Bulgarian reinsurance company EIG Re, a subsidiary of Euroins Insurance Group (EIG), has been asked to provide additional documents and information regarding its request for a license to offer new types of insurance policies.
This marks the second time the Financial Supervision Commission (FSC) has pressed EIG Re for more information about the licence request.
The regulator did not offer any further details, but confirmed earlier this month that EIG Re had requested an extension of its licence to allow it to expand its offering.
EIG Re is the third-largest reinsurer in Bulgaria, recording gross written premiums of 3.6 million levs (€1.8 million) in the first nine months of 2019.
During this period, premiums only related to reinsurance policies for goods in transit, ships, and fire and natural forces.
