European Insurance Company ZAD (Bulgaria)

European Insurance Company ZAD is a licensed company located in Sofia, Bulgaria. It was incorporated in 2008 as a Health Insurance Fund for additional voluntary health insurance. In 2013, with regulatory changes, European Insurance Company ZAD was re-licensed as an insurance company and obtained a license for the "Disease" insurance. Throughout its development, the company has established itself as a stable and loyal partner to its clients. European Insurance Company ZAD holds a market share of 0.17% in General Insurance and slightly below 1% in Health Insurance. In 2016, the Financial Supervision Commission issued a decision to expand the scope of European Insurance Company ZAD's license to include a group of insurance classes in Section II, Letter A of Appendix No. 1 of the Insurance Code. These classes include insurance for "Accidents" (including industrial accidents and occupational diseases), "Goods in Transit" (including goods, baggage, and others), "Fire and Natural Disasters," "Other Property Damages," "Miscellaneous Financial Losses," and "Travel Assistance" (Assistance abroad). The company's ambitions include expanding its license to achieve a more significant position in the insurance market in Bulgaria by offering an individual approach and special attention to the needs and desires of each of its clients.