Euroins Bulgaria Secures €58.8 Million Investment to Expand European Presence

Euroins Bulgaria Secures €58.8 Million Investment to Expand European Presence

Euroins Bulgaria, a key player in the European insurance market and a subsidiary of Euroins Insurance Group (EIG), has recently made headlines by raising €58.8 million through a significant capital increase. This funding is aimed at expanding its operations across Europe, particularly focusing on Central and Southeastern regions.

Details of the Capital Increase

The capital was raised by issuing 28.75 million new shares priced at BGN 4 each, as reported by InsurTech Insights. This strategic financial move is expected to:

  • Support Euroins Bulgaria’s expansion plans in key markets such as Poland and Greece.
  • Enhance the company’s solvency and financial stability.
  • Drive efforts towards digital transformation and innovation in the InsurTech sector.

Strategic Goals and Market Presence

Operating under the Freedom of Establishment (FoE) directive in Bulgaria, Euroins Bulgaria also extends its services across several countries including Poland, Spain, Germany, Italy, and Romania under the Freedom of Services (FoS) directive. The company also maintains a strong presence in North Macedonia, Ukraine, and Georgia through its subsidiaries.

Enhancing European Market Position

This latest capital infusion aligns seamlessly with Euroins Bulgaria’s strategic goal of strengthening its position in the European insurance landscape. By bolstering its financial foundation, the company aims to:

  • Enhance its service offerings.
  • Implement innovative solutions to meet the evolving needs of the market.

For further insights into Euroins Bulgaria’s operations and future plans, you can visit their official website at Euroins Bulgaria.

As Euroins Bulgaria continues to develop its operations across Europe, it stands poised to make a significant impact in the insurance industry, leveraging its strong financial backing and commitment to innovation.

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