about us

Armeec

In April 1996 Armeec Insurance Jsc was established in the structure of the Ministry of Defence.   

Armeec was licensed in June 1998 to carry out insurance activities in the field of general insurance pursuant to licence no 7, issued by the National Insurance Council.

In July 2002 Chimimport acquired 91.92 percent of the company capital. The Ministry of Defence and the trade companies from its system retained 8.08 percent of the share capital.

 

October 2007 Armeec Insurance Jsc was assigned its first credit rating by the Bulgarian Credit rating Agency (BCRA). April 2008 Armeec Insurance Jsc sent notification to the Financial Supervision Commission of its intention to provide insurance services on the territory of the EU.

In 2011 Armeec Insurance Jsc is the first company which owns the naming rights of the sports and entertainment facility Arena Armeec Sofia through a general sponsorship agreement.

May 2016 Armeec Insurance Jsc won the first prize at the ceremony Insurer of the Year for 2015 in the category „Non-life Insurance

In 2018, "Armeets" implemented the European and national legal framework on Solvency II, GDPR and IDD2.

Insurance business

Armeec Insurance Jsc holds a license to perform insurance activities on the territory of Bulgaria.

The company offers all types of insurance products and services in all lines of non-life insurance business - motor, property, aviation, marine and transport insurance, rail vehicles insurance, construction, crop and livestock, tourist and personal insurances, liability insurances, financial and commercial risks insurance.

Armeec Insurance Jsc operates through a branch network consisting of 54 agencies representative offices throughout the country. The distribution of the insurance products is also carried out by 300 insurance brokers and 400 insurance agents.

Memberships and credit rating

Armeec Insurance Jsc is a member of Bulgarian and international organizations, such as: Association of Bulgarian Insurers, National Bureau of Bulgarian Motor Insurers, Bulgarian Chamber of Commerce and Industry, Sofia Chamber of Commerce and Industry.

In December 2016 the Bulgarian Credit Rating Agency awarded a long-term rating of Armeec Insurance Jsc of BB+, stable perspective, as well as a long-term rating according to the National scale of А- (BG), stable perspective.

The achieved key indicators for the company's activity are the reason behind the Bulgarian Credit Rating Agency increase of the long-term rating of "Armeets" AD from BB+ to BBB-, "stable" perspective in February 2023.

Insurance

  1. 01

    Motor insurance

  2. 02

    Property insurance

  3. 03

    Marine insurance

  4. 04

    Personal accident

  5. 05

    Cargo and Carrier’s liability insurance

  6. 06

    Aviation insurance

  7. 07

    Liability insurance

  8. 08

    Financial risks insurance

  9. 09

    Travel insurance

  10. 10

    Technical insurance

  11. 11

    Agricultural insurance

  12. 12

    Construction insurance

VISIT OUR WEBSITE ARMEEC