What are the new trends in insurance

The most important thing for Bulgarians is the car. These are the most common insurances in Bulgaria, but in recent years newer trends have started to appear. 

Life insurance with an investment element is developing and there is also some increase in property insurance and agricultural insurance against natural disasters.

The Covid-19 pandemic has also had an impact on insurance. New insurance companies have been established that are not tied to a physical location. This is also a plus for consumers as most people have hectic lives and find it more convenient to buy such products online. 

The insurance business has started offering digital insurance products.

Forbes predicts that over the next 5 years, the popularity of cyber insurance will steadily increase. Cyber attacks are becoming more inventive and disruptive; in parallel, the market for remedies, including insurance, is growing.

Furthermore, it is expected that in some countries and in some industries - for example, healthcare and finance - the purchase of cyber risk insurance by companies will become mandatory in the future.

To stay on trend, use your #insurance broker at Lex Ins to choose the best #insurance for you and your family!

The feeling of security is priceless!