Industry

Insurance

A partner in finding solutions

The insurance industry is facing accelerated digital transformation and a growing need to innovate in response to new regulations and consumer demands. These dynamics are being reinforced, creating new challenges and opportunities for insurers who are becoming increasingly reliant on technology and new business models.

Key contacts

  • Regulatory advice to insurance companies and intermediaries licensed in Bulgaria or another EU Member State
  • Legal advice regarding the digital transformation of insurance activity
  • Distant marketing of insurance services
  • Advice on legal compliance with European regulations: IDD, Solvency ІІ, ESG, DORA and GDPR
  • Preparation of internal rules, policies, and procedures
  • Drafting and advising on general terms and conditions of insurance products
  • Assistance in all types of insurances, including professional liability, product and management liability, cyber insurance, financial risks
  • Licensing of insurance brokers
  • Representation in insurance disputes
  • Assistance in settling insurance claims

Legal Support in the Context of Complex Regulations

Our team includes colleagues with diverse backgrounds, including a senior lawyer who headed the legal department of one of Bulgaria’s largest insurers. From legal opinions on the validity of insurance agreements and claims to advice on regulatory issues, our experts are always available to assist insurers, brokers and their clients. We actively assist companies in the process of complying with regulatory requirements such as IDD, Solvency ІІ, GDPR, DORA, anti-money laundering measures and other key regulatory frameworks.

Having experience in consulting some of the largest insurance companies in Bulgaria and the region, we understand the industry and the need to adapt to new technologies and practices in the sector. Our attorneys offer strategic advice in creating innovative insurance products and services, as well as integrating digital platforms and tools into insurance processes.

Work Highlights:
  • Van Ameyde International - representation of a pan-European insurance claims settlement company in arbitration proceedings before the Bulgarian Chamber of Commerce and Industry (BCCI) against Bulgarian insurance company
  • Leading European insurer - legal assistance on regulatory issues and legal representation in disputes over insurance claims
  • Bulstrad Vienna Insurance Group - complex assistance in the phased acquisition of minority stakes and delisting of the company from the Bulgarian Stock Exchange

With Care for All Participants in the Industry  

We believe in creating long-term partnerships with our clients by offering timely and practical solutions that are relevant to the rapidly changing legal and regulatory environment. Our experience covers areas such as general insurance, cyber security, life insurance and insurance distribution.

Our experience shows that it is not only insurers who need expert legal assistance. We effectively assist all parties in the process, from insurance intermediaries and clients to insured parties. With a deep knowledge of claims settlement and in-court or out-of-court dispute resolution, DPC provides expert support at every stage of the process.

Along with this, we offer professional assistance in protecting the rights of insured parties - from choosing the most appropriate insurance cover to defense in the event of an insured event.

Work Highlights:
  • Legal assistance to Italian insurer on regulatory issues under the freedom of provision of insurance services in Bulgaria regime
  • Trusti.bg - legal advice for the development of an online platform for the provision of brokerage services
  • Legal assistance to a Polish insurer on regulatory issues in providing financial insurance in Bulgaria
  • Leading financial institution - legal advice for distant marketing of credit, insurance and guarantee products

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