The Bulgarian Students’ Association aided by LEV INS AD INSURANCE COMPANY among others, hosted the European Students’ Conference dedicated to the Challenges Facing Higher Education in Europe. Parallel to the Conference, the European Students Association held its 55th Board Meeting in Sofia between November 24 and November 30 of 2008. 150 delegates representing student associations from 39 European countries attended the meeting. The event was part of the national campaign no celebrate the 100th anniversary the Bulgarian Declaration of Independence. The campaign took place under the auspices of Bulgaria’s President, Mr. Georgi Parvanov, and was chaired by the Prime Minister of the Republic of Bulgaria, Mr. Sergei Stanishev.
Lev Ins decided to support the Conference because it has always valued proactive young people driven to grow and succeed. We respect the willingness of the young people to take part in developing the higher education system and their desire to get involved in making the decisions that will impact their future.

LEV INS is a partner of Save the Child, a nationwide campaign to bring down the number of children dying as a result of traffic accidents.

230 schools and kindergartens in 24 cities and towns were equipped with safety traffic signs as part of Stage Three of the Save the Child Campaign. The initiative included the following cities and towns: Sofia, Novi Iskar, Plovdiv, Varna, Nessebar, Haskovo, Veliko Tarnovo, Gabrovo, Debelets, Rousse, Shumen, Dobrich, Stara Zagora, Pleven, Kyustendil, Slavianovo, Sliven, Pernik, Yambol, Pazardzhik, Slunchev Briag, Sveti Vlas, Obzor, and Blagoevgrad. The project benefited eight villages as well: Ravda, Beglezh, Varbitsa, Koilovtsi, Orizare, Galiovitsa, Trankovo, and Kosharitsa. In addition to improving the safety in the area around schools by placing warning signs, in 2008, 10 000 stickers were handed out as part of the Save the Child Campaign. The stickers featuring the logo of the campaign were distributed in the vehicles of the public transportation system with the help of the respective municipal or private carriers operating within the municipalities.          The campaign budget for 2008 came to BGN 315 000 which was donated by LEV INS INSURANCE COMPANY out of its Prevention Fund. Pedestrian warning signs were placed around nearly 90 schools in Sofia, Plovdiv, Varna, and Bourgas last year. Over 3 000 stickers featuring the Save the Child logo were placed on vehicles of the public transportation system of Sofia and Plovdiv and about 200 banners were put up on the entrances of car dealerships, members of the Association to help raise the awareness. One of the main goals of LEV INS as a leading carrier on the Bulgarian insurance market is to implement a set of activities designed to minimize and prevent the occurrence of unfavorable events and to contain the damages that they bring about. КThe results from stage 1 of the Save the Child Campaign, as analyzed in a report by the Traffic Police, indicate that in 2005 no children were killed in traffic accidents in Sofia. Recognizing the efficiency of the Campaign, the Ministry of the Interior, the Ministry of Transportation, the Child Protection Agency and the Bulgarian Red Cross joined in. The initiative was included in the European Charter for Traffic Safety as one of the tools to achieve the goal, “saving 25 000 lives”.

ЛLEV INS OPENED ITS NEW CORPORATE CENTER

Implementing the European standards and requirements and following the principles of Active Insurance/Assurance as a new and efficient way to conduct insurance/assurance business, LEV INS notified each and every one of its customers when it opened its SOFIA CORPORATE CENTER at 136 V Tsar Boris Blvd. LEV INS has always put the emphasis on building active partnerships with its customers based on fairness and loyalty. The establishment of the new corporate center allows the company to have a better individual approach to its corporate customers and to react quicker to their needs. ЕThe team of experts working at the Corporate Center will offer the full spectrum of financial products and services, from general insurance to health insurance, life insurance, retirement fund management and investment brokerage and all the related consultancy services for matters such prevention and risk management.

For more information, please call us at 02/915 08 59, 0899996188 or contact us at: office@lev-ins.com

LEV INS WON THE TRUST OF THE INTERNATIONAL REINSURERS

The results reported at the General Meeting of the Shareholders show that LEV INS AD INSURANCE COMPANY is a dynamically yet sustainably growing enterprise. The Meeting gave the CEO and the Management a vote of full confidence and the results, in terms of reinsurance rating and customer confidence, speak for themselves.
The shareholders decided not to distribute any dividend and instead, to reinvest earnings into expanding the Company’s capital to BGN 33 million.
The General Meeting of the Shareholders approved a 3-million budget to insure the implementation of the Company’s strategy for the upcoming period with 1.5 million going to the Prevention Fund, and 1.5, to the Active Insurance Fund.
The Company reported earnings of BGN 12 million. Revenue from insurance premiums rose in 2007 to BGN 102 million or 65% on 2006 whilst the overall market share of the Company saw an increase of 26%.
Having received a license for its Retirement Insurance Division, LEV INS now offers every product and service from the insurance spectrum: general insurance, health insurance, life insurance, retirement insurance, and investment banking.
LEV INS AD INSURANCE COMPANY remains a leading carrier of Third-Party Liability Vehicle Insurance and the undisputed leader in financial risk products with a whopping 41.33% of the market.

THE NATIONAL CREDIT RATING AGENCY RATED LEV INS AD INSURANCE COMPANY “FINANCIALLY STABLE”

Sofia, November 6, 2007
The National Credit Rating Agency ((NCRA), the only associated partner of Moody’s Investors Servicein Bulgaria gave Lev Ins an initial local rating of financial stability based on the Company’s readiness to meet its financial liabilities under the insurance policies sold by it. The long-term financial stability rating of the Company is bgА3,and the short-term rating is bgP-2. The outlook is positive.
Lev Ins AD Insurance Company is a general insurance carrier that, over the last couple of years, has become one of the most dynamically growing companies reporting annual growth of over 100%. The presence of Lev Ins is especially strong on the auto insurance market and the quickly expanding market for financial product insurance. The Company operates a strong distribution network and offers innovative risk prevention solutions.
Lev Ins is following an aggressive growth strategy with the overall goal being to reinforce its positions across the general insurance spectrum. The strategy’s potential for success is easy to see: over the last 18 months Lev Ins has become one of the industry leaders in terms of growth and profitability form insurance. A quick analysis of liquidity shows the Company’s excellent capacity to meet its short-term liabilities in a quick and timely fashion.
The two issues preventing the Company from getting an even higher rating is the inability to trace the adequacy of the reserves and the fact that still a very high percentage of the Company’s premium revenue comes from sales of Casco Vehicle Insurance policies and Third-Party Liability Vehicle Insurance. Competition on the insurance market is steep and the position of Lev Ins is constantly challenged by many leading European carriers who entered the Bulgarian market by establishing local branches. Still, Lev Ins enjoys a positive outlook. It keeps improving both its market share and financial results on a consistent basis and is constantly streamlining its organizational structure.

 The National Credit Rating Agency AD is a private entity based in Sofia. As of 2006 the NCRA is the only Bulgarian associated partner of Moody’s Investors Service, a world leader in credit rating. The NCRA awards its ratings based on the world-renowned methods and practices of Moody’s. The ratings are measured on a scale where bgАаа is the highest and bgС, the lowest possible. The local ratings by the NCRA represent the Agency’s opinion on the relative degree of credit risk for companies based in Bulgaria.
For more information on the NCRA, please go to http://www.ncrarating.com.