Representatives from the transport sector, alongside clients and employees of DallBogg: Life and Health Insurance, gathered in Sofia on Thursday to protest and demand the resignation of the Financial Supervision Commission (FSC). The joint demonstration, involving various industry organizations and staff from the insurer, took place in front of the National Assembly and the Council of Ministers, marking the first session of the 52nd Parliament. The protesters articulated several core demands, including an immediate cessation of actions they described as “repression” against the company and an end to the escalating costs of mandatory motor third-party liability insurance.
They warned that if these issues were not addressed, further demonstrations would follow, potentially involving other sectors impacted by rising compulsory insurance expenses. The protest was prompted by the FSC’s actions taken in early April. At that time, the commission imposed a ban preventing DallBogg from securing new or renewing insurance or reinsurance contracts across specified classes.
The FSC stated that this measure was implemented to safeguard policyholder interests and ensure the company’s solvency, citing alleged breaches of the Insurance Code and market conduct rules. The gathering underscores significant tension between the private insurance industry and regulatory bodies. The presence of representatives from the transport sector highlights the financial impact of these regulatory decisions on commercial operations.
The protesters intend to proceed from their initial location to the FSC headquarters following their demonstration.
Topics: #transport #sector #insurance
