Bulgarian insurance supervisor withdraws the licence of ZAD DallBogg: Life and Health AD

On 9 June, the Bulgaria's Financial Supervision Commission (FSC - Комисия за финансов надзор) decided to withdraw the licence of ZAD DallBogg: Life and Health AD. The decision is intended to protect the interests of policyholders.

The FSC and National Competent Authorities in whose markets ZAD DallBogg: Life and Health AD distributed its products have been cooperating closely to protect the interests of consumers across the EU single market.

The FSC’s communication can be found here in Bulgarian.

For more information, policyholders are invited to consult the Q&As published on the website of the relevant National Competent Authorities as well as information available on the website of the FSC under the links below.

Policyholders are advised to check these websites regularly over the next few weeks as the information will be updated. 

• Bulgaria: Q&A here and broader information by Комисия за финансов надзор
• Greece: Q&A here and broader information by Τράπεζα της Ελλάδος
• Italy: Q&A here and broader information by Istituto per la vigilanza sulle assicurazioni
• Poland: Q&A here and broader information by Urząd Komisji Nadzoru Finansowego
• Romania: Q&A here and broader information by Autoritatea de Supraveghere Financiară

For more background, a timeline of relevant events is provided below:

• On 10 June 2025, FSC imposed a temporary ban on the provision of new and the extension of the term of existing cross-border products and services of ZAD DallBogg: Life and Health AD – under the freedom to provide services across the European Economic Area concerning all classes of insurance for an initial period of 3 months as of 1 July 2025.
• On 1 October 2025, the FSC issued a new ban on the provision of new and the extension of the term of existing cross-border products and services, without time limit, on ZAD DallBogg: Life and Health AD due to persisting and newly identified issues.
• Considering the ongoing issues and the company's failure to rectify them, on 2 April 2026, the FSC issued a decision with immediate effect as from 2 April 2026, imposing a ban on the conclusion of new insurance or reinsurance contracts for all classes of insurance within the territory of the Republic of Bulgaria.
• Following the above developments, the FSC initiated proceedings for the application of a coercive administrative measure, requiring the insurer to prepare a realistic short-term plan to restore solvency, to be presented within one month after the deadline for objections.
• The FSC received the short-term plan and assessed it as not sufficient. For this reason, on 9 June 2026 the FSC decided to withdraw the company’s licence.