Announcement by the European Insurance and Occupational Pensions Authority (EIOPA)

Bulgarian insurance supervisor imposes temporary ban on the cross-border activities of ZAD DallBogg: Life and Health

On 10 June 2025, the Financial Supervision Commission (FSC - Комисия за финансов надзор), a Bulgarian supervisory authority, imposed а ban on new business for the cross-border activities of “ZAD DallBogg: Life and Health" JSC – hereafter DallBogg – under the freedom to provide services across the European Economic Area concerning all classes of insurance for а an initial period of 3 months from 1 July 2025. DallBogg’s insurance business will continue as usual in all Member States until and including 30 June 2025. DallBogg’s activities in Bulgaria remain unaffected by this measure. FSC, as the home supervisory authority, is in close contact with DallBogg to ensure effective consumer protection and fair treatment of all policyholders. FSC is also working on defining the conditions that DallBogg would have to meet for the ban to be lifted. All concerned National Competent Authorities are cooperating closely.
More details will be provided shortly.