Nadezhda

What Nadezhda does

Nadezhda is a Bulgarian insurance company that provides health insurance and accident coverage products. Founded in 2004 and headquartered in Simeonovo, Bulgaria, the company operates as a for-profit insurer serving the domestic Bulgarian market. It is publicly traded on the Bulgarian Stock Exchange under the ticker symbol bse:NAD, giving it public-market capital access relative to most private insurers in its segment.

The company's product focus is narrowly defined around health and accident insurance lines, suggesting a specialist rather than full-line insurer positioning. Its corporate website (http://zknadejda.bg) is currently inaccessible, displaying only a loading/verification page rather than substantive corporate or product content. As a result, no details regarding underwriting approach, distribution channels, premium volumes, claims ratios, reinsurance arrangements, or technology platform are available from the provided sources.

Available supporting data is extremely thin. No management team, employee headcount, customer roster, partnership network, product roadmap, or financial disclosures are documented. The company is classified as operating with for-profit, public-company status, and is registered as a Bulgarian-domiciled entity. Without access to audited financials, regulatory filings, or operational metrics, an investor-grade assessment of scale, profitability, or competitive positioning cannot be made from the available evidence.

Name

Nadezhda

Website

http://zknadejda.bg

Company type

Private

Founded year

2004

Operating status

Operating

Short description

Nadezhda is a Bulgarian insurance company, founded in 2004 and publicly listed on the Bulgarian Stock Exchange (bse:NAD), that provides health insurance and accident coverage to customers in Bulgaria.

Ownership category

akta.pro rank

Headquarters

HQ city

Simeonovo

HQ country

Bulgaria

HQ region

Europe

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations

Core offering

Nadezhda is a provider of insurance services that offers health insurance and accident coverage. The company is headquartered in Simeonovo, Bulgaria, and is publicly listed on the Bulgarian Stock Exchange.

Differentiator

Problem solved

Functional benefit

Products and services

• Health Insurance Health insurance coverage offered by Nadezhda, a Bulgaria-based insurance provider headquartered in Simeonovo.
• Accident Insurance Accident coverage offered by Nadezhda, a Bulgaria-based insurance provider headquartered in Simeonovo.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves2 records

Broad incumbents

• Allianz Bulgaria: Allianz Bulgaria is the Bulgarian subsidiary of Allianz Group, offering a broad portfolio including health, life, and P&C insurance. It is a relevant peer because it competes for the same Bulgarian health insurance customers as Nadezhda with materially greater capital and product breadth.
• Generali Bulgaria: Generali Bulgaria is part of the Generali Group and provides life, health, and non-life insurance products in Bulgaria. It is comparable to Nadezhda as a multi-line insurer operating in the same regulatory and customer market, with health insurance as one of its product categories.
• Uniqa Bulgaria: Uniqa Bulgaria offers life, health, accident, and property insurance products through the Uniqa Group network. It competes directly with Nadezhda in the Bulgarian health and accident lines and provides a benchmark for international-backed insurers in the same niche.
• Bulstrad Vienna Insurance Group: Bulstrad is part of Vienna Insurance Group and one of the largest Bulgarian insurers offering life, health, motor, and property products. Comparable to Nadezhda as a multi-line insurer in the same geography, with health and accident lines as overlap points.

Direct peers

• DZI (Dobrudzhа Zastrahovatelno Druzhestvo): DZI is a long-established Bulgarian insurance company offering health, life, and accident insurance. It is a direct peer to Nadezhda as a domestically headquartered multi-line carrier operating in the same regulatory environment and overlapping strongly on the health and accident lines.
• Armeec Insurance: Armeec is a Bulgarian insurance company with a broad portfolio including health and accident coverage. It is a direct peer because it competes for the same Bulgarian policyholders with similar product positioning and a comparable domestic balance sheet scale.
• Euroins Insurance Group (Bulgaria): Euroins Bulgaria operated in the Bulgarian non-life and health insurance market. It is a direct peer because it competed head-to-head with Nadezhda in the same domestic market, particularly on health and accident lines, though it has since faced significant regulatory action.

Regional players

• Groupama Bulgaria: Groupama Bulgaria is a local subsidiary of the French Groupama group offering insurance products including health and accident coverage. It is a comparable peer because it overlaps with Nadezhda on health/accident lines while being part of a regional European group with shared back-office capabilities.
• Grawe Bulgaria: Grawe Bulgaria is the local arm of the Austrian Grawe Group, offering life, health, and accident insurance in Bulgaria. It is a relevant peer because it overlaps with Nadezhda on health and accident insurance and is supported by a Central European parent with shared product DNA.

Emerging players

• Doverie Insurance (Doverie-Broker) related entities: Doverie is a Bulgarian insurance/brokerage entity operating in the domestic non-life and health market. It is an emerging/niche peer with overlapping product lines and a similar-sized domestic position to Nadezhda.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat1 record

Key highlights3 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nadezhda