SAGLASIE AD

What SAGLASIE AD does

SAGLASIE AD (ПОК „Съгласие" АД) is a Bulgarian pension insurance company founded in 1995, operating as a joint-stock company under the supervision of the Financial Supervision Commission (КФН). The company manages three statutory pension funds: the Universal Pension Fund (УПФ), a mandatory fund for employees born after December 31, 1959; the Professional Pension Fund (ППФ), a mandatory fund for workers in hazardous first and second-category labor conditions; and the Voluntary Pension Fund (ДПФ), a supplementary voluntary scheme with flexible contribution amounts and employer-sponsored options. As of end-2016, the company served 507,066 insured persons with BGN 1.261 billion in net assets under management.

The company's underlying technology consists of proprietary information systems for pension fund administration, individual account (партида) tracking, contribution processing, and an insured persons web portal (insportal.saglasie.bg) that supports electronic document submission with qualified electronic signatures. UniCredit Bulbank serves as the custodian bank for all three funds, providing asset safekeeping. The company is ISO/IEC 27001:2013 certified by DNV.GL and distributes its products through a network of over 50 branches across Bulgaria plus thousands of insurance intermediaries, a call center, and a customer portal.

ПОК Съгласие generates revenue through contribution-based management fees (3.75% on UPF/PPF contributions, tiered 1.5-3.0% on DPF contributions) and AUM-based investment fees (0.75% annually on UPF/PPF net assets, with additional 0.5% on annuity/deferred funds and a 7% performance fee on DPF yields). Entry fees on DPF contracts range from EUR 0 to EUR 4.50 depending on contract size. The customer base is granular — hundreds of thousands of individual insured persons across Bulgaria — with no publicly disclosed named enterprise clients. The company is privately held, not listed on any stock exchange, and is not actively raising venture or growth capital.

Name

SAGLASIE AD

Legal name

Пенсионноосигурителна компания „Съгласие" АД

Website

https://saglasie.bg

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

SAGLASIE AD is a Bulgarian pension insurance company founded in 1995 that manages three pension funds — Universal, Professional, and Voluntary — serving more than half a million insured persons across Bulgaria through a network of 50+ branches.

Ownership category

akta.pro rank

Product category

Pension Insurance

NAICS

Pension Funds (525110), Pension Funds (52511)

SIC

Insurance Carriers, Nec (6399), Investment Advice (6282)

akta.pro primary industry

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

akta.pro secondary industries

Pensions & Retirement Benefits Administration (BPAIAKAA), Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB), Taft-Hartley / Labor Union & Public Sector Retirement Systems (FSAAAGAK)

Keywords

• Pension insurance
• Retirement savings
• Mandatory pension funds
• Voluntary pension savings
• Pension fund management

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Management Fees on Contributions (UPF/PPF): The company collects contribution fees ranging from 3.75% to 4.5% on insurance contributions for Universal Pension Fund (УПФ) and Professional Pension Fund (ППФ). Fees have been progressively reduced from 4.5% in 2016 to 3.75% from 2019 onwards.
2. Investment Fees (UPF/PPF): Annual investment fee calculated on net asset value of pension funds: 0.75% annually for УПФ (reduced from 0.9% in 2016). Additional 0.5% annually on assets of annuity fund and deferred payments fund.
3. Management Fees on Contributions (DPF): Service fee from each insurance contribution for Voluntary Pension Fund (ДПФ): 3.0% for contributions up to 50 EUR, 2.5% for 50.01-200 EUR, 1.5% for contributions over 200 EUR. Reduced by 0.5 percentage points for persons also insured in mandatory pension funds.
4. Investment Performance Fee (DPF): 7% of the yield from managing funds in the Voluntary Pension Fund (ДПФ).
5. Entry/Admission Fees (DPF): Entry fee of 4.50 EUR per individual contract; 3.75 EUR per insured person for employer contracts with up to 100 persons; 1.50 EUR for contracts with 101-4000 persons; no fee for contracts with over 4000 persons.
6. Withdrawal Fee (DPF): 10% of withdrawn amount (max 10 EUR/19.56 BGN) for early withdrawal before acquiring right to personal old-age or disability pension.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

SAGLASIE AD manages and administers three Bulgarian pension insurance funds: the mandatory Universal Pension Fund (УПФ) for employees born after 31.12.1959, the mandatory Professional Pension Fund (ППФ) for workers in first and second category labor conditions, and the voluntary Voluntary Pension Fund (ДПФ) for supplementary retirement savings with employer or individual contributions. The company invests accumulated contributions, tracks individual insurance accounts (партиди), and pays out retirement benefits as lifetime pensions, term pensions, lump sums, or deferred payments.

Product overview

ПОК "Съгласие" АД is a pension insurance company operating as a unified platform managing three distinct pension funds: УПФ "Съгласие" (Universal Pension Fund - mandatory fund for employees born after 1959), ППФ "Съгласие" (Professional Pension Fund - mandatory fund for workers in hazardous labor conditions), and ДПФ "Съгласие" (Voluntary Pension Fund - supplementary scheme with flexible contributions). The product portfolio is complemented by a web-based Information System for Insured Persons (InsPortal) providing account access, and pension calculators for each fund type. The company serves hundreds of thousands of insured persons across Bulgaria through a nationwide office network, with UniCredit Bulbank serving as custodian bank.

Differentiator

Problem solved

Functional benefit

Products and services

• Universal Pension Fund Saglasie (УПФ „Съгласие") Mandatory pension fund for working individuals in Bulgaria born after 31.12.1959 who are insured under the first part of the Social Insurance Code. Contributions are invested and accumulated in individual insurance accounts (партиди) and paid out as a lifetime or term pension upon retirement.
• Professional Pension Fund Saglasie (ППФ „Съгласие") Mandatory pension fund for employees working under first and second category labor conditions (hazardous or specialized labor). Provides supplementary retirement benefits enabling early retirement for hazardous-work occupations.
• Voluntary Pension Fund Saglasie (ДПФ „Съгласие") Supplementary voluntary pension scheme allowing individuals or employers to make flexible periodic or one-time contributions accumulated in individual insurance accounts. Benefits are payable as lifetime pension, term-based pension, or lump-sum payment, with funds inheritable.
• Insured Persons Portal (InsPortal / insportal.saglasie.bg) Web-based self-service portal enabling insured persons to view individual insurance accounts, contribution records, and account statements online for UPF, PPF, and DPF funds.
• Pension Calculators (Пенсионни калкулатори) Web-based pension calculators for each of the three fund types (PPF, UPF, DPF) allowing users to estimate accumulated amounts and projected pension benefits based on contribution amounts, expected yield, and retirement parameters.

Quantifiable outcome

• 507,066 insured persons across all three funds as of December 2016
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• UniCredit Bulbank (УниКредит Булбанк)coreStrategic or Co-development PartnerUniCredit Bulbank serves as the custodian bank (банка попечител) for all three pension funds managed by ПОК Съгласие. This is a critical partnership ensuring the safekeeping and proper management of fund assets. The company has maintained this relationship since at least 2007 when IBAN accounts were established following the merger of HVB Biochim, Hebros Bank, and Bulbank into UniCredit Bulbank.
• Ernst & Young (Ърнст & Янг) - Regional ConsortiumminorOthersInternational consulting firm engaged as project manager for asset review of Bulgarian pension funds. Conducted comprehensive review of pension fund assets as of June 30, 2016, on behalf of КФН.
• HLB Bulgaria (Ейч Ел Би България ООД)minorOthersIndependent external auditor engaged for asset review of pension funds managed by ПОК Съгласие as of June 30, 2016.
• DNV.GLminorOthersInternational certification body that issued ISO/IEC 27001:2013 certification to ПОК Съгласие for information security management systems compliance.
• Central Depositary (Централен депозитар)minorOthersПОК Съгласие supported the international conference organized by Central Depositary on the 20th anniversary of its establishment, themed 'Good Corporate Governance - Prerequisite for Sustainable Growth and Investment in Bulgaria' held on October 18, 2016 in Sofia.
• Bulgarian Chamber of Commerce and Industry (БСК)minorOthersПОК Съгласие supported the 30th anniversary celebration of БСК in April 2010. БСК was a long-term shareholder of ПОК Съгласие until 2007.

Scale indicators9 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• ПОК Бъдеще (Budeshte Pension Fund): Bulgarian pension insurance company managing UPF, PPF and DPF funds under the same КФН license framework. Direct domestic peer competing for insured persons, employer contracts, and intermediary relationships across Bulgaria.
• Allianz Bulgaria Pension Fund (Алианц България): Local Bulgarian pension fund operated by Allianz, one of the global insurance leaders. Competes directly with Saglasie in UPF, PPF and DPF under the same КФН regulatory framework, leveraging the Allianz brand alongside local distribution.
• NN Bulgaria (Nationale-Nederlanden): NN Group's Bulgarian pension and life insurance subsidiary operating mandatory and voluntary pension funds. Direct competitor in the Bulgarian pension insurance market with international backing and digital-first distribution capabilities.
• MetLife Bulgaria: Bulgarian subsidiary of global insurance leader MetLife, operating life and pension products including voluntary pension schemes. Direct competitor in the supplementary/voluntary pension segment with strong international brand recognition.
• ПОК Доверие (Doverie Pension Insurance Company): Another of Bulgaria's pioneering pension insurance companies managing mandatory UPF/PPF and voluntary DPF funds. Direct domestic competitor with similar three-pillar structure, comparable regulatory positioning, and identical fee economics — the closest functional peer in the Bulgarian market.
• ERB Pension Fund (Eurobank Bulgaria / ПОК ЕВР): Bulgarian pension insurance company affiliated with Eurobank/Postbank group, offering the standard three-pillar pension product set. Direct competitor leveraging a major domestic banking parent for distribution.

Broad incumbents

• NN Group: Dutch-headquartered insurance and asset management group with substantial pension operations across CEE including Bulgaria. Broad incumbent with overlapping pension and life insurance capabilities; competes with Saglasie through its NN Bulgaria subsidiary while serving a much wider portfolio.
• Allianz SE: Global insurance and asset management leader with pension fund operations across Europe including Bulgaria via Allianz Bulgaria. Broad incumbent offering institutional asset management, pension products, and life insurance as part of a much wider financial services portfolio.
• Vienna Insurance Group (VIG): Austrian-headquartered insurance group with significant CEE pension and life insurance operations across multiple Balkan markets. Broad incumbent comparable in business model (mandatory and voluntary pension products) though operating at materially larger scale and broader geography.

Regional players

• UNIQA Insurance Group (UNIQA Bulgaria): Austrian-headquartered insurance group with Bulgarian operations in life and pension insurance. Comparable as a CEE pension/life insurance provider with similar multi-pillar product offerings, though positioned as a regional player rather than direct Bulgarian-market head-to-head.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/saglasie-ad

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

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 SAGLASIE AD