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1 EUR - 7.4198 HRK
1 EUR - 27.021 CZK
1 EUR - 309.81 HUF
1 EUR - 4.2695 PLN
1 EUR - 4.5527 RON
1 EUR - 61.6859 RUB

Macedonia

Location:
Southeastern Europe, north of Greece

Climate:
warm, dry summers and autumns; relatively cold winters with heavy snowfall

Natural hazards:
high seismic risks



Currency: Denar (MKD)

1 EUR = 61.4814 Denars, MKD (December 31st, 2014)
1 EUR = 61.5113 Denars, MKD (December 31st, 2013)
1 EUR = 61.5000 Denars, MKD (December 31st, 2012)
1 EUR = 61.5050 Denars, MKD (December 31st, 2011)
1 EUR = 61.5050 Denars, MKD (December 31st, 2010)

Sources:
Insurance Supervision Agency
Ministry of Finance of the Republic of Macedonia
National Bank of the Republic of Macedonia
Insurance Companies Association

Insurance statistics

1H2016Market portfolioxlsx
1H2016Insurance Companies Rankingsxlsx
1Q2016Market portfolioxlsx
1Q2016Insurance Companies Rankingsxlsx
FY2015Market Portfolioxlsx
FY2015Insurance Companies Rankingsxlsx
3Q2015Market portfolioxlsx
3Q2015Insurance Companies Rankingsxlsx
1H2015Market portfolioxlsx
1H2015Insurance Companies Rankingsxlsx
1Q2015Market portfolioxlsx
1Q2015Insurance Companies Rankingsxlsx
FY2014Market Portfolioxlsx
FY2014Insurance Companies Rankingsxlsx
3Q2014
Insurance Companies Rankingsxlsx
3Q2014Market Portfolioxlsx
1H2014Insurance market overview pdf
1H2014Market portfolioxlsx
1H2014Insurance companies rankingsxlsx
1Q2014Market portfolioxlsx
1Q2014Insurance companies rankingsxlsx
FY2013Insurance market overview pdf
FY2013Market Portfolioxlsx
FY2013Insurance Companies Rankingsxlsx
3Q2013Market Portfolioxlsx
3Q2013Insurance Companies Rankingsxlsx
1H2013Insurance market overview pdf
1H2013Market Portfolioxlsx
1H2013Insurance Companies Rankingsxlsx
1Q2013Insurance Companies Rankingsxlsx
1Q2013Market Portfolioxlsx
FY2012Insurance market overview pdf
FY2012Market Portfolioxlsx
FY2012Insurance Companies Rankingsxlsx
3Q2012Market Portfolioxlsx
3Q2012Insurance Companies Rankingsxlsx
1H2012Insurance Companies Rankingsxlsx
1H2012Market Portfolioxlsx
1H2012Insurance market overview pdf
1Q2012Insurance Companies Rankingsxlsx
1Q2012Market Portfolioxlsx
FY2011Insurance market overview pdf
FY2011Market Portfolioxlsx
FY2011Insurance Companies Rankingsxlsx
3Q2011Market Portfolioxlsx
3Q2011Insurance Companies Rankingsxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
1H2009
Macedonian insurance market overviewpdf
1H2009 Market portfolio xls
1H2009 Life insurance rankingsxls
1H2009
Non-Life insurance rankings xls
2009Macedonian insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls
1H2010Macedonian insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankings (total & main lines)xls




MACEDONIA: Triglav's unit triples after-tax profit in 2016

Macedonian non-life insurer Triglav Osiguruvanje, a unit of Slovenian insurance group Triglav, said its after-tax profit jumped to 54.6 million denars last year from 18.7 million denars in 2015. More
(02.03.2017)

MACEDONIA: Osiguruvanje Makedonija signs insurance contracts worth 6.7 mln euro with ELEM

Osiguruvanje Makedonija, a subsidiary of Vienna Insurance Group, said on Tuesday it has signed eight insurance services contracts with Macedonian state-owned power producer ELEM. More
(22.02.2017)

MACEDONIANS Spent EUR 20 Million on Life Insurance Policies in 2016

Over EUR 20 million have been paid by citizens who bought life insurance policies in one of the four insurance companies which offer this type of insurance in Macedonia in 2016. Around 10,000 new clients insured their lives which is a 20% rise as compared with 2015. More
(07.02.2017)

MACEDONIA: Insurance Market Grows by 4 Percent

The insurance market in Macedonia grew by about 4 percent in 2016, a rate that is lower than expected due to the tense political situation, the Macedonian Chamber of Commerce (SKM) informed on Monday. Klime Poposki, from the Insurance Supervision Agency said that there was a growth in accident insurance of 9.31 percent, while gross property insurance premiums dropped by 7.98 percent, while the number of contracts increased.
More
(09.01.2017)

MACEDONIA: Triglav unit 9-mo after-tax profit up on net premium income

Macedonian non-life insurer Triglav Osiguruvanje [MSEVROS], a unit of Slovenian insurance group Triglav, said its profit after-tax increased to 59.24 million denars (USD 1.07 million/962,300 euro) in the first nine months of the year from 40.56 million denars a year earlier mainly due to higher net premium income. More
(07.11.2016)

Macedonia and Croatia to Sign Agreement on Drivers Insurance

The National Insurance Bureau of the Republic of Macedonia and Croatian Insurance Bureau will sign Friday agreement on protection of visitors. The agreement will allow drivers from both countries to get information and effective compensation for any damage done in case of an accident.
More
(26.10.2016)

STATISTICS: MACEDONIA, 1H2016: Recently launched UL insurance products support the life insurance market's growth

The Macedonian insurance market saw a 4% y-o-y increase in the GWP volume, to EUR 72.7 million. In absolute terms, the life and non-life insurance segments' contribution to the GWP growth was fairly equal. Still, in relation to the size of the two business lines, the growth in life insurance was the most impressive. More
(06.10.2016)

MACEDONIA's Euroins Osiguruvanje Jan-August premium income falls 3.8% y/y

The premium income of Macedonian insurer Euroins Osiguruvanje decreased by 3.8% year-on-year to 5.9 million euro for the first eight months of 2016, parent company Eurohold Bulgaria [BUL:4EH] has said. More
(26.09.2016)

Macedonia once again dealing with the natural forces' rage: 5.3 magnitude earthquake in Skopje, on Sunday

Just one month after the severe flooding which hit the country on August 6th, the citizens of the Macedonian capital city, Skopje, have been confronted once again with the natural forces' rage as a 5.3 magnitude earthquake struck on Sunday, fortunately without devastating effects. More
(12.09.2016)

Macedonia in need of aid after the severe flooding of August 6th

Macedonia's Ministry of Interior said that at least 21 people have died in flooding that hit the capital, Skopje and its surroundings last week. At least 6 are still missing and it is feared that the death toll could rise further. Police in Macedonia said that over 50 people have been injured in the floods. More
(10.08.2016)

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