Insurers of North Macedonia have written gross premiums worth EUR 223.77 million in 3Q 2025, which is almost 13%% more y-o-y, maintaining a positive trend. Paid claims increased by ~11%, to EUR 78 million.

The market portfolio structures remained quasi unchanged, with non-life insurance maintaining a dominant position (83.5%). The only notable change was recorded for the fire insurance which increased its share in the market portfolio by about 2 percentage points y-o-y, as GWP for this class rose three times faster than the market aggregate growth rate (40.3% vs. 13%).

Premiums written for life insurance only increased by 10.2%, to EUR 36.8 million. The high growth rate seen in property insurance is a very good news, on the condition the trend will persist. However, the is still a large protection gap in place.

Access www.xprimm.com and download the North Macedonian insurance market statistics.