In terms of GWP, significant growth rates were reported on GTPL segment (+11.1%), damages to property line (+10.6%) and MTPL (+4.9%), while the fire and allied perils class and motor hull were reported negative dynamics: -5.2% and -4.3% y-o-y. In case of claims paid by insurers, the value recorded on fire and allied perils segment almost doubled (to EUR 4.2 million), while on the damages to property class was reported a 48% growth rate.
At the end of 2014, Top 3 life insurers consisted of CROATIA, GRAWE and WINNER VIG. Together, the three mentioned insurers accounted for 95% of the life insurance business. The non-life sector was led by the local subsidiary of Slovenian TRIGLAV (17% market share) followed by the two units of Austrian VIG: OSIGURUVANJE MAKEDONIA (12.9%) and WINNER (10.4%).
Access www.xprimm.com and download the FY2014 Macedonian insurance market statistics.
Market portfolio (in MKD and EUR):
- Gross written premiums
- Paid claims
- Growth rates
- Life insurance
- Non-life insurance