The value of paid claims by insurers increased 12.7% to MKD 1.5 billion (EUR 25.6 million). According to Macedonian ISA, motor vehicle insurance was prevalent in the total with 61%, of which about 49% - Motor TPL insurance and 12% - voluntary motor hull insurance.
In the non-life insurance segment, TRIGLAV remained the market leader (17.6% market share) followed by OSIGURUVANJE MAKEDONIJA and EUROLINK, with a 14.0% and 13.7% market share, respectively.
In the life insurance segment, GRAWE leads the field (42.9% market share) followed by CROATIA (41.3%), while the other two players (WINNER and UNIQA) accounted toghether for about 15.7% market share.
Access www.xprimm.com and download the 1H2015 Macedonian insurance market statistics.
Market portfolio (in MKD and EUR):
- Gross written premiums
- Paid claims
- Growth rates
- Life insurance
- Non-life insurance