Life insurance segment recorded a 9.64% y-o-y GWP growth rate, to MKD 1.83 billion, representing about 17.3% of total market. At the same time, the non-life insurance classes increased by 5.99% y-o-y, reaching MKD 8.75 billion, of which more than MKD 4.57 billion was related to Motor TPL subclass (52% of non-life GWP).
The aggregate value of payments increased by 2.87% to MKD 4.03 billion, of which MKD 347 million - Life indemnities, while on the non-life segment the volume of claims paid by insured totaled MKD 3.68 billion, of this total about 56% being related settled on Motor TPL claim files.
The largest life insurers in the country were CROATIA, GRAWE and WINNER VIG, the mentioned companies accounting for about 90% of the life insurance business. The non-life sector was led by TRIGLAV (16.28% market share) followed by EUROLINK (11.27%) and MAKEDONIJA-VIG (10.60%).
Access xprimm.com and download the latest Macedonian insurance market statistics.