STATISTICS: North Macedonian insurers business increased to over EUR 200 million in 2022

23 February 2023 —
STATISTICS: North Macedonian insurers business increased to over EUR 200 million in 2022
North Macedonia's insurance companies reported aggregate FY2022 gross written premiums worth MKD 12.78 billion (EUR 207.92 million), up by 9.94% y-o-y, according to the year-end market figures published on the country's Insurance Supervision Agency website.

Non-life GWP increased by 9.15% y-o-y to MKD 10.50 billion, while premiums in the life insurance segment totaled MKD 2.27 billion, up by 13.72% y-o-y.

Claims paid by insurers increased by 9.62% to MKD 5.11 billion (EUR 83.15 million), of which MKD 4.40 billion - non-life payments and MKD 0.71 billion - life indemnities.

The largest non-life insurer in the country was the local subsidiary of Slovenian Triglav Group - Triglav Osiguruvanje (14.44% market share), while Croatia Osiguruvanje part of Croatia osiguranje Group - held the largest market share on life segment - 31.62%.

Access www.xprimm.com and download the FY2022 Macedonian insurance market statistics.

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