NORTH MACEDONIA: total number of citizens with private health insurance in 2021 increased by 60%

10 March 2022 — Marina MAGNAVAL
More than 23,000 persons used private health insurance last year to cover the costs of medical services. Nine insurance companies paid EUR 3.4 million for medical expenses covered by private health insurance. Total number of citizens who have private health insurance in 2021 increased by 60% and exceeded 182,000 insured persons, the Insurance Supervision Agency (ISA) said.

Private health insurance remains the fastest growing insurance product since the beginning of the pandemic. Last year, more than 18,000 private health insurance contracts were concluded, bringing the number of active contracts in the segment to 62,000, according to official data from ISA.

In private health insurance, 10 non-life insurance companies last year collected a total of MKD 405 million (EUR 6.6 million), which means an increase of 48% compared to 2020.

Insurance companies paid over 23,000 claims in 2021 to cover the costs of insured citizens in private health insurance. The number of claims doubled compared to 2020. Nine non-life insurance companies paid over MKD 211 million (EUR 3.4 million), which means that the amount paid to cover medical expenses last year doubled as well.

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