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FYROM, FY 2012: Life and property, the 2012 stars of the insurance market
An almost 3% growth in GWP, to EUR 113.95 million, driven by the positive development of the property insurance and life insurance lines - these are the main 2012 coordinates of one of the smallest CEE markets, FYROM. According to data provided by the supervising authority, the main growth factors were: introduction of new innovative products, enlargement of the risk coverage, development of alternative distribution channels and broader insurance awareness of the potential policy holders.
25 April 2013MACEDONIA: Osiguritelna POLISA 2012 audited net profit rises 52%
Macedonian non-life insurance company Osiguritelna Polisa said its net profit rose to 67 million denars (USD1.4 million/1.1 million euro) in 2012 from 44.2 million denars a year earlier.
24 April 2013QBE Makedonija deal raises VIG market share to over 20%
Austria's Vienna Insurance Group (VIG) said on Tuesday it has completed the acquisition of a majority stake in QBE Makedonija, raising its share in the Southeast European country to a marketing-leading 20% plus.
10 April 2013MACEDONIA: VIG acquired 92.9% of QBE Makedonija
Austria's Vienna Insurance Group (VIG) acquired 92.9% of Macedonian
insurer QBE Makedonija for some 1.4 billion denars (EUR 21.7 million),
the Macedonian financial regulator said on Friday.
1 April 2013MACEDONIA: VIG gets regulatory nod for QBE takeover bid
Macedonia's financial regulator said it allowed Austria's Vienna Insurance Group (VIG) to launch a takeover bid for all the shares issued by local insurer QBE Makedonija.
6 March 2013MACEDONIA, 3Q2012: The figures continued to show the market potential
In January-September 2012, Macedonian insurers wrote MKD 5.3 billion in premiums (EUR 86.2 million), which represented an increase of 2.6%, as the figures published by the Insurance Supervision Agency of Macedonia showed. Regarding the market dynamics, the Macedonian insurance market reported a continual growth on both segments: non-life insurance premiums increased by 1.4%, while life insurance premiums increased by 20.6%.
17 January 2013MACEDONIA: OHRIDSKA Banka launches credit life insurance service
Macedonia's OHRIDSKA Banka has launched a credit life insurance service, the first product of this kind on the local market, it said.
14 December 2012MACEDONIA: SAVA Re completes recapitalisation of SAVA Osiguruvanje
Slovenian reinsurer SAVA Re said on Tuesday it has completed the recapitalization of its Macedonian unit SAVA Osiguruvanje with EUR 2.0 million.
29 October 2012MACEDONIA: EUROINS Osiguruvanje 9-mo premium income up 6.1%
The premium income of Macedonian insurer EUROINS Osiguruvanje rose 6.1% to EUR 5.8 million (USD 7.5 million) in the first nine months of 2012, its Sofia-based parent company, EUROHOLD Bulgaria, said on Tuesday.
17 October 2012VIG to acquire 75% of QBE Makedonija
VIENNA Insurance Group signed an agreement to acquire around 75% of the
voting rights with the Macedonian insurer QBE Makedonija. The transaction is
subject to regulatory approval.
25 September 2012MACEDONIAN insurers GWP grew by 7.3% in Q1
Macedonian insurance companies posted combined gross written premiums of MKD 1.71 billion (EUR 27.7 million) in 1Q2012, up from MKD 1.59 billion a year earlier, Insurance Supervision Agency figures indicated. Non-life insurance premiums accounted for 93.5% of the total insurance premiums (MKD 1.60 billion), while the life insurance segment accounted for the remainder of the market (MKD 110 million).
21 September 2012MACEDONIA: Triglav Osiguruvanje eyes MKD 40 million (EUR 650,410) profit in 2012
Macedonian non-life insurer Triglav Osiguruvanje plans to close the year
with a profit of 40 million denars (USD 807,970/EUR 650,410), it said.
31 August 2012MACEDONIA: Euroins Osiguruvanje H1 premium income up 5.18% y/y
The premium income of Macedonian insurer Euroins Osiguruvanje rose by an annual 5.18% to 3.707 million euro in the first half of 2012, its Sofia-based parent company Eurohold Bulgaria said on Monday.
13 August 2012MACEDONIA: End-June mandatory pension fund assets rise 2.6% m/m
The net assets managed by Macedonia's two mandatory pension funds totalled 18.6 billion denars ($373 million/302 million euro) at the end of June, up 2.6% on the month, official data showed.
13 July 2012MACEDONIA: End-May Mandatory Pension Fund Assets Rise 1.3% M/M
The net assets managed by Macedonia's two mandatory pension funds totalled 18.12 billion denars ($372.3 million/294.1 million euro) at the end of May, up 1.3% on the month, official data showed.
3 July 2012MACEDONIA: Sava Re Plans To Recapitalise Macedonian Unit in Q4
Slovenian reinsurer Sava Re plans to recapitalise its Macedonian unit in the fourth quarter of 2012, a senior official from the parent company said on Monday.
20 June 2012MACEDONIA: Triglav Osiguruvanje Turns to Q1 Loss
Macedonian non-life insurer Triglav Osiguruvanje said it turned to a net loss of some 49.1 million denars ($995,730/796,590 euro) in the first quarter of 2012 from a net profit of 184.5 million denars a year earlier.
20 June 2012MACEDONIA: Macedonia's Croatia Osiguruvanje-Zivot 2011 Net Profit Rises 2.5%
Macedonian life insurer Croatia Osiguruvanje-Zivot said its audited net profit rose to 14.3 million denars ($290,660/231,945 euro) in 2011 from 13.9 million denars a year earlier.
7 June 2012MACEDONIA: Osiguritelna Polisa 2011 net profit rises 3.8%
Macedonian non-life insurance company Osiguritelna Polisa said its audited net profit rose to 44.2 million denars ($949,690/717,960 euro) in 2011 from 42.6 denars a year earlier.
9 May 2012MACEDONIA: Insurer Kjubi Makedonija Turns to Loss in 2011
Osiguruvanje Kjubi Makedonija said last year it turned to a net loss of 70.13 million denars ($1.5 million/1.1 million euro) from its non-life insurance operations and to a net loss of 1.579 million denars on the life insurance segment.
26 April 2012
