North Macedonia

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Location map
author: OCHA/ ReliefWeb


Location:
- Southeastern Europe;
- Neighbours: Greece, Albania, Kosovo, Serbia, Bulgaria.

Climate:
- warm, dry summers and autumns;
- relatively cold winters with heavy snowfall.

Natural hazards:
- high seismic risks.

Macro indicators
* 2018 estimates
Surface:25,713km2
Population*:2.1million
Pop. density*:80.9people/km2
GDP*:10.7EUR billion
GDP/capita*:5,170.0EUR

European Union:
Official candidate

Currency: Denar
Code: MKD
Since: 1993


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:17%
TOTAL NON-LIFE*:83%
Overall Property*:17%
Overall Motor*:52%


Sources:



 


STATISTICS: NORTH MACEDONIA FY2025: Positive dynamic driven mostly by property and motor insurance

North Macedonia's insurance companies reported aggregate FY2025 business worth MKD 17.93 billion (~EUR 291.6 million), up by 12.3% y-o-y, according to the preliminary year-end market figures published on the country's Insurance Supervision Agency website. Claims paid by insurers increased by 8.3% to MKD 6.8 billion (~EUR 110.5 million), of which MKD 5.22 billion - non-life payments and MKD 1.22 billion - life indemnities.