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.

Non-life GWP increased by 12.8% y-o-y to MKD 14.74 billion, while premiums in the life insurance segment totaled MKD 3.19 billion, up by 10.22% y-o-y. Property insurance saw an impressive 22% GWP growth, driven by an even higher increase in fire insurance GWP (36.77%). However, the largest contribution, in absolute terms, was provided by ,otor insurance, especially the MTPL insurance class,

The largest non-life insurer in the country was MAKEDONIJA Insurance Skopje, member of the Vienna Insurance Group (15.47% market share) – the company resulted following the merger of the two VIG local subsidiaries in 2024, while Croatia Osiguruvanje part of Croatia osiguranje Group - held the largest market share on life segment – 29.4%.

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