STATISTICS: MACEDONIA, H1: Preliminary figures show a 8.3% y-o-y increase in GWP

24 September 2015 — Vlad BOLDIJAR
In January-June 2015, Macedonian insurers reported gross written premiums of MKD 4.3 billion (about EUR 70 milion) or 8.3% more y-o-y, as the preliminary figures provided by the Insurance Supervision Agency showed. As in previous periods, non-life insurance premiums dominated the market portfolio, and accounted for 89.2% of total GWP, of which about 39% was related to Motor TPL policies, 26.5% - property lines and 8.0% - motor hull.

The value of paid claims by insurers increased 12.7% to MKD 1.5 billion (EUR 25.6 million). According to Macedonian ISA, motor vehicle insurance was prevalent in the total with 61%, of which about 49% - Motor TPL insurance and 12% - voluntary motor hull insurance.

In the non-life insurance segment, TRIGLAV remained the market leader (17.6% market share) followed by OSIGURUVANJE MAKEDONIJA and EUROLINK, with a 14.0% and 13.7% market share, respectively.

In the life insurance segment, GRAWE leads the field (42.9% market share) followed by CROATIA (41.3%), while the other two players (WINNER and UNIQA) accounted toghether for about 15.7% market share.

Access and download the 1H2015 Macedonian insurance market statistics.

Market portfolio (in MKD and EUR):
  • Gross written premiums
  • Paid claims
  • Growth rates
Market rankings (GWP/Market shares/Growth rates):
  • Life insurance
  • Non-life insurance