North Macedonia's insurance companies reported aggregate FY2022 gross written premiums worth MKD 12.78 billion (EUR 207.92 million), up by 9.94% y-o-y, according to the year-end market figures published on the country's Insurance Supervision Agency website.

Non-life GWP increased by 9.15% y-o-y to MKD 10.50 billion, while premiums in the life insurance segment totaled MKD 2.27 billion, up by 13.72% y-o-y.

Claims paid by insurers increased by 9.62% to MKD 5.11 billion (EUR 83.15 million), of which MKD 4.40 billion - non-life payments and MKD 0.71 billion - life indemnities.

The largest non-life insurer in the country was the local subsidiary of Slovenian Triglav Group - Triglav Osiguruvanje (14.44% market share), while Croatia Osiguruvanje part of Croatia osiguranje Group - held the largest market share on life segment - 31.62%.

Access www.xprimm.com and download the FY2022 Macedonian insurance market statistics.