Macedonia

Location:
Southeastern Europe, north of Greece

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

Natural hazards:
high seismic risks



Currency: Denar (MKD)

1 EUR = 61.4812 Denars, MKD (December 31st, 2016)
1 EUR = 61.5947 Denars, MKD (December 31st, 2015)
1 EUR = 61.4814 Denars, MKD (December 31st, 2014)
1 EUR = 61.5113 Denars, MKD (December 31st, 2013)
1 EUR = 61.5000 Denars, MKD (December 31st, 2012)
1 EUR = 61.5050 Denars, MKD (December 31st, 2011)
1 EUR = 61.5050 Denars, MKD (December 31st, 2010)

Sources:
Insurance Supervision Agency
Ministry of Finance of the Republic of Macedonia
National Bank of the Republic of Macedonia
Insurance Companies Association

Insurance statistics

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FY2014Market Portfolioxlsx
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3Q2014
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1H2014Insurance market overview pdf
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FY2013Insurance market overview pdf
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1H2013Insurance market overview pdf
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FY2012Insurance market overview pdf
FY2012Market Portfolioxlsx
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FY2011Insurance market overview pdf
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3Q2011Market Portfolioxlsx
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1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
1H2009
Macedonian insurance market overviewpdf
1H2009 Market portfolio xls
1H2009 Life insurance rankingsxls
1H2009
Non-Life insurance rankings xls
2009Macedonian insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls
1H2010Macedonian insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankings (total & main lines)xls


1H2017 Insurance Companies Rankings

1H2017 Market portfolio

See all statistics

MACEDONIA's Euroins Osiguruvanje premium income up 6.9% y/y in Jan-Feb

The premium income of Macedonian insurer Euroins Osiguruvanje rose 6.9% on the year to 1.3 million euro in the January-February period, its parent company Eurohold Bulgaria said. Skopje-based Euroins Osiguruvanje's premium income from third-party liability insurance increased by an annual 3.4% to 749,000 euro in the two-month period, financial and insurance group Eurohold Bulgaria said in a notice filed with the Sofia bourse.

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

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.

MACEDONIA: Euroins Osiguruvanje Q1 premium income up 20.5%

The premium income of Macedonian insurer Euroins Osiguruvanje soared by 20.5% to 1.84 million euro in the first three months of 2015, its parent, Eurohold Bulgaria, said on Friday. The premium income of Skopje-based Euroins Osiguruvanje from third-party liability insurance was up by 21.8% to 1.1 million euro through March, financial and insurance group Eurohold Bulgaria said in a notice filed with the Sofia bourse.

STATISTICS: MACEDONIA FY2014: Preliminary figures indicate significant growth rates in property claims

The preliminary FY2014 statistics indicate for the Macedonian insurance market a total GWP volume of EUR 124 million, 6.1% up y-o-y. Life insurance segment generated a 21.8% y-o-y growth rate (to EUR 14.5 million), while the non-life insurance classes increased by 4.3% y-o-y to EUR 109.6 million. At the "claims chapter", the aggregate value increased by 3.2% to almost EUR 50 million. Life indemnities' volume went down by 10.6% y-o-y to EUR 1.7 million, while on the non-life segment the aggregate growth rate was 3.8% (to EUR 48 million).