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

1H2017Market portfolioxlsx
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FY2015Market Portfolioxlsx
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FY2014Market Portfolioxlsx
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3Q2014
Insurance Companies Rankingsxlsx
3Q2014Market Portfolioxlsx
1H2014Insurance market overview pdf
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1Q2014Market portfolioxlsx
1Q2014Insurance companies rankingsxlsx
FY2013Insurance market overview pdf
FY2013Market Portfolioxlsx
FY2013Insurance Companies Rankingsxlsx
3Q2013Market Portfolioxlsx
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1H2013Insurance market overview pdf
1H2013Market Portfolioxlsx
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FY2012Insurance market overview pdf
FY2012Market Portfolioxlsx
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3Q2012Market Portfolioxlsx
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1H2012Insurance Companies Rankingsxlsx
1H2012Market Portfolioxlsx
1H2012Insurance market overview pdf
1Q2012Insurance Companies Rankingsxlsx
1Q2012Market Portfolioxlsx
FY2011Insurance market overview pdf
FY2011Market Portfolioxlsx
FY2011Insurance Companies Rankingsxlsx
3Q2011Market Portfolioxlsx
3Q2011Insurance Companies Rankingsxlsx
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

STATISTICS: MACEDONIA 3Q2014: life insurance strives to reach 10% market weight

The Macedonian insurance market ended the first three quarters of 2014 with an almost 6% increase in GWP, to EUR 95 million. In relative terms, life insurance saw the highest growth rate, recording a GWP amount higher by 21.6% as compared with 3Q2013. Yet, in absolute figures, the main source of growth remained the non-life segment, especially the MTPL and damages to property lines.

MACEDONIA's Euroins Osiguruvanje 11-mo premium income up 13.7%

The premium income of Macedonian insurer Euroins Osiguruvanje climbed by 13.7% to 7.6 million euro in the first eleven months of 2014, its parent, Eurohold Bulgaria, said. The premium income of Skopje-based Euroins Osiguruvanje from third-party liability insurance was up by 8.5% to 4.9 million euro through November, financial and insurance group Eurohold Bulgaria said in a notice filed with the Sofia bourse on Tuesday.

VIG's MACEDONIAN life-insurance units in portfolio transfer deal

Insurer Osiguruvanje Makedonija said on Wednesday it signed a contract with local peer Winner Life, both part of Vienna Insurance Group (VIG), for the transfer of its life insurance portfolio. The agreement will come into force after permission was granted by Macedonia's Insurance Supervision Agency, Osiguruvanje Makedonija said in a bourse filing.

Double-digit increase for the Macedonian market in Q1

Macedonian insurance companies posted consolidated gross written premiums of MKD 1.95 billion (EUR 31.6 million) in 1Q2014, up 11% y-o-y, the market figures published by Insurance Supervision Agency indicated. Non-life insurance premiums accounted for 93.5% of the total, supported by the heavy contribution of motor insurance classes (46% of total), property (~25%) and accidents (more than 10%).

MACEDONIA: VIG's insurance premiums up 2.6% to EUR 117mn in 2013

Macedonian insurance companies recorded gross written premiums of MKD 7.19bn (EUR 117mn) in 2013, up 2.6% y/y, the country's insurance supervision agency said. Non-life insurance premiums edged up 0.8% to MKD 6.46bn, whereas life insurance premiums climbed 22% to MKD 729.5mn.

REP. MACEDONIA, FY2013: Insurance market returns to profit after two years of losses

The Macedonian insurance market totaled MKD 7.19 billion (~EUR 117 million) at the end of December 2013, 2.6% up y-o-y, according to the data provided by the Insurance Supervisory Authority. Regarding the profit-loss account, "I would like to emphasize that after two years of showing losses at industry level, in 2013 the insurance sector achieved profits in the amount of MKD 211.70 million (~EUR 3.44 million)", has declared exclusively for XPRIMM, Mr. Klime POPOSKI, President, Insurance Supervision Agency Macedonia.