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 = 61.4814 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

FY2016Market Portfolioxlsx
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FY2015Market Portfolioxlsx
FY2015Insurance Companies Rankingsxlsx
3Q2015Market portfolioxlsx
3Q2015Insurance Companies Rankingsxlsx
1H2015Market portfolioxlsx
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FY2014Market Portfolioxlsx
FY2014Insurance Companies Rankingsxlsx
3Q2014
Insurance Companies Rankingsxlsx
3Q2014Market Portfolioxlsx
1H2014Insurance market overview pdf
1H2014Market portfolioxlsx
1H2014Insurance companies rankingsxlsx
1Q2014Market portfolioxlsx
1Q2014Insurance companies rankingsxlsx
FY2013Insurance market overview pdf
FY2013Market Portfolioxlsx
FY2013Insurance Companies Rankingsxlsx
3Q2013Market Portfolioxlsx
3Q2013Insurance Companies Rankingsxlsx
1H2013Insurance market overview pdf
1H2013Market Portfolioxlsx
1H2013Insurance Companies Rankingsxlsx
1Q2013Insurance Companies Rankingsxlsx
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FY2012Insurance market overview pdf
FY2012Market Portfolioxlsx
FY2012Insurance Companies Rankingsxlsx
3Q2012Market Portfolioxlsx
3Q2012Insurance Companies Rankingsxlsx
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


FY2016 Market Portfolio

FY2016 Insurance Companies Rankings

MACEDONIA, FY2011: Figures untouched by global crisis

Figures released by the Insurance Supervision Agency in respect of insurance companies in Macedonia show an increase of 5.02% in total gross premiums written (GPW) over the period 2010 - 2011. The increase in GPW was primarily due to the authorization of new undertakings, and also because many insurers exhibited significant increases in premiums written over the previous year.

MACEDONIA: 3Q results reconfirm market potential

At the end of the first nine months of 2011, Macedonian insurance companies reported a growth of 9.8 percent y-o-y (in local currency). In the analyzed period, premiums reached MKD 5.17 billion or EUR 84 million, informed the Macedonian Insurance Supervision Agency. Non-life insurance sector accounted for MKD 4.86 billion of the total sum, while the remaining MKD 307 million pertains to life insurance premiums. Most insurance policies were signed for motor insurance (58.6%), property insurance (19.5%) and accidents insurance (8.2%). The overall value of claims paid increased by 5.7% to MKD 2.14 billion (EUR 34.7 million).

MACEDONIA: EUR 2 million of Albanian investments in Macedonia in a year

Interest of Albanians in investments in Macedonia has increased. In the past ten months of the year, they have invested some EUR 2 million in Macedonia, confirmed Macedonian economy minister Valjon Saracini, adding that Albanian businessmen have shown the most interest in investments in construction, insurance, hotel industry and Macedonian agriculture.

MACEDONIA: Police arrested in accident scam

Macedonian authorities say 29 people, including 17 police officers, have been arrested on allegations they staged car accidents to collect on insurance claims.

MACEDONIA: Winner osiguranje with 100,000 new customers

A few days ago, Winner osiguranje celebrated a very successful business year, in which the insurance company acquired trust of 100,000 new customers. Continuous growth that Winner osiguranje has achieved in the past few years clearly points to the superior position of the company on the Macedonian insurance market.

MACEDONIA: Triglav osiguranje with profit in Macedonia

Gross premiums of insurance companies Vardar osiguranje increased by 5 percent in the first six months this year, compared to last year when the company reported premiums of EUR 11.2 million. In the first three quarters of this year, the insurer made a profit of EUR 35 million, which is one tenth higher than in the same period last year.