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

1H2017Market 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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FY2013Insurance market overview pdf
FY2013Market Portfolioxlsx
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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
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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
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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

MACEDONIANS Spent EUR 20 Million on Life Insurance Policies in 2016

Over EUR 20 million have been paid by citizens who bought life insurance policies in one of the four insurance companies which offer this type of insurance in Macedonia in 2016. Around 10,000 new clients insured their lives which is a 20% rise as compared with 2015.

MACEDONIA: Insurance Market Grows by 4 Percent

The insurance market in Macedonia grew by about 4 percent in 2016, a rate that is lower than expected due to the tense political situation, the Macedonian Chamber of Commerce (SKM) informed on Monday. Klime Poposki, from the Insurance Supervision Agency said that there was a growth in accident insurance of 9.31 percent, while gross property insurance premiums dropped by 7.98 percent, while the number of contracts increased.

MACEDONIA: Triglav unit 9-mo after-tax profit up on net premium income

Macedonian non-life insurer Triglav Osiguruvanje [MSEVROS], a unit of Slovenian insurance group Triglav, said its profit after-tax increased to 59.24 million denars (USD 1.07 million/962,300 euro) in the first nine months of the year from 40.56 million denars a year earlier mainly due to higher net premium income.