STATISTICS:

Macedonia in need of aid after the severe flooding of August 6th

Macedonia's Ministry of Interior said that at least 21 people have died in flooding that hit the capital, Skopje and its surroundings last week. At least 6 are still missing and it is feared that the death toll could rise further. Police in Macedonia said that over 50 people have been injured in the floods.

A severe thunderstorm brought torrential rainfall during the night between 6 and 7 August, 2016, which left some areas around the city under 1.5 meters of flood water. According to WMO figures, as much as 92.9 mm of rain fell was recorded in Skopje-Zajcev Rid in just a few hours, during the said night, actually representing the rainfall which the region would normally see in the three months of summer, between August and October. However, there are other reports suggesting the amount of rainfall was much higher.

The worst hit were the northern suburbs of Skopje and some of the near villages. Floods caused major damages to buildings and the road network, including parts of the city's ring road. Photos from the Ministry of Interior showed cars that had been swept away by flood water for hundreds of meters, at least 70 vehicles being trapped by flooding in the Stajkovci area. Police also reported major damage to cars and property, including some homes which have been destroyed. "This is a catastrophe of unprecedented proportion," Deputy Prime Minister Nikola Todorov said.

While the neighbouring Bularia has sent four emergency rescue teams to help the citizens of Macedonia's capital Skopje tackle the consequences of devastating floods, the EU's Civil Protection Mechanism has been activated and the first EU experts are deployed onsite in Macedonia.

"The EU stands ready to support the former Yugoslav Republic of Macedonia at this time of need. Right now we are in contact with the national authorities in Skopje and the other participating states in the Mechanism to coordinate a swift response to the request. We are already sending a humanitarian expert today and a civil protection team will follow as of tomorrow. I encourage offers of assistance to come in as quickly as possible. We're also prepared to provide humanitarian assistance in case needed," Christos Stylianides, EU Commissioner for Humanitarian Aid and Crisis Management, said.

In fact, although it is early for any atempt of quantifying the losses, it is already clear that both financial and humanitarian assistance are needed. Unfortunately insurance has a very little say in this respect, as property insurance has a very low penetration in the local market, so that properties are almost entirely uninsured. As a result, recovery financing in the floods aftermath remains a matter for the public spending and the financial aid that Macedonia will hopefully be able to get.

Financial donations should be addressed to:

The Macedonian Red Cross


Bank name: Komercijalna Banka AD Skopje
Bank address: ul. Orce Nikolov No. 3 1000 Skopje, Macedonia
Bank account: 30000000000013325730522-11
SWIFT Code: KOBSMK2X
IBAN Code: MK07300701000001228

Video footage realized by the Macedonian Police Department



Photos provided by the Macedonian Ministry of Interior

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

SAVA Re entered the Macedonian pension market

Slovenian SAVA Re announced it got the approval from the Macedonian Agency for Supervision of Fully Funded Pension Insurance (MAPAS) and the required approvals from other competition authorities for the acquisition of NLB Nov penziski fond AD Skopje.

2018-03-15

ON THE MOVE

TOP EVENT

photodune-3834701-laughing-girl-xs

LIVE from Monte Carlo: The 62nd edition of the "Rendez-Vous de Septembre"

The 62nd edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers starts Sunday in Monte Carlo. XPRIMM Publications covering the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel, as well as at the most important venues in Monte Carlo.

13.09.2018

Willis Re - Market still soft, but functional

Despite the high losses from 2017 the reinsurance market is still soft, James KENT, Global Chief Executive Officer (CEO) of Willis Re stated at a press briefing in Monte Carlo.

10.09.2018

AIR launches severe thunderstorm model

Catastrophe risk modeling firm AIR Worldwide released a new severe thunderstorm model for Europe. Together with AIR's Extratropical Cyclone Model for Europe and European flood models, this new model now allows for a comprehensive assessment of atmospheric risk in this region.

10.09.2018

See all