STATISTICS: GWP of MACEDONIAN insurers up by more than 10% in Q1

Macedonian insurers posted aggregate gross written premiums of EUR 34.86 million (MKD 2.14 billion) at the end of March 2015, according to figures published on the Insurance Supervisions Agency website. The mentioned figure is about 10.2% higher y-o-y. The value of paid claims increased by 16.4% y-o-y to EUR 13.3 million.

On the main insurance classes, life segment accounted for 9.2% of total market (EUR 3.20 million, up by 19.8% y-o-y), the rest being generated by non-life sub-classes: EUR 31.65 million, or 9.3% more y-o-y).

The non-life GWP portfolio consisted of about 43% - motor insurance (of which 34% - MTPL), 30% - property classes (of which about 23% - other damages to property insurance), 9.5% - accidents, 3.1% - GTPL, the remaining 5% being accounted by other non-life policies.

On insurance companies, of all four life insurers, the market leader was GRAWE (~44.5% market share), followed by CROATIA (41.3%), WINNER (8.9%) and UNIQA (5.3%). The market leader in non-life insurance was EUROLINK (18.1% market share), followed by TRIGLAV (16.4%) and WINNER (11.8%).

Access www.xprimm.com and download the 1Q2015 Macedonian insurance market statistics.

Market portfolio (in MKD and EUR):
  • Gross written premiums
  • Paid claims
  • Growth rates
Market rankings (GWP/Market shares/Growth rates):
  • Life insurance
  • Non-life insurance

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

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