STATISTICS: Macedonia, 3Q2018: Local insurance market expanded to EUR 120 million

Macedonian insurers nine-months 2018 aggregate GWP amounted MKD 7.4 billion (~EUR 120 million), 8.9% more y-o-y, according to the market figures provided by the Insurance Supervision Agency of Macedonia.

Non-life GWP dominated the market portfolio accounting more than 85% of the total GWP (MKD 6.3 billion, or EUR 102 million), the remaining share of 15% being represented by the life insurance segment: GWP of MKD 1.1 billion (EUR 18 million).

Non-life sub-classes with a dominant share were MTPL (44% of total), property (17.8%), MoD (8%) and GTPL (2.3%).

TRIGLAV (18.1% market share), EUROLINK (13.3%) and MAKEDONIJA (11.6%) were the largest non-life insurers, while CROATIA (45.9%) and GRAWE (30.9%) and WINNER VIG (16.2%) were the top 3 life insurers.

Access www.xprimm.com and download the 3Q2018 Macedonian insurance market statistics.

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