North Macedonia
STATISTICS: MACEDONIA, 1Q2018: MTPL provides for 38% of market GWP and generates half of the paid claims volume
Macedonian insurers reported GWP worth EUR 38.4 million, 5.5% up y-o-y in 1Q2018, half of the market growth being owed to the MTPL insurance class and to the life insurance segment, which provided for about 40% of the premiums volume increase.
19 July 2018Macedonia: Memorandum of Cooperation with the Turkish insurance market's authority signed in Skopje
On July 2, a Memorandum of Cooperation between the Macedonian Insurance
Supervision Agency and the Regulatory Authority for Insurance
Supervision of Turkey was signed in Skopje, by Mr.Klime POPOSKI,
President of the Council of Experts (Macedonia) and Ahmet GENK, Vice
President (Turkey).
5 July 2018Insurer Osiguruvanje Makedonija triples Q1 non-cons net profit
Insurer Osiguruvanje Makedonija, a subsidiary of the Vienna Insurance Group (VIG), said on Wednesday that its non-consolidated net profit rose to 32.6 million denars (530,600 euro) in the first quarter of the year from 11.2 million denars in the prior-year period.
2 May 2018STATISTICS: MACEDONIA, FY2017: More than 57% of concluded contracts are related to motor classes
The Macedonian insurance market totalled MKD 8.99 billion (EUR 146.24 million) at the end of 2017, up by 3.10% y-o-y, according to data published by the local Insurance Supervision Agency.
22 March 2018Liberalizing MTPL Insurance Market in Macedonia FIRST Initiative Funded Project World Bank
20 March 2018SAVA 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.
15 March 2018STATISTICS: Macedonia, 3Q2017: The share of motor classes increased to 54% of total market
Macedonian insurers reported 3Q2017 aggregate GWP of MKD 6.8 billion (EUR 110.6 million), 2.7% more y-o-y, according to the market figures provided by the Insurance Supervision Agency of Macedonia.
7 December 2017MACEDONIA: Insurer Osiguruvanje Makedonija's 9-mo after-tax profit falls
Non-life insurer Osiguruvanje Makedonija, a subsidiary of the Vienna Insurance Group (VIG), said its after-tax profit fell to 56.4 million denars (91,700 euro) in the first nine months of 2017, from 88.0 million denars a year earlier.
13 November 2017MACEDONIA's Triglav Osiguruvanje 9-mo after-tax profit rises
Macedonian non-life insurer Triglav Osiguruvanje said on Monday its after-tax profit rose to 73.4 million denars (1.2 million euro) in the first nine months of the year from 59.2 million denars in the same period last year.
6 November 2017STATISTICS: MACEDONIA, 1H2017: Insurance brokers dominate life insurance distribution; direct sales preferred by non-life insurers
Macedonian insurers' GWP increased by 3.13% y-o-y, to MKD 4.62 billion (EUR 74.95 million) in 1H2017, according to the market data provided by the country's insurance supervisory agency.
5 October 2017STATISTICS: MACEDONIA, 1Q2017: Gross written premiums up by 4.68% y-o-y
At the end of March 2017, the Macedonian insurance market totaled about MKD 2.24 billion (EUR 36.37 million), up by 4.68% y-o-y, according to data provided by the local Insurance Supervision Agency.
28 September 2017MACEDONIA: Triglav unit appoints new executive director
Macedonian non-life insurer Triglav Osiguruvanje [MSE:VROS], a unit of Slovenian insurance group Triglav, said it has appointed Rok Pivk as second executive director.
19 September 2017STATISTICS: GWP of EUR 142 million for MACEDONIAN insurers in 2016
Insurance market of Republic of Macedonia grew by about 5% in 2016 to MKD 8.7 billion (~ EUR 142 million) with a concurrent increase of 7.74% in the number of insurance contracts, according to data provided by the local Insurance Supervision Agency.
11 May 2017MACEDONIA: Osiguruvanje Makedonija's after-tax profit plunges in Q1
Macedonian non-life insurer Osiguruvanje Makedonija, a subsidiary of Vienna Insurance Group (VIG), said on Thursday its after-tax profit for the first quarter more than halved to 11.2 million denars (182,800 euro) from 24.4 million denars a year ago.
10 May 2017MACEDONIA: Triglav's unit triples after-tax profit in 2016
Macedonian non-life insurer Triglav Osiguruvanje, a unit of Slovenian
insurance group Triglav, said its after-tax profit jumped to 54.6
million denars last year from 18.7 million denars in 2015.
2 March 2017MACEDONIA: Osiguruvanje Makedonija signs insurance contracts worth 6.7 mln euro with ELEM
Osiguruvanje Makedonija, a subsidiary of Vienna Insurance Group, said on Tuesday it has signed eight insurance services contracts with Macedonian state-owned power producer ELEM.
22 February 2017MACEDONIANS 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.
7 February 2017MACEDONIA: 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.
9 January 2017MACEDONIA: 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.
7 November 2016Macedonia and Croatia to Sign Agreement on Drivers Insurance
The National Insurance Bureau of the Republic of Macedonia and Croatian
Insurance Bureau will sign Friday agreement on protection of visitors. The
agreement will allow drivers from both countries to get information and
effective compensation for any damage done in case of an accident.
26 October 2016
