North Macedonia
STATISTICS: NORTH MACEDONIA, 1H2026: market remains in negative territory, driven by property insurance lines
Insurers of North Macedonia have written gross premiums worth EUR 154.15 million in the first half of 2026, which is 0.6% less y-o-y, while paid claims increased by ~2.8%, to EUR 55.34 million. While the market trend remains slightly negative, it improved in comparison with the first quarter of the year.
27 August 2026NORTH MACEDONIA: Alta Grupa takes over ZOIL Makedonija AD Bitola
Alta Group, owned by entrepreneur Davor Macura, has acquired insurer ZOIL Makedonija AD Bitola, becoming the owner of all its shares, osiguranje.hr wrote. Following the acquisition, the insurer was renamed Alta Osiguranje AD Skopje. Once the regulatory procedures are completed, the company will offer non-life insurance products.
13 August 2026STATISTICS: NORTH MACEDONIA 1Q2026: after the spectacular growth in Q12025, fire insurance lost traction
Insurers of North Macedonia have written gross premiums worth EUR 76.24 million in the quarter of 2026, which is 4.4% less y-o-y, while paid claims increased by ~1%, to EUR 26.02 million.
11 June 2026NORTH MACEDONIA: ISA and CPC strengthen institutional cooperation
The Insurance Supervision Agency (ISA) of North Macedonia and the Commission for Protection of Competition (CPC) are deepening their cooperation to protect the rights of insured persons, ISA said on its website.
28 April 2026EERIA Summer School 2026 to bring insurance professionals to Ohrid this June
The EERIA Summer School 2026 will take place on 22–26 June 2026 in Ohrid, continuing its tradition of fostering dialogue and knowledge exchange across the insurance sector.
19 March 2026STATISTICS: NORTH MACEDONIA FY2025: Positive dynamic driven mostly by property and motor insurance
North Macedonia's insurance companies reported aggregate FY2025 business worth MKD 17.93 billion (~EUR 291.6 million), up by 12.3% y-o-y, according to the preliminary year-end market figures published on the country's Insurance Supervision Agency website. Claims paid by insurers increased by 8.3% to MKD 6.8 billion (~EUR 110.5 million), of which MKD 5.22 billion - non-life payments and MKD 1.22 billion - life indemnities.
5 March 2026NORTH MACEDONIA: Triglav Osiguruvanje’s net profit more than doubled in 2025
Net profit of the North Macedonia's Triglav Osiguruvanje, part of Slovenian insurance group Triglav, more than doubled to MKD 106.5 million (EUR 1.7 million) in 2025 from MKD 52.4 million for the previous year, SeeNews writes.
9 February 2026STATISTICS: NORTH MACEDONIA, 3Q2025: demand for property insurance remains high
Insurers of North Macedonia have written gross premiums worth EUR 223.77 million in 3Q 2025, which is almost 13%% more y-o-y, maintaining a positive trend. Paid claims increased by ~11%, to EUR 78 million.
29 January 2026NORTH MACEDONIA: North Macedonia's UNIQA starts the year with a name change
North Macedonia’s insurer UNIQA AD Skopje has changed its name to SIGAL Insurance Group AD Skopje following its sale by Austria’s UNIQA, SeeNews reported.
19 January 2026NORTH MACEDONIA: 10 insurers fined for coordinating premium increases
North Macedonia's Commission for Protection of Competition (CPC) announced that it has fined ten local insurance companies a total of MKD 17.27 million for coordinating increases in car insurance premiums, SeeNews writes.
11 December 2025EERIA 2025 Annual Research Conference: innovation, collaboration, and the future of insurance
by Dr. sci. Safet Kozarevic, Professor, Faculty of Economics, University of Tuzla
29 October 2025STATISTICS: NORTH MACEDONIA, 1Q2025: increasing demand for property insurance
Insurers of North Macedonia have written gross premiums worth EUR 79.7 million in the three months of 2025, which is 18.07% more y-o-y, maintaining the pace established in Q1 2024. Paid claims increased by ~10%, to EUR 25.8 million.
28 August 2025EERIA Summer School 2025 heads to Ohrid with focus on innovation and regulation in insurance
Following the success of its inaugural edition, the EERIA Summer School returns this July to the picturesque city of Ohrid, Macedonia, promising another week of in-depth learning, strategic insights, and professional networking for insurance experts across Europe and beyond.
24 May 2025NORTH MACEDONIA: Makedonija Osiguruvanje plans to distribute EUR 1.46 million as dividend for 2024
North Macedonia's Makedonija Osiguruvanje, member of the Vienna Insurance Group and one of the largest insurers in the country, will propose to its shareholders to distribute MKD 90.1 million (~EUR 1.46 million) as dividend for 2024, SeeNews writes.
13 May 2025STATISTICS: North Macedonia FY2024: Non-life market ranking changed after the merger of the two VIG subsidiaries
North Macedonia's insurance companies reported aggregate FY2024 business worth MKD 15.97 billion (~EUR 259.7 million), up by 11.3% y-o-y, according to the preliminary year-end market figures published on the country's Insurance Supervision Agency website.
19 March 2025NORTH MACEDONIA: in 2024, the assets of the insurance sector go up 8.2% y-o-y
The assets managed by insurance companies operating in North Macedonia amounted to MKD 37.3 billion (EUR 605.6 million) at the end of 2024, which is 8.2% more y-o-y, SeeNews writes with reference to the central bank.
10 March 2025STATISTICS: North Macedonia 3Q2024: double digit growth rates on most insurance lines
Macedonian insurers reported aggregate nine-months 2024 aggregate GWP worth MKD 12.18 billion (~EUR 198.17 million), 12.6% more y-o-y, according to the preliminary market figures provided by the Insurance Supervision Agency of North Macedonia.
5 December 2024STATISTICS: North Macedonia, 1H2024: property insurance is voluntary insurance most popular class
North Macedonia's insurance market rose 10.66% to EUR 132.27 million, while in national currency the market growth rate was almost same (+10.49%). Claims paid by insurers increased by 2.92% to EUR 46.71 million, of which EUR 38.30 million were paid in non-life insurance and EUR 8.41 million – life indemnities.
9 October 2024NORTH MACEDONIA: in summer months travel insurance reached EUR 2 million (+6%)
Total premiums paid by citizens in travel insurance for traveling abroad in June, July and August reached EUR 2 million, which is 6% more y-o-y. At the same time, paid claims in travel insurance, for this period, increased by 89% and reached EUR 560,000, the Insurance Supervision Agency (ASO) informed.
26 September 2024STATISTICS: NORTH MACEDONIA, 1Q2024: increasing demand for property insurance
Insurers of North Macedonia have written gross premiums worth EUR 67.5 million in the three months of 2024, which is 18.5% more y-o-y. Paid claims increased by 7.5%, to EUR 23.47 million.
4 September 2024
