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.

The market portfolio structure recorded a slight change in the balance between life and non-life insurance segments weights in the portfolio. Continuing the trend established in the first quarter of the year, life insurance premiums saw a double-digit growth (14.4% up y-o-y), to EUR 28.96 million. As a result, life insurance accounted for 18.8% of the market portfolio, which by 2.5 percentage points more y-o-y.

Non-life insurance saw an overall negative change in gross written premiums, recording a 3.5% decrease y-o-y, to EUR 125.19 million. The main driver of the negative trend was the property insurance segment which recorded a 23% decrease in GWP, mostly coming from the fire insurance LoB. The negative trend in property insurance was partially offset by the GWP growth for motor insurance, both lines (Motor Hull and MTPL insurance) recording a positive evolution. Overall, motor insurance GWP rose by 7.24% y-o-y, to EUR 65 million.

Paid claims went up by 2.8% y-o-y, mostly driven by the increased volume of paid indemnities for life insurance.

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