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Macedonian insurers H1 gross written premiums rise 11%

Macedonian insurers H1 gross written premiums rise 11%

SKOPJE (Macedonia), September 23 (SeeNews) – Macedonian insurance companies posted combined gross written premiums of some 4.0 billion denars ($84 million/65 million euro) in the first half of 2014, up from 3.6 billion denars a year earlier, the country’s Insurance Supervision Agency said.

Non-life insurance premiums totalled 3.59 billion denars in the six months through June, up 8.8% on the year, data of the Insurance Supervision Agency’s half-year report indicated on Monday.

The life insurance segment accounted for the remainder with combined gross written premiums of 384.8 million denars, up from 321 million denars in the same period of 2013.

Sixteen insurance companies operate in Macedonia, including five active in the life insurance segment.

Macedonia has a population of around 2.0 million.

(1 euro=61.5290 Macedonian denars)

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