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N. Macedonia's insurers grow GWP 9.4% y/y in H1

N. Macedonia's insurers grow GWP 9.4% y/y in H1 Ken Teegardin/CC BY-SA 2.0

SKOPJE (N. Macedonia), August 19 (SeeNews) - North Macedonia's insurance companies posted combined gross written premiums (GWP) of 6.5 billion denars ($105.7 million/104.8 million euro) in the first half of 2022, up from 5.9 billion denars in the same period of 2021, data by the country’s Insurance Supervision Agency showed.

Non-life insurance premiums increased 8% year-on-year to 5.4 billion denars in the six months through June, while premiums in the life insurance segment went up 17.2% to 1 billion denars, according to figures released by the Insurance Supervision Agency earlier this week.

Triglav Osiguruvanje, part of Slovenian insurance group Triglav, had the largest market share among the non-life insurers in the first half of 2022, as its gross written premiums reached 843.12 million denars.

In the life insurance segment, Croatia Osiguruvanje - Life held the largest market share with gross written premiums of 332.44 million denars in the January-June period.

The report includes data on eleven non-life insurers and five life insurers.

(1 euro = 61.62 denars)

Triglav Osiguruvanje AD is among the biggest insurers in SEE, for more reference take a look at Top 100 insurers