Premium revenues of VIG's Macedonian operations up by 52% y/y in H1 2011.

By bne IntelliNews August 18, 2011
The gross written premiums of Vienna Insurance Group (VIG) in Macedonia increased by 52% y/y to EUR 4.7mn in H1, according to data published by VIG. In Macedonia, VIG owns the non-life insurer WINNER (formerly Sigma), which it started to consolidate in 2009. As recalled, a newly founded life insurance company WINNER Life, a unit of VIG, has launched operations in Macedonia in February 2011. Nevertheless, VIG reports premium revenues only from non-life insurance in Macedonia for the first half of this year. The profit before taxes from local operations has tripled y/y to EUR 0.3mn in H1.

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss