Gross written premiums of Macedonian insurers up 2.6% y/y in Jan-Sep 2012.

By bne IntelliNews December 20, 2012
Gross written premiums of Macedonian insurance companies increased by 2.6% y/y to MKD 5.3bn (EUR 86.1mn) in the first nine months of 2012, according to data of the insurance supervision agency. Premiums in non-life insurance sector edged up by 1.4% y/y to MKD 4.93bn in Jan-Sep, while life insurance premiums expanded by 20.4% y/y to MKD 370mn. The regulator comments that 11 companies offered non-life insurance this year, while four were active in the life insurance segment. The top four general insurers in the country controlled 53.2% of the market - Triglav Osiguruvanje (18%), Eurolink (12.7%), QBE (11.3%) and Sava (11.2%). The life insurance segment was dominated by Grawe (46.3% share) and Croatia Life (43.8%).

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