Darko Blaevski SORS 2010, 09 11. 06. 2010 SORS 2010, 09 11. 06.
2010 INSURANCE MARKET IN REPUBLIC OF MACEDONIA IN 2009 INSURANCE
MARKET IN REPUBLIC OF MACEDONIA IN 2009
Slide 2
Insurance market profile Regulatory body Insurance Supervision
Agency (from 01.11.2009) Ministry of finance of the Republic of
Macedonia prepare regulative Insurance market participants 13
Insurance undertakings ( 11 non life ; 2 life) 12 Insurance
brokerage companies 5 Insurance agencies 115 Insurance brokers 1787
Insurance agents Capital EUR 61,66 millions ( 53,9 non life; 7,76
life) Total number of employees in the insurance industry:
1.283
Slide 3
Gross Written Premium Ratios Gross Written Premium : > 2009:
101,06 millions (96,15 non life ; 4,92 life ) > 2008: 105,02
millions (100,67 non life ; 4,34 life ) Total Gross Written Premium
09/08: (- 3,38%) non life premium 09/08: (- 4,09%); life premium
09/08: (13,18%) Number of insurance contracts > 2009: 1.018.722;
2008: 943 225: insurance contracts 09/08: (8,00%) Insurance
penetration premiums in % of GDP Macedonia - 1,53 % of GDP World
7,07% EU 27 8,28% CE Europe 2,79% Density premiums per capita (in
EUR) Macedonia 49,44 EUR/capita World 442,11 EU 27 2135,09 CE
Europe 208,67
Slide 4
Insurance Market Ownership Structure
Slide 5
Market Concentration Market concentration: 3 insurance
companies participate with more than 10% Herfindahl index: 1234,94
(non life 1352,27, life 4496,42)