North Macedonia Insurance Industry – Key Trends and Opportunities to 2028
Powered by ![]()
All the vital news, analysis, and commentary curated by our industry experts.
North Macedonia Insurance Market Report Overview
The gross written premium (GWP) of the North Macedonian insurance market was MKD14.3 billion ($251.9 million) in 2023. The market will achieve a CAGR of more than 9% during 2024-2028. The North Macedonia insurance market research report provides in-depth market analysis, information, and insights into the North Macedonia insurance industry. It provides a detailed outlook by product category and values for key performance indicators such as gross written premium, premium accepted and ceded, profitability ratios, and premium by line of business, during the review and forecast periods.
North Macedonia Insurance Market Outlook, 2023-2028 (MKD Billion)
Buy the Full Report for More Insights into the North Macedonia Insurance Market Forecast
Download a Free Report Sample
The North Macedonia insurance market report also analyzes distribution channels operating in the segment and gives a comprehensive overview of North Macedonia’s economy and demographics. It further evaluates the competitive landscape, which entails information on segment dynamics, competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations and recent changes in the regulatory structure.
| Market Size (2023) | MKD14.3 Billion ($251.9 Million) |
| CAGR (2024-2028) | >9% |
| Forecast Period | 2024-2028 |
| Historical Period | 2019-2023 |
| Key Segments | · General Insurance
· Life Insurance |
| Key Companies | · Croatia Insurance
· GRAWE Insurance · Wiener’s Life · Triglav Osiguruvanje · UNIQA Life |
| Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
North Macedonia Insurance Market Trends
The key trends impacting the North Macedonian insurance market are digitalization, home insurance, and health insurance.
On April 1, 2024, Triglav Insurance introduced a new digital service through OneID, enabling clients to easily and securely file health insurance claims online. This service enhances customer convenience and improves internal operations by allowing easy submission and tracking of reimbursement requests.
Buy the Full Report for More Insights on Trends Shaping the North Macedonia Insurance Market
Download a Free Report Sample
North Macedonia Insurance Market by Segments
The key segments in the North Macedonia insurance market are life insurance and general insurance. The general insurance sector was the major contributor to the North Macedonia GWP share in 2023. The key lines of business (LoB) within the general insurance market are property, motor, MAT, general insurance PA&H, liability, and miscellaneous insurances. Motor insurance had the highest share in the general insurance industry GWP in 2023.
North Macedonia Insurance Market Analysis by Segments, 2023 (%)
Buy the Full Report for More Segment Insights into the North Macedonia Insurance Market
Download a Free Report Sample
North Macedonia Insurance Market – Competitive Landscape
In 2023, Triglav Osiguruvanje was the leading insurer in North Macedonia general insurance market
A few of the key companies in the North Macedonia General insurance market are:
- Triglav Osiguruvanje
- Eurolink Insurance
- UNIQA Life
- Sava Insurance
- Wiener Insurance
North Macedonia General Insurance Market Analysis by Companies, 2023 (%)
Buy the Full Report for More Company Insights into the North Macedonia General Insurance Market or Download a Free Report Sample
North Macedonia Insurance Market – Latest Developments
- On January 11, 2024, the ISA issued a circular aligning the country’s insurance accounting and reporting regulations with International Financial Reporting Standard 17. The move is in line with the provisions of Article 122(1) of the Insurance Supervision Law, which mandates the agency to regulate the accounting and financial reporting of insurance companies in the country.
North Macedonia Insurance Market Segments Outlook (Value, MKD Billion, 2019-2028)
- Life Insurance
- General Insurance
Scope
- This report provides a comprehensive analysis of the North Macedonian insurance industry.
- It provides historical values for the review period and projected figures for the forecast period for North Macedonia’s insurance industry.
- It offers a detailed analysis of the key categories in the North Macedonia insurance industry and market forecasts up to 2028.
- It profiles the top life insurance companies in North Macedonia and outlines the key regulations affecting them.
Key Highlights
- Key insights and dynamics of North Macedonia’s insurance industry.
- A comprehensive overview of the North Macedonian economy, government initiatives, and investment opportunities.
- The North Macedonia insurance regulatory framework’s evolution, key facts, taxation regime, licensing, and capital requirements.
- The North Macedonia insurance industry’s market structure gives details of lines of business.
- The North Macedonia reinsurance business’s market structure gives details of premium ceded along with cession rates.
Reasons to Buy
- Make strategic business decisions using in-depth historical and forecast market data related to North Macedonia’s insurance industry, and each category within it.
- Understand the demand-side dynamics, key market trends, and growth opportunities in the North Macedonia insurance industry.
- Assess the competitive dynamics in the North Macedonia insurance industry.
- Identify growth opportunities and market dynamics in key product categories.
Eurolink Insurance
UNIQA Life
Sava Insurance
Wiener Insurance
Insurance Macedonia
Croatia Insurance
Euroins Insurance
Table of Contents
Frequently asked questions
-
What was the North Macedonia insurance market gross written premium in 2023?
The gross written premium of the North Macedonia insurance market was MKD14.3 billion ($251.9 million) in 2023.
-
What will the growth rate of the North Macedonia insurance market be during the forecast period?
The insurance market in North Macedonia is expected to achieve a CAGR of more than 9% during 2024-2028.
-
Which segment dominated the North Macedonia insurance market in 2023?
The general insurance segment dominated the North Macedonia insurance market in 2023.
-
Which are the major companies operating in the North Macedonia general insurance market?
A few of the key companies in the North Macedonia general insurance market are Croatia Insurance, GRAWE Insurance, Wiener’s Life, Triglav Osiguruvanje, UNIQA Life, and others.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Related reports
View more Insurance reports

