Transcript of Darko Blaževski SORS 2010, 09 – 11. 06. 2010 SORS 2010, 09 – 11. 06. 2010 INSURANCE MARKET IN...
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- 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
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- 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
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- 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
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- Insurance Market Ownership Structure
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- Market Concentration Market concentration: 3 insurance
companies participate with more than 10% Herfindahl index: 1234,94
(non life 1352,27, life 4496,42)
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- Capital and Solvency Margin
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- Gross Written Premiums per Class of Insurance
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- Special Attention: Third-Party Liability Insurance Third-Party
Liability Insurance Premium 09/08: (- 11%) Third-Party Liability
Insurance Contracts 09/08: (+ 5,68%)
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- Structure of investments from the assets covering technical
reserves
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- Structure of investments from the capital
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- Profitability
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- Profitability - Ratios
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- Loss Ratios
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- Technical Reserves
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- Thank you! INSURANCE SUPERVISION AGENCY Vasil Glavinov No.12,
TCC Plaza, 2nd floor 1000 Skopje, Macedonia Tel: +389 2 3254 050
Fax: +389 2 3290 240 E-mail: contact@aso.mk www.aso.mk