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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