insurance bulletin of the republic of macedonia 9 - nibm…€¦ · e-mail: [email protected]...

INSURANCEBULLETIN OFTHE REPUBLICOF MACEDONIA2009

Skopje, April 2010

Published by:

National Insurance Bureauof R.MacedoniaMetropolit Teodosij Gologanov str.,28/IVMK - 1000 SkopjePost box 472MACEDONIA

Tel. (+389 2) 3 136 172; 3 132 214Fax: (+389 2) 3 136 172 ext: 113 & 115E-mail: [email protected]

Insurance Bulletin2009 - Skopje

Assigned for the Insurance companies;It can be used by quoting the source

Table of Content

Foreword ........................................................................................................................... 5

Indicators for development .............................................................................................. 6

Introduction in insurance ................................................................................................. 8

Structure of premium and claims ..................................................................................... 9

Annual growth rate – insurance ..................................................................................... 10

Premium and claims per insurance classes ..................................................................... 11

Market share ................................................................................................................... 16

Reinsurance premium and claims .................................................................................. 19

Stipulated and earned premium ......................................................................................21

Settled and reserved claims ............................................................................................ 22

Insurance Companies

A.D. ”QBE Makedonija .................................................................................................... 23

A.D. “VARDAR” ................................................................................................................ 24

A.D. “EUROINS” ............................................................................................................... 25

A.D. “SAVA TABAK” ......................................................................................................... 26

A.D. “WINNER”................................................................................................................ 27

A.D. “EUROLINK” ............................................................................................................. 28

A.D. “INSIG” .................................................................................................................... 29

A.D. “UNIQA” .................................................................................................................. 30

A.D. “INSURANCE POLICY” ...............................................................................................31

A.D. “ALBSIG” .................................................................................................................. 32

A.D. “CROATIA Property Insurance” ............................................................................... 33

A.D. “CROATIA Life Insurance” ....................................................................................... 34

A.D. “GRAWE” ................................................................................................................. 35

Primary indicators per insurance companies ................................................................. 36

Compulsory insurance .................................................................................................... 39

Green card and border insurance .................................................................................. 40

Guaranty fund ................................................................................................................. 41

Correspondent agreements ............................................................................................ 44

Central register ............................................................................................................... 45

Broker insurance companies

EURO EKSPERTS .............................................................................................................. 47

EUROMAK ...................................................................................................................... .47

WIASS .............................................................................................................................. 48

IN-BROKER ...................................................................................................................... 48

WFP ................................................................................................................................. 49

MOBILITY ......................................................................................................................... 49

SEDA ................................................................................................................................ 50

A-TIM .............................................................................................................................. 50

DELTA INS ......................................................................................................................... 51

NASE OSIGURUVANJE ...................................................................................................... 51

JDB .................................................................................................................................. 52

Dear Madam/Sir,

This year, as in the years before, we turn to the movement in the field of Insurance and Reinsurance in 2009.

Giving detailed review of the situation in the insurance, with precise analysis for each insurance company separately, we offer you the possibility to get the primary information for the actual situation in the field of the Insurance in the Republic of Macedonia. Hence, any abuse of the real view of the insurance is not possible.

It is my real pleasure to point out that the National Insurance Bureau finished the year of 2009 as a successful year as to fulfillment of its legal authorizations , as well as to realizations which are prescribed by the Statute and the National Insurance Bureau Agreement.

Also, during 2009 a new Insurance company was established in the market. Thus, the competition in the Insurance business was largely increased, and at the same time some conditions for higher quality offer of the insurance products were created, as well as higher quality and more updated services. For the above mentioned, beside the efforts of the management teams and all of the employees in the Insurance companies, of great importance is the implementation of the Application for issue of the Third Party Liability policies and green card.

In the Bulletin, beside the data for the Insurance companies, one can also find data for the broker companies established in the territory of our country.

I hope that the present Bulletin, as a single one of this type in our country, will provide you with the required information and you will receive a real view for the results of each Insurance company,accordingly.

Sincerely yours,

Jonce Popovski Director

-4

-2

0

2

4

6

8

10

-3

-2

-1

0

1

2

3

4

5

Кв.1

2007 Кв.2

Кв.3

Кв.4

Кв.1

2008 Кв.2

Кв.3

Кв.4

Кв.1

2009 Кв.2

Кв.3

Кв.4

Primaren i sekundaren sektor (leva skala)

Uslugi (leva skala)

BDP (desna skala)

Indicators for development of the R. of Macedonia in 2009

The economy in the Republic of Macedonia, after the decrease in the fourth quarter of 2008, as a

consequence of the economic crisis, starts the year of 2009 with a reduced demand. The global

economic and financial crisis has a negative effect on the economy, as a result of which the domestic

economy activity was decreased. The negative realizations were typical at the beginning of the year, and

the most intensive fall in the economy was evident during the third quarter (real increase of the

economy of 1.2%)1. The main economic sectors in 2009 have negative realizations compared to the

previous year.

Rates of the real increase of GDP2

‐‐‐ Primary and secondary sector ‐‐‐ GDP The domestic economy (GDP) has the highest fall in the third quarter, 1.8%, and in the fourth quarter of

2009 there is an increase of 1.2%. The annual fall of BDP in 2009 is at average of 0.7%. Compared to the

countries of the region, the Macedonian economy experienced a relatively small contraction of the

economic activity. In one part, it could be explained with the low integration, as a result of which there

was no sudden collapse of the external financial support of the economy3.

1 Source: NBRM 2 According to the preliminary results of the National statistics department 3 Source: NBRM

0,0%

20,0%

40,0%

60,0%

80,0%

100,0%

BT GV KU OH PP SK SR ŠT TE VETPL Green Card

In 2009, in the territory of the Republic of Macedonia were sold 11,692 new vehicles, 10.547 of which

are passenger vehicles, and the remaining 1.145 are commercial. Compared to 2008, there is a decrease

of 51.7% regarding vehicles sale. The largest number of sold vehicles are of German production, namely

3.904 or 33,4%; vehicles of French production 2.087 ( 17,8%), and 1.950 ( 16,7%) vehicles are of Korean

production. The largest number of vehicles were sold in Skopje 6.677 (64,3 %), 580 (5,6%) vehicles were

sold in Bitola, 523 (5%) were sold in Tetovo, and the remaining 2.603 ( 25%) throughout the other cities

of the country. In the territory of the Republic of Macedonia ,the largest number of TPL policies were

issued for the registration plates from Skopje ( 40%),Ohrid ( 9,8 %), Stip ( 8.9%) and Veles ( 8,6%).

Issued TPL and Green Cards

The largest number of issued green cards is to the policies with registration plates from Skopje, Tetovo, Veles and Ohrid.

Reported Claims

0,0%

10,0%

20,0%

30,0%

40,0%

50,0%

60,0%

70,0%

BT GV KU OH PP SK SR ŠT TE VEClaims

Insurance

In 2009, the insurance market in the Republic of Macedonia covered

thirteen companies; two of them are dealing only with life insurance. It

should be mentioned that in 2009 four new insurance broker companies

were established and the number of insurance agents and brokers has

increased. The total number of active insurance agents and brokers is

2200, out of which 700 were new in 2009.

This pinpoints the attractiveness

that is currently present

in the insurance

market.

2,80%

97,20%

4,15%

95,85%

4,87%

95,13%

0,00%

20,00%

40,00%

60,00%

80,00%

100,00%

120,00%

Life Insurance Property Insurance

Structure of premium

2007 2008 2009

4,70%

95,30%

3,38%

96,62%

3,30%

96,70%

0,00%

20,00%

40,00%

60,00%

80,00%

100,00%

120,00%

Life Insurance Property Insurance

Structure of claims

2007 2008 2009

Premium and claims 2009

The property insurance holds dominate portion of the total insurance premium for the corresponding year, movement that is in compliance with the previous years. It can be noted that compared with 2008, life insurance has been increased and it reaches 4.87% of the total premium.

Total amount of issued policies in 2009 was 1,018,624 out of which 995,904 policies are of property insurance, and the remaining 22,720 are of life insurance.

Out of 6,182,400,000 denars stipulated premium, 5,881,583,000 denars are stipulated from property insurance, while the remaining 300,817,000 denars are of life insurance. Out of 2,952,299,000 denars settled claims, 2,854,851,000 denars are claims from property insurance, while the remaining 97,448,000 denars are settled claims of life insurance.

The total amount of settled claims in 2009 is 46,845. The highest portion of settled claims (45,704) is of the class of property insurance, while the remaining 1,141 claims are of life insurance.

9

2.507.876

2.575.888

2.644.783

2.806.844

2.729.531

2.989.491

2.854.851

4.178.511

4.347.135

4.485.929

5.380.577

5.937.634

6.154.910

5.881.583

‐

2.000.000

4.000.000

6.000.000

8.000.000

10.000.000

2003 2004 2005 2006 2007 2008 2009

Property Insurance in 000 denars

Property Insurance Claims Property Insurance Premium

Insurance

Year

Gross stipulated premium in 000 den Gross settled claims in 000 den Index – annual movement

TOTAL Life

Insurance Property Insurance

TOTAL Life

Insurance Property Insurance

Life insurance Property insurance

Premium Claims Premium Claims

2003 4.283.947 105.436 4.178.511 2.560.204 52.328 2.507.876 ‐ ‐ ‐ ‐ 2004 4.452.975 105.840 4.347.135 2.653.849 77.961 2.575.888 100,4 149,0 104,0 102,7 2005 4.595.201 109.272 4.485.929 2.716.863 72.080 2.644.783 103,2 92,5 103,2 102,7 2006 5.496.246 115.669 5.380.577 2.915.938 109.094 2.806.844 105,9 151,4 119,9 106,1 2007 6.108.840 171.206 5.937.634 2.865.103 135.572 2.729.531 148,0 124,3 110,4 97,2 2008 6.421.580 266.670 6.154.910 3.094.026 104.535 2.989.491 155,8 77,1 103,7 109,5 2009 6.182.400 300.817 5.881.583 2.952.299 97.448 2.854.851 112,8 93,2 95,6 95,5

52.328 77.961 72.080

109.094 135.572

104.535 97.448

105.436 105.840 109.272

115.669

171.206

266.670 300.817

‐50.000

100.000 150.000 200.000 250.000 300.000 350.000 400.000 450.000

2003 2004 2005 2006 2007 2008 2009

Life Insurance in 000 denars

Life Insurnace Claims Life Insurance Premium

10

552.552 829.710 391.921

815.141

3.169.473

151.145 266.670

577.134 809.451 373.910

814.963

2.813.003

143.890 300.817 0500.000

1.000.0001.500.0002.000.0002.500.0003.000.0003.500.000

Accident Passenger vehicles (full coverage)

Insurance of property against fire and natural

disasters

Remaining property Insurance

Third party liability

Insurance (vehicles)

Tourist support Insurance

Life and Annuity Insurance

Premium per insurance classes for 2008 and 2009in 000 denars

2008 2009

Premium per insurance classes

The gross stipulated premium in 2009 has been decreased compared with the previous year. The highest decrease in the premium is of the insurance class “Third party motor liability insurance”.

Gross stipulated premium per classes in 000 denars

2008 2009 Premium 2009/2008

In 000 den Structure In 000 den Structure In %

Accident 552.552 8,60 577.134 9,34 104% Health Insurance 30.060 0,47 24.873 0,40 83% Passenger vehicles (full coverage) 829.710 12,92 809.451 13,09 98% Aircrafts (full coverage) 45.319 0,71 123.843 2,00 273% Marine Insurance (full coverage) 868 0,01 760 0,01 88% Transportation of goods (cargo) 74.778 1,16 66.953 1,08 90% Insurance of property against fire and natural disasters 391.921 6,10 373.910 6,05 95% Remaining property Insurance 815.141 12,69 814.963 13,18 100% Third party liability Insurance (vehicles) 3.169.473 49,36 2.813.003 45,50 89% Third party liability Insurance (aircrafts) 26.063 0,41 63.908 1,03 245% Third party liability Insurance (marine) 1.417 0,02 1.675 0,03 118% General Insurance Liability 51.740 0,81 64.366 1,04 124% Credit Insurance 1.305 0,02 109 0,00 8% Guaranty Insurance 211 0,00 220 0,00 104% Financial losses Insurance 13.207 0,21 2.524 0,04 19% Tourist support Insurance 151.145 2,35 143.890 2,33 95% Life and Annuity Insurance 266.670 4,15 300.817 4,87 113% Total Property Insurance 6.154.910 95,85 5.881.582 95,13 96%Life and Annuity Insurance 266.670 4,15 300.817 4,87 113%

Total 6.421.580 100.00 6.182.399 100.00 96%

11

441.767

791.750

184.138

359.750 178.884 190.701 161.659

261.591 357.766 241.467

‐

256.497

662.012

248.019

391.861

119.687 179.159 146.437 263.838 319.320

205.039 21.134

‐

200.000

400.000

600.000

800.000

QBE Vardar Euroins SavaTabak Winner Eurolink Insig Uniqa Insurance Policy

Albsig Croatia

In 000 denars

2008 2009

156.203 249.133

47.642

111.938 14.167

140.193

6.449 18.798

71.649

13.538

137.329

243.252

50.502 114.803

15.591

127.393

5.407 27.165 71.966

11.480

4.563

‐

50.000

100.000

150.000

200.000

250.000

300.000


Albsig Croatia

In 000 denars

2008 2009

186.972

93.055 29.594

383.732

52.937

35.402 2.541 7.021 23.887 172.198

127.759

25.442

354.848

65.307

29.908 10.967 23.729 2.325

1.419

‐

100.000

200.000

300.000

400.000

500.000


Albsig Croatia

In 000 denars

2008 2009

Third party motor liability insurance

Passenger vehicles (full coverage)

Remaining property insurance

12

Claims per insurance classes

Compared with 2008, the settled claims in 2009 have been decreased for 141.727.000 denars, or 5%. Highest portion of the settled claims is due to the insurance class third party motor liability insurance.

Settled claims per classes in 000 denars

2008 2009 Claims

2009/2008In 000 den Structure In 000 den Structure In %

Accident 384.564 12,43 354.233 12,00 92% Health Insurance 852 0,03 2.878 0,10 338% Passenger vehicles (full coverage) 489.178 15,81 529.979 17,95 108% Aircrafts (full coverage) 35.448 1,15 0,00 0% Marine Insurance (full coverage) 776 0,03 Transportation of goods (cargo) 4.556 0,15 5.031 0,17 110% Insurance of property against fire and natural disasters 119.559 3,86 74.788 2,53 63% Remaining property Insurance 323.823 10,47 384.619 13,03 119% Third party liability Insurance (vehicles) 1.608.929 52,00 1.481.132 50,17 92% Third party liability Insurance (aircrafts) 74 0,00 General Insurance Liability 4.923 0,16 5.662 0,19 115% Credit Insurance 2.594 0,08 11 0,00 0% Financial losses Insurance 919 0,03 296 0,01 32% Tourist support Insurance 14.146 0,46 15.372 0,52 109% Life and Annuity Insurance 104.535 3,38 97.448 3,30 93% Total Property Insurance 2.989.491 96,62 2.854.851 96,70 95%Life and Annuity Insurance 104.535 3,38 97.448 3,30 93%

Total 3.094.026 100,00 2.952.299 100,00 95%

384.564,00 489.178,00 119.559,00

323.823,00

1.608.929,00

14.146,00 104.535,00

354.233,00 529.979,00

74.788,00

384.619,00

1.481.132,00

15.372,00 97.448,00 0

500.000

1.000.000

1.500.000

2.000.000



disasters


Third party liability Insurance (vehicles)



Settled claims per classes for 2008 and 2009 in 000 denars

2008 2009

13

93.005 95.161

22.662 41.593

3.239

36.823

2.296 2.835

85.571

1.379 ‐

80.421 83.365

21.736 40.742

25.620 34.807

2.368 4.183

59.028

1.935

28 ‐

20.000

40.000

60.000

80.000

100.000


Albsig Croatia

In 000 denars

2008 2009

328.814

626.515

60.895 110.170

120.537

46.792

51.081 110.661

129.571 23.893 ‐

261.914

508.600

66.208 146.308

98.391

74.503

43.172 98.567

147.716

35.153

600 ‐

200.000

400.000

600.000

800.000


Albsig Croatia

In 000 denars

2008 2009

98.103

167.965

32.593

70.246

6.138

62.137 4.807

6.552

34.004 6.633

‐

86.903

169.177

36.169 82.629

12.662

74.416

4.028

16.365 42.293

5.251 86 ‐

50.000

100.000

150.000

200.000


Albsig Croatia

In 000 denars

2008 2009

Third party motor liability insurance

Passenger vehicles (full coverage)

Accident

14

577.134 809.451

373.910

814.963

2.813.003

143.890 300.817 354.233

529.979

74.788384.619

1.481.132

15.372 97.448‐

500.000

1.000.000

1.500.000

2.000.000

2.500.000

3.000.000



disasters





Premium and claims ‐ 2009 in 000 denars

Stipulated premium Settled claims

Premium and claims per insurance classes

The highest percent of the stipulated premium and the settled claims is out of the insurance class third party motor liability insurance. In comparison with 2008, there is a decrease of the participation of this class in the total premium, positive trend for the companies and indicator for the diversified portfolio. However, the negative side is that the same insurance class is participating in the settled claims with more than 50% and 52.7% in the stipulated premium.

Insurance classes ‐ 2009 Stipulated Premium Settled Claims Claims/ Premium

In 000 den Structure In 000 den Structure In % Accident 577.134 9,34 354.233 12,00 61,4%Health Insurance 24.873 0,40 2.878 0,10 11,6%Passenger vehicles (full coverage) 809.451 13,09 529.979 17,95 65,5%Aircrafts (full coverage) 123.843 2,00 ‐ ‐ 0,0%Marine Insurance (full coverage) 760 0,01 776 0,03 102,1%Transportation of goods (cargo) 66.953 1,08 5.031 0,17 7,5%Insurance of property against fire and natural disasters 373.910 6,05 74.788 2,53 20,0%Remaining property Insurance 814.963 13,18 384.619 13,03 47,2%Third party liability Insurance (vehicles) 2.813.003 45,50 1.481.132 50,17 52,7%Third party liability Insurance (aircrafts) 63.908 1,03 74 0,00 0,1%Third party liability Insurance (marine) 1.675 0,03 ‐ ‐ 0,0%General Insurance Liability 64.366 1,04 5.662 0,19 8,8%Credit Insurance 109 0,00 11 0,00 10,1%Guaranty Insurance 220 0,00 ‐ ‐ 0,0%Financial losses Insurance 2.524 0,04 296 0,01 11,7%Tourist support Insurance 143.890 2,33 15.372 0,52 10,7%Life and Annuity Insurance 300.817 4,87 97.448 3,30 32,4%Total Property Insurance 5.881.582 95,13 2.854.851 96,70 48,5% Life and Annuity Insurance 300.817 4,87 97.448 3,30 32,4%

Total 6.182.399 100,00 2.952.299 100,00 47,8%

15

0%

5%

10%

15%

20%

25%

0

Market

In 2009, the totalstipulateof the th

18,46%

14,74%

1

9,9

2,8%

5,8

Ma

share

Vardar, Savl stipulated ed premium ree leading

QBE

21,

21,29

1

Particip

4,9%

9%

%

8%

8,2%

4,0%

0,5%

arket sha

vaTabak andpremium. Infor the yearcompanies

Va

,31%

9%

2

pation ‐ top

2008

16,6%

1,8%

2,7%

are of th

d QBE are thn total, the r 2009. In cois decreased

ardar

15,63%

16,55%

3

five compan

14,7%

21,

6,7%

he stipul

he companieshare of theomparison wd, indicating

SavaTaba

9,44%

9,91%

nies for 2008

2009

,3%

lated pre

es that hold ese companwith the preg the high co

ak E

8

8,2

4

8 and 2009

emiums

QBE

Vard

Euro

Sava

Win

Euro

Insig

Uniq

Insu

Albs

Croa

Croa

Graw

the highestnies is 52.6%vious year tompetition i

urolink

8,96%

20%

5

s

E

dar

oins

aTabak

nner

olink

g

qa

urance Policy

sig

atia

atia Life Insuran

we

t market sha% out of the the market sin the marke

Insurance P

6

nce

are of total share et.

Policy

16

18,46% 21,31%

5,72%

15,63%

4,23%9,44% 2,96% 5,18%

8,96%

4,47%

0,00%1,42% 2,22%

14,74%

21,29%

6,72%

16,55%

4,94%9,91%

2,76%

5,82%8,20%

4,03%

0,54% 1,83% 2,67%

0%

5%

10%

15%

20%

25%


Albsig Croatia Croatia Life Insurance

Grawe

Market share for 2008 and 2009 in %

2008 2009

In 2009, QBE had the highest decrease in the market share of all insurance companies. Euroins, SavaTabak, Winner, Eurolink and Uniqa, as well as Croatia Life Insurance and Grawe have significant increase in the market share. Croatia the new established company in the Macedonian insurance market, in the first year of its operation participates with 0.54% in the total market share.

Insurance companies Insurance Premium in 000 denars Premium

Total Lfe Insurance Property Insurance Index

QBE 911.053 22.049 889.004 14,7

Vardar 1.316.168 ‐ 1.316.168 21,3

Euroins 415.385 ‐ 415.385 6,7

SavaTabak 1.023.383 ‐ 1.023.383 16,6

Winner 305.242 ‐ 305.242 4,9

Eurolink 612.959 ‐ 612.959 9,9

Insig 170.533 ‐ 170.533 2,8

Uniqa 359.773 ‐ 359.773 5,8

Insurance Policy 506.652 ‐ 506.652 8,2

Albsig 248.851 ‐ 248.851 4,0

Croatia 33.633 33.633 0,5

Croatia Life Insurance 113.436 113.436 ‐ 1,8

Grawe 165.332 165.332 ‐ 2,7

Total 6.182.400 300.817 5.881.583 100,0

17

4.283.947 4.452.975 4.595.201

5.496.2466.108.840

6.421.580 6.182.400

2.560.204 2.653.849 2.716.863 2.915.938 2.865.103 3.094.026 2.952.299

‐

1.000.000

2.000.000

3.000.000

4.000.000

5.000.000

6.000.000

7.000.000

2003 2004 2005 2006 2007 2008 2009

Historical movement in 000 denars

Gross stipulated premium Gross settled claims

59,76%

59,60%

59,12%

53,05%

46,90%

48,18%

47,75%

0%

10%

20%

30%

40%

50%

60%

70%

2003 2004 2005 2006 2007 2008 2009

Participation of the settled claims in the total stipulated premium %

Historical movements

Compared with 2008, the stipulated premium in 2009 is decreased for 239 million denars or

there is a decrease of 3.72%. Compared with 2008, the settled claims in 2009 have been

reduced for 141 million denars or decrease of 4.58%.

Year (000 denars) 2003 2004 2005 2006 2007 2008 2009

Gross stipulated premium 4.283.947 4.452.975 4.595.201 5.496.246 6.108.840 6.421.580 6.182.400

Gross settled claims 2.560.204 2.653.849 2.716.863 2.915.938 2.865.103 3.094.026 2.952.299

In percents 59,76% 59,60% 59,12% 53,05% 46,90% 48,18% 47,75%

18

4.283.947

4.452.975

4.595.201

5.496.246

6.108.840

6.421.580

6.182.400

715.059

685.592

571.860

602.481

756.616

636.904

904.795

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

2003200420052006200720082009

Participation of reinsurance in gross stipulated premium in 000 denars

Gross sipulated premium Reinsurance

16,69%

15,40%

12,44%

10,96%

12,39%

9,92%

14,64%

0%

5%

10%

15%

20%

2003 2004 2005 2006 2007 2008 2009

Reinsurance

The allocated gross premium in reinsurance is increased, compared with 2008, for 267 million denars, increase of 53.1%. Meanwhile, the contribution from the reinsurance has been increased for 14 million denars.

Year Gross premium – allocated in 000 denars Participation in claims

Total Life Property Total Life Property 2002 999.196 ‐ 999.196 672.309 ‐ 672.309 2003 715.059 ‐ 715.059 424.929 ‐ 424.929 2004 685.592 ‐ 685.592 277.668 ‐ 277.668 2005 571.860 ‐ 571.860 213.314 ‐ 213.314 2006 602.481 ‐ 602.481 78.324 ‐ 78.324 2007 756.616 4.048 752.568 144.723 385 144.338 2008 636.904 8.014 628.890 177.930 1.116 176.814 2009 904.795 9.115 895.680 192.079 846 191.233

Reinsurance coverage in 2009 is 14.64% of the gross stipulated premium.

19

2.560.204

2.653.849

2.716.863

2.915.938

2.865.103

3.094.026

2.952.299

424.929

277.668

213.314

78.324

144.723

177.930

192.079

0% 20% 40% 60% 80% 100%

2003

2004

2005

2006

2007

2008

2009

Reinsurance participation in settled claims in 000 denars

Gross settled claims Reinsurance participation in settled claims

16,60%

10,46%7,85%

2,69%

5,05%

5,75%

6,51%

0%

5%

10%

15%

20%

2003 2004 2005 2006 2007 2008 2009

Settled claims (reinsurers’ coverage)

The reinsurers’ participation in claims in 2009 is increased for 14 million denars, i.e. increase of 7,95% in compariston with 2008.

The participation of the reinsureres in 2009 is 6.51% of the gross settled claims.

Year Settled claims in 000 denars Reinsurance share in 000 denars % (rein. share/settled claims)

2003 2.560.204 424.929 16,60% 2004 2.653.849 277.668 10,46% 2005 2.716.863 213.314 7,85% 2006 2.915.938 78.324 2,69% 2007 2.865.103 144.723 5,05% 2008 3.094.026 177.930 5,75% 2009 2.952.299 192.079 6,51%

20

6.421.580

6.182.399

5.642.257

5.410.272

4.800.000 5.000.000 5.200.000 5.400.000 5.600.000 5.800.000 6.000.000 6.200.000 6.400.000 6.600.000

2008 2009

Stipulated and earned premium 2008 and 2009 in 000 denars

Stipulated premium Earned premium

Settled and earned premium

The earned premium in 2009 is 5.410.272.000 denars, 87.51% out of the stipulated premium. In 2008 the earned premium was 5.642.257.000 denars, 87.86% out of the stipulated premium.

Stipulated and earned premium per classes 2009

Stipulated premium Earned premium Earned/Stipulated

In 000 denars Structure In 000 denars Structure In %

Accident 577.134 9,34 528.936 9,78 92%Health Insurance 24.873 0,40 28.021 0,52 113%Passenger vehicles (full coverage) 809.451 13,09 786.733 14,54 97%Aircrafts (full coverage) 123.843 2,00 15.157 0,28 12%Marine Insurance (full coverage) 760 0,01 854 0,02 112%Transportation of goods (cargo) 66.953 1,08 61.161 1,13 91%Insurance of property against fire and natural disasters 373.910 6,05 264.552 4,89 71%Remaining property Insurance 814.963 13,18 580.310 10,73 71%Third party liability Insurance (vehicles) 2.813.003 45,50 2.669.474 49,34 95%Third party liability Insurance (aircrafts) 63.908 1,03 2.651 0,05 4%Third party liability Insurance (marine) 1.675 0,03 1.528 0,03 91%General Insurance Liability 64.366 1,04 39.978 0,74 62%Credit Insurance 109 0,00 1.240 0,02 1138%Guaranty Insurance 220 0,00 219 0,00 100%Financial losses Insurance 2.524 0,04 2.674 0,05 106%Tourist support Insurance 143.890 2,33 143.630 2,65 100%Life and Annuity Insurance 300.817 4,87 283.154 5,23 94%Total Property Insurance 5.881.582 95,13 5.127.118 94,77 87%Life and Annuity Insurance 300.817 4,87 283.154 5,23 94%

Total 6.182.399 100,00 5.410.272 100,00 88%

21

3.094.026

2.279.379

2.952.299

2.420.856

‐

500.000

1.000.000

1.500.000

2.000.000

2.500.000

3.000.000

3.500.000

2008 2009

Settled and Reserved Claims

Settled Claims Reserved Claims

Settled and reserved claims

The settled claims in 2009 are 2.952.299.000 denars 50,17% of which are of the insurance class – motor third party liability insurance. The same insurance class is participating with 68,15% in the settled claims.

Settled and reserved claims per classes 2009

Settled Claims Reserved Claims Reserved/ Settled

In 000 denars Structure In 000 denars Structure Participation

Accident 354.233 12,00 156.894 6,48 44,3Health Insurance 2.878 0,10 2.199 0,09 76,4Passenger vehicles (full coverage) 529.979 17,95 204.992 8,47 38,7Aircrafts (full coverage) ‐ ‐ 3.172 0,13 ‐Marine Insurance (full coverage) 776 0,03 130 0,01 16,8Transportation of goods (cargo) 5.031 0,17 2.953 0,12 58,7Insurance of property against fire and natural disasters 74.788 2,53 139.258 5,75 186,2Remaining property Insurance 384.619 13,03 179.624 7,42 46,7Third party liability Insurance (vehicles) 1.481.132 50,17 1.649.757 68,15 111,4Third party liability Insurance (aircrafts) 74 0,00 21.650 0,89 ‐Third party liability Insurance (marine) ‐ ‐ 6.008 0,25 ‐General Insurance Liability 5.662 0,19 36.129 1,49 ‐Financial losses Insurance 296 0,01 73 0,00 24,7Tourist support Insurance 15.372 0,52 8.744 0,36 56,9Life and Annuity Insurance 97.448 3,30 9.265 0,38 9,5Total Property Insurance 2.854.851 96,70 2.411.591 99,62 84,5Life and Annuity Insurance 97.448 3,30 9.265 0,38 9,5

Total 2.952.299 100,00 2.420.856 100,00 82,0

22

QBE MACEDONIA

11,86% 11,47% 10,04% 16,58% 38,64%12,79% 13,17% 10,29% 15,77% 37,26%14,06% 15,07% 13,38% 18,90% 28,15%

0%

50%

100%



disasters


Third party liability Insurance

(vehicles)

Participation of classes of insurance in premium

2007 2008 2009

24,2%

21,4%

18,5%

14,7%

0% 5% 10% 15% 20% 25%

2006

2007

2008

2009

Market share

General director

INSURANCE AND REINSURANCE Bosko Andov

Board of Directors: Bosko Andov Risto Sekulovski Andreja Josifovski John David Neal Doron Grossman

Daniel Carroll

Type: Joint‐stock company

Address: “11 Oktomvri” str. no.25, 1000 Skopje

Telephone: +3892 3 115 188

Fax: +3892 3 137 154

Web site: www.qbeeurope.com/makedonija

E – mail: [email protected]

Date of registration: 05.09.1999

Administrative expenses in 000 denars

Date of foundation: 01.03.1945

2007 2008 2009 740.397 671.721 445.262

Stipulated premium

in 000 denars

2007 2008 2009

1.306.854 1.185.729 911.053

Settled claims in 000 denars

2007 2008 2009 844,270 757.015 627.608

Full time employees: 303

Representative offices: 19

Foreign capital: 65.23%

Premium and claims per classes for 2009

Premium Claims In 000 denars Structure In 000 denars Structure

Accident 128.121 14,06 80.421 12,81 Passenger vehicles (full coverage) 137.329 15,07 86.903 13,85 Transportation of goods (cargo) 36.743 4,03 3.886 0,62 Insurance of property against fire and natural disasters 121.858 13,38 29.907 4,77 Remaining property Insurance 172.198 18,90 75.472 12,03 Third party liability Insurance (vehicles) 256.497 28,15 261.914 41,73 Tourist support Insurance 25.913 2,84 3.017 0,48 Life and Annuity Insurance 22.049 2,42 84.934 13,53 Total Property Insurance 889.004 97,58 542.674 86,47 Life and Annuity Insurance 22.049 2,42 84.934 13,53

Total 911.053 100,00 627.608 100,00

11,71% 9,82% 2,83% 11,80% 44,43%

12,29% 12,96% 4,44% 12,99% 43,44%

12,81% 13,85% 4,77% 12,03% 41,73%

0%

50%

100%



disasters



(vehicles)

Participation of classes of insurance in claims

2007 2008 2009

23

VARDAR

9,77% 11,78% 4,46% 6,49% 65,91%

10,42% 18,21% 5,53% 6,80% 57,87%9,98% 18,48% 5,31% 9,71% 50,30%

0%

50%

100%



disasters



(vehicles)


2007 2008 2009

27,7%

25,5%

21,3%

21,3%

0% 10% 20% 30%

2006

2007

2008

2009

Market share

General director

INSURANCE Trajce Latinovski

Board of Directors: Branko Flisar Goran Stojanov Igor Donevski Mirko Zdravevski Nada Tomova Vesna Spirovska


Address: “Gradski zid” str. 7 &8, 1000 Skopje

Telephone: +3892 3 286 666

Fax: +3892 3 239 512

Web site: www.advardar.com.mk




Date of foundation: 1968

2007 2008 2009 268.424 260.525 288.919

Stipulated premium

in 000 denars

2007 2008 2009

1.554.911 1.368.218 1.316.168


2007 2008 2009 956.159 1.031.436 852.540






Accident 131.302 9,98 83.365 9,78 Passenger vehicles (full coverage) 243.252 18,48 169.177 19,84 Aircrafts (full coverage) 66.616 5,06 ‐ ‐ Insurance of property against fire and natural disasters 69.925 5,31 20.439 2,40 Remaining property Insurance 127.759 9,71 68.633 8,05 Third party liability Insurance (vehicles) 662.012 50,30 508.600 59,66 Remaining classes 15.302 1,16 2.326 0,27 Total Property Insurance 1.316.168 100,00 852.540 100,00 Life and Annuity Insurance ‐ ‐ ‐ ‐

Total 1.316.168 100,00 852.540 100,00

9,67% 14,44% 1,49% 6,13% 68,22%

9,23% 16,28% 2,66% 7,58% 60,74%

9,78% 19,84% 2,40% 8,05% 59,66%

0%

50%

100%



disasters



(vehicles)


2007 2008 2009

24

EUROINS

16,03% 15,60% 6,70% 9,50%4,60%

13,00% 12,97% 7,11% 8,06%

50,13%

7,74% 12,16% 4,39% 6,12%59,71%

0%

50%

100%



disasters



(vehicles)


2007 2008 2009

4,0%

4,5%

5,7%

6,7%

‐1% 1% 3% 5% 7%

2006

2007

2008

2009

Market Share

Executive directors

INSURANCE Violeta Pop Vasileva Janko Georgiev Nikolov

Board of Directors: Asen Milkov Hristov Kiril Ivanov Bosov Aleksandar Nikolovski Violeta Pop Vasileva Janko Georgiev Nikolov


Address: “Vojvoda Vasil Adzilarski” str.1000 Skopje

Telephone: +3892 3 228 904

Fax: +3892 3 117 194

Web site: www.euroins.com.mk





2007 2008 2009 54.959 122.368 82.696

Stipulated premium

in 000 denars

2007 2008 2009

275.438 367.353 415.385


2007 2008 2009 122.626 144.297 142.440






Accident 32.168 7,74 21.736 15,26 Passenger vehicles (full coverage) 50.502 12,16 36.169 25,39 Insurance of property against fire and natural disasters 18.233 4,39 1.352 0,95 Remaining property Insurance 25.442 6,12 14.300 10,04 Third party liability Insurance (vehicles) 248.019 59,71 66.208 46,48 Remaining classes 41.021 9,88 2.675 1,88 Total Property Insurance 415.385 100,00 142.440 100,00 Life and Annuity Insurance ‐ ‐ ‐ ‐

Total 415.385 100,00 142.440 100,00

13,81% 24,66%1,17%

10,04% 49,31%

15,71% 22,59% 6,51% 12,12% 42,20%

15,26% 25,39%0,95%

10,04% 46,48%

0%

50%

100%



disasters



(vehicles)


2007 2008 2009

25

SAVATABAK

4,99% 13,06% 8,33% 47,19% 22,75%

5,13% 11,15% 6,80% 38,23%35,84%

4,89% 11,22% 5,95% 34,67% 38,29%

0%

100%



disasters



(vehicles)


2007 2008 2009

14,8%

14,3%

15,6%

16,6%

13% 14% 15% 16% 17%

2006

2007

2008

2009

Market share



Accident 50.061 4,89 40.742 8,81 Passenger vehicles (full coverage) 114.803 11,22 82.629 17,87 Insurance of property against fire and natural disasters 60.915 5,95 14.183 3,07 Remaining property Insurance 354.848 34,67 171.924 37,19 Third party liability Insurance (vehicles) 391.861 38,29 146.308 31,65 Remaining classes 50.895 4,97 6.521 1,41 Total Property Insurance 1.023.383 100,00 462.307 100,00 Life and Annuity Insurance ‐ ‐ ‐ ‐

Total 1.023.383 100,00 462.307 100,00

Executive director

INSURANCE Rok Moljk

Operational Directors: Blaze Srbinovski Peter Skvarča

Board of Directors: Rok Moljk Blaze Srbinovski Peter Skvarča Ilo Ristovski Stojan Manusev Melita Gugulovska Nadezda Eftimova

Jordan Ralupovski


Address: “III MakedonskaBrigada” str. 1000 Skopje

Telephone: +3892 3 105 608

Fax: +3892 3 105 685

Web site: www.savatabak.com.mk

Type: [email protected]




2007 2008 2009 198.582 258.386 271.920

Stipulated premium

in 000 denars

2007 2008 2009

876.504 1.003.672 1.023.383


2007 2008 2009 314.522 374.033 462.307

Full time employees: 93 Representative offices: 31 Foreign capital: 66.7%

12,31% 18,73%2,40%

39,20% 26,85%

11,12% 18,78% 10,77% 28,45% 29,45%

8,81% 17,87% 3,07% 37,19% 31,65%

0%

50%

100%



disasters



(vehicles)


200920082007

26

WINNER

1,89% 2,79% 1,24% 17,16% 74,01%2,30%5,21% 2,11% 19,47%

65,79%26,17% 5,11% 1,99% 21,40% 39,21%

0%

50%

100%



disasters




2007 2008 2009

5,9%

5,3%

4,2%

4,9%

0% 2% 4% 6%

2006

2007

2008

2009

Market share

General director

INSURANCE Zoran Narasanov

Board of Directors: Zoran Narasanov

Elena Martinovska

Zenku Naser


Address: “Mitropolit T.Gologanov” str. no.28/1, 1000 Skopje

Telephone: +3892 3 231 631

Fax: +3892 3 231 632

Web site: www.winner.mk





2007 2008 2009 129.204 61.884 115.540

Stipulated premium

in 000 denars

2007 2008 2009

324.863 271.900 305.242


2007 2008 2009 133.984 137.670 163.650



Foreign capital: 100%



Accident 79.891 26,17 25.620 15,66 Passenger vehicles (full coverage) 15.591 5,11 12.662 7,74 Insurance of property against fire and natural disasters 6.078 1,99 147 0,09 Remaining property Insurance 65.307 21,40 26.228 16,03 Third party liability Insurance (vehicles) 119.687 39,21 98.391 60,12 Remaining classes 18.688 6,12 602 0,37 Total Property Insurance 305.242 100,00 163.650 100,00 Life and Annuity Insurance ‐ ‐ ‐ ‐

Total 305.242 100,00 163.650 100,00

5,69% 7,01%

0,00%

85,80%2,35%

4,46%

5,29%

87,56%15,66%

7,74%

16,03%

60,12%

0%

20%

40%

60%

80%

100%





200920082007

27

EUROLINK

8,46% 23,08% 20,64% 5,66% 28,79%9,69% 23,13%

8,02%5,84% 31,46%

12,42% 20,78% 8,64% 4,88% 29,23%

0%

50%

100%



disasters



(vehicles)


2007 2008 2009

7,3%

8,6%

9,4%

9,9%

0% 5% 10%

2006

2007

2008

2009

Market share

General director

INSURANCE Aleksandra Nakeva ‐ Ruzin

Board of Directors: Olga Kostovska

Tatjana Popovski Bulovski

Rudolfo Picokeri

Dejan Dimov

Aleksandra Nakeva ‐ Ruzin


Address: “27 mart” str, no.2, 1000 Skopje

Telephone: +3892 3 289 301

Fax: +3892 3 231 625

Web site: www.eurolink.com.mk





2007 2008 2009 156.443 158.826 163.884

Stipulated premium

in 000 denars

2007 2008 2009

525.677 606.084 612.959


2007 2008 2009 153.684 178.753 205.573






Accident 76.156 12,42 40.742 8,81 Passenger vehicles (full coverage) 127.393 20,78 82.629 17,87 Insurance of property against fire and natural disasters 52.944 8,64 14.183 3,07 Remaining property Insurance 29.908 4,88 171.924 37,19 Third party liability Insurance (vehicles) 179.159 29,23 146.308 31,65 Remaining classes 147.399 24,05 6.521 1,41 Total Property Insurance 612.959 100,00 462.307 100,00 Life and Annuity Insurance ‐ ‐ ‐ ‐

Total 612.959 100,00 462.307 100,00

22,07% 29,88% 1,43% 5,56%37,89%

22,65% 38,22%

1,51%4,88%

28,78%

8,81% 17,87%3,07%

37,19%

31,65%

0%

20%

40%

60%

80%

100%



disasters



(vehicles)


200920082007

28

INSIG

3,85% 3,48% 1,15% 1,36% 89,13%

2,55% 3,40% 0,67% 1,34% 85,18%

3,21% 3,17% 0,64% 0,62% 85,87%

0%

50%

100%



disasters



(vehicles)


2007 2008 2009

3,7%

3,2%

3,0%

2,8%

0% 1% 2% 3% 4%

2006

2007

2008

2009

Market share

General director

INSURANCE Petrak Simo

Board of Directors: Petrak Simo

Gazmend Abazi

Bulent Sakiqi

Pakesor Pepi


Address: “Dame Gruev” str. no.5/8, 1000 Skopej

Telephone: +3892 3 215 515

Fax: +3892 3 215 517

Web site: www.insig.com.mk





2007 2008 2009 58.409 62.561 56.539

Stipulated premium

in 000 denars

2007 2008 2009

197.832 189.795 170.533


2007 2008 2009 71.113 58.457 50.411






Accident 5.479 3,21 2.368 4,70 Passenger vehicles (full coverage) 5.407 3,17 4.028 7,99 Insurance of property against fire and natural disasters 1.083 0,64 152 0,30 Remaining property Insurance 1.061 0,62 307 0,61 Third party liability Insurance (vehicles) 146.437 85,87 43.172 85,64 Remaining classes 11.066 6,49 384 0,76 Total Property Insurance 170.533 100,00 50.411 100,00 Life and Annuity Insurance ‐ ‐ ‐ ‐

Total 170.533 100,00 50.411 100,00

2,74% 10,16% 0,20% 0,20% 86,06%

3,93%8,22%

0,16% 0,25%87,38%

4,70% 7,99% 0,30% 0,61%85,64%

0%

50%

100%



disasters




200920082007

29

UNIQA

2,47% 4,59% 1,50%4,45% 83,77%

2,41% 5,66% 6,56%4,45% 78,70%

3,84% 7,55% 5,47% 3,05% 73,33%

0%

50%

100%



disasters




2007 2008 2009

4,5%

4,7%

5,2%

5,8%

0% 2% 4% 6%

2006

2007

2008

2009

Market share

General director

INSURANCE Saimir Damo

Board of Directors: Saimir Damo Biljana Stojanov

Bosilka Dimitrova


Address: “Marks i Engels” str. no.3, 1000 Skopje

Telephone: +3892 3 109 060

Fax: +3892 3 215 128

Web site: www.uniqa.mk





2007 2008 2009 39.393 41.066 68.132

Stipulated premium

in 000 denars

2007 2008 2009

284.547 332.371 359.773


2007 2008 2009 84.383 124.103 122.528






Accident 13.811 3,84 4.183 3,41 Passenger vehicles (full coverage) 27.165 7,55 16.365 13,36 Insurance of property against fire and natural disasters 19.662 5,47 150 0,12

Remaining property Insurance 10.967 3,05 2.231 1,82 Third party liability Insurance (vehicles) 263.838 73,33 98.567 80,44 Remaining classes 24.330 6,76 1.032 0,84 Total Property Insurance 359.773 100,00 122.528 100,00 Life and Annuity Insurance ‐ ‐ ‐ ‐

Total 359.773 100,00 122.528 100,00

3,21% 9,40%0,20%

1,50% 85,40%

2,28% 5,28%0,06% 2,63% 89,17%

3,41% 13,36% 0,12% 1,82% 80,44%

0%

20%

40%

60%

80%

100%



disasters



(vehicles)


200920082007

30

INSURANCE POLICY

7,2%

9,3%

8,9%

8,2%

0% 5% 10%

2006

2007

2008

2009

Market share

General director

INSURANCE Vladimir Tosevski

Board of Directors:

Dusko Andonov Anica Gutevska Boban Janev Anela Darkovska Zoran Pavlovski


Address: “Marks i Engels” str. no.3, 1000 Skopje

Telephone: +3892 3 244 600

Fax: +3892 3 290 789

Web site: www.insurancepolicy.com.mk





2007 2008 2009

89.414 114.917 144.639

Stipulated premium

in 000 denars

2007 2008 2009

567.641 575.350 506.652


2007 2008 2009 179.556 262.617 266.223 Full time employees: 123


Foreign capital: 4,4%



Accident 47.486 9,37 59.028 22,17 Passenger vehicles (full coverage) 71.966 14,20 42.293 15,89 Insurance of property against fire and natural disasters 16.539 3,26 3.260 1,22


Total 506.652 100,00 266.223 100,00

15,18% 8,93% 2,57% 4,97% 64,32%

12,79%12,45% 2,72% 4,15% 62,18%

9,37% 14,20% 3,26% 4,68% 63,03%

0%

50%

100%


Insurance of property against fire and natural disasters




2007 2008 2009

23,60% 16,62% 1,22% 4,24% 52,33%

32,58% 12,95% 2,14% 1,82% 49,34%

22,17% 15,89% 1,22%4,82% 55,49%

0%

50%

100%


Insurance of property against fire and natural disasters




200920082007

31

ALBSIG

3,40% 4,10% 3,90% 0,00%85,40%

2,62% 4,71% 2,37%

0,00%

84,05%

3,40% 4,61% 2,25%

0,93%

82,39%

0%

50%

100%



disasters



(vehicles)


2007 2008 2009

1,2%

4,5%

4,0%

0% 2% 4% 6%

2007

2008

2009

Market share

General director

INSURANCE Gezim Huki

Deputy director: Petre Damceski

Board of Directors: Gezim Huki

Sklkim Zurda Srecko Petroski


Address: “Gjuro Gjakovik” str. no.46, 1000 Skopje

Telephone: +3892 3 118 560

Fax: +3892 3 215 780

Web site: www.albsig.com.mk





2007 2008 2009 38.579 89.244 81.810

Stipulated premium

in 000 denars

2007 2008 2009

75.996 287.287 248.851


2007 2008 2009 539 32.533 45.785






Accident 8.451 3,40 1.935 4,23 Passenger vehicles (full coverage) 11.480 4,61 5.251 11,47 Insurance of property against fire and natural disasters 5.608 2,25 105 0,23


Total 248.851 100,00 45.785 100,00

0,00% 0,70% 0,20% 0,00%99,10%4,24%

20,39%0,89%

0,00%

73,44%

4,23% 11,47%0,23%

2,24%

76,78%

0%

20%

40%

60%

80%

100%



disasters



(vehicles)


200920082007

32

CROATIA

12,51% 13,57% 3,17% 4,22% 62,84%

0%

50%

100%



disasters



(vehicles)


2009

0,5%

0% 0% 0% 1%

2009

Market share

General director

INSURANCE Dragan Lazareski

Board of Directors: Vlado Oshust Gjuro Eder Ivan Pavkovic

Risto Malceski


Address: “Mito Hadzi Vasilev Jasmin” str.no20/2 1000 Skopje

Telephone: +3892 3 251 100

Fax: +3892 3 251 111

Web site: www.crosig.mk


Date of registration: 06.052009



2007 2008 2009 ‐ ‐ 21.545

Stipulated premium

in 000 denars

2007 2008 2009

‐ ‐ 33.632


2007 2008 2009 ‐ ‐ 720






Accident 4.208 12,51 28 3,89 Passenger vehicles (full coverage) 4.563 13,57 86 11,94 Insurance of property against fire and natural disasters 1.065 3,17 ‐ ‐

Remaining property Insurance 1.419 4,22 6 0,83 Third party liability Insurance (vehicles) 21.134 62,84 600 83,33 Remaining classes 1.243 3,70 ‐ ‐ Total Property Insurance 33.632 100,00 720 100,00 Life and Annuity Insurance ‐ ‐ ‐ ‐

Total 33.632 100,00 720 100,00

3,89% 11,94% 0,83% 83,33%

0%

20%

40%

60%

80%

100%





2009

33

CROATIA LIFE INSURANCE

0,8%

0,8%

1,4%

1,9%

0% 1% 1% 2% 2%

2006

2007

2008

2009

Market share

General director

INSURANCE Vladimir Popovski

Board of Directors: Katerina Popovska

Vilma Uceta ‐ Duzlevska


Address: “Mito Hadzi Vasilev Jasmin” str.no20/2 1000 Skopje

Telephone: +3892 3 215 883

Fax: +3892 3 215 061

Web site: www.croatiaosiguruvanje.com.mk

E – mail: [email protected] Date of registration: 24.11.2004



2007 2008 2009 15.249 22.888 10.638

Stipulated premium

in 000 denars 2007 2008 2009

49.148 91.237 113,436


2007 2008 2009 2.982 5.540 9.699

Full time employees: 17 Representative offices: 10 Foreign capital: 93.5%



Life and Annuity Insurance 113.436 100,00 9.699 100,00 Total Property Insurance ‐ ‐ ‐ ‐Life and Annuity Insurance 113.436 100,00 9.699 100,00

Total 113.436 100,00 9.699 100,00

38%

62%

Market share (life insurance)

Croatia Remaining

34

GRAWE LIFE INSURANCE

1,10%

2,20%

2,67%

0% 1% 1% 2% 2% 3% 3%

2007

2008

2009Market share

General director

INSURANCE Marko Mikic

Board of Directors: Otmar Ederer Marko Mikic Veselin Petkovic Jetmir Krasniki Zigfrid Grig

Hristof Cetl Ginter Puhtler


Address: “Zeleznicka” str. no.32/1‐10, 1000 Skopje

Telephone: +3892 3 109 673

Fax: +3892 3 118 855

Web site: www.graweskopje.com.mk





2007 2008 2009 4.098 10.507 13.429

Stipulated premium

in 000 denars 2007 2008 2009

69.429 142.584 165.332


2007 2008 2009 1.284 3.748 2.815

Full time employees: 9 Representative offices: 10




Life and Annuity Insurance 165.332 100,00 2.815 100Total Property Insurance ‐ ‐ ‐ ‐Life and Annuity Insurance 165.332 100,00 2.815 100

Total 165.332 100,00 2.815 100

55%45%

Market share (life insurance)

Grawe Remaining

35

3.007

8.659

5.395

11.0049.847

4.142 4.373

15.642

4.1192.565 1.682

6.673

18.370

0

5.000

10.000

15.000

20.000


Albsig Croatia Croatia Life

Grawe

Stipulated premium per employee in 000 denars

Primary indicators of stipulated premium

Insurance Company Stipulated gross premium

in 000 den Transferable

premiums in 000 den Premiums allocated in reinsurance

in 000 den QBE 911.053 343.551 70.231 per employee 3.007 1.134 232 Vardar 1.316.168 544.895 91.807 per employee 8.659 3.585 604 Euroins 415.385 188.187 38.936 per employee 5.395 2.444 506 SavaTabak 1.023.383 318.299 298.955 per employee 11.004 3.423 3.215 Winner 305.242 127.605 107.988 per employee 9.847 4.116 3.483 Eurolink 612.959 300.656 174.495 per employee 4.142 2.031 1.179 Insig 170.533 71.245 15.823 per employee 4.373 1.827 406 Uniqa 359.773 162.197 32.622 per employee 15.642 7.052 1.418 Insurance Policy 506.652 236.607 59.534 per employee 4.119 1.924 484 Albsig 248.851 86.704 0 per employee 2.565 894 0 Croatia 33.633 25.056 5.290 per employee 1.682 1.253 265 Croatia Life Insurance 113.436 1.911 0 per employee 6.673 112 0 Grawe 165.332 76.677 9.115 per employee 18.370 8.520 1.013 Total 6.182.400 2.458.534 904.796 per employee 5.461 2.172 799

36

2.071,3

5.608,8

1.849,9

4.971,05.279,0

1.389,0 1.292,6

5.327,3

2.164,4

472,036,0

570,5312,8

0

1.000

2.000

3.000

4.000

5.000

6.000



Grawe

Settled claims per employee in 000 denars

Insurance Company Technical premium

in 000 den Settled claims in

000 den Reserved claims in

000 den Reinsurers share in

000 den QBE 733.098 627.608 263.656 0 per employee 2.419 2.071 870 0 Vardar 1.080.841 852.540 922.759 908 per employee 7.110 5.608 6.070 6 Euroins 281.888 142.440 73.869 7.381 per employee 3.660 1.849 959 95 SavaTabak 807.352 462.307 448.842 119.496 per employee 8.681 4.971 4.826 1.284 Winner 228.926 163.650 131.717 22.160 per employee 7.384 5.279 4.248 714 Eurolink 473.765 205.573 118.018 8.511 per employee 3.201 1.389 797 57 Insig 136.426 50.411 110.667 0 per employee 3.498 1.292 2.837 0 Uniqa 251.841 122.528 167.327 0 per employee 10.949 5.327 7.275 0 Insurance Policy 369.788 266.223 130.843 32.466 per employee 3.006 2.164 1.063 264 Albsig 211.383 45.785 45.416 0 per employee 2.179 472 468 0 Croatia 21.141 720 932 0per employee 1.057 36 46 0 Croatia Life Insurance 90.775 9.699 267 0 per employee 5.339 570 15 0 Grawe 99.963 2.815 6.543 844 per employee 11.107 312 727 93 Total 4.787.187 2.952.299 2.420.856 191.766 per employee 4.229 2.608 2.139 169

37

1.469,5

1.900,8

1.077,5

2.923,9

3.727,1

1.140,81.449,7

2.962,3

322,7

840,61.077,3

625,8

1.492,1

0500

1.0001.5002.0002.5003.0003.5004.000



Grawe

Gross premium/loss per employee in 000 denars

Insurance Company Administrative expenses

in 000 den Total Income in 000 den

Total Expenditures in 000 den

Gross profit/loss in 000 den

QBE 445.262 39.052 8.075 30.977 per employee 1.469 128 26 102 Vardar 288.919 1.373.102 1.354.094 19.008 per employee 1.900 9.033 8.908 125 Euroins 82.969 449.390 485.500 ‐36.110 per employee 1.077 5.836 6.305 ‐469 SavaTabak 271.920 1.623.019 1.962.537 ‐339.518 per employee 2.923 17.451 21.102 ‐3.651 Winner 115.540 475.712 468.254 7.458 per employee 3.727 15.345 15.105 240 Eurolink 168.834 492.487 425.694 66.793 per employee 1.140 3.327 2.876 451 Insig 56.539 188.701 158.061 30.640 per employee 1.449 4.838 4.052 785 Uniqa 68.132 338.257 332.693 5.564 per employee 2.962 14.706 14.464 241 Insurance Policy 39.688 512.355 471.782 40.573 per employee 322 4.165 3.835 329 Albsig 81.534 284.286 233.846 50.440 per employee 840 2.930 2.410 520 Croatia 21.545 13.709 24.092 ‐10.383 per employee 1.077 685 1.204 ‐519 Croatia Life Insurance 10.638 143.414 139.651 3.763 per employee 625 8.436 8.215 221 Grawe 13.429 161.995 154.455 7.540 per employee 1.492 17.999 17.162 837 Total 1.643.404 6.081.770 6.194.642 ‐112.872 per employee 1.452 5.373 5.472 ‐100

38

P

Pas

Frei

Truc

Tow

Spe

Mot

Con

Mot

Veh

OpeTraicomTota

Rac

Insu

Fore

Tota

Passeng

Freig

Towi

Spe

M

Connecti

Operati

C

Premium gro

1

senger vehicles

ight

cks

wing

ecial motor vehic

torcycles

nnecting vehicle

tor2

hicles3

erating vehicles il vehicles and mbined al4

ces

urance5

eign vehicles

al6

In total7(4+6

1 Compulso2 Vehicles w3 Left for re4 Basic type5 Motor ve6 Special ty7 Third par

ger vehicles

ght vehicles

Trucks

ng vehicles

ecial motor …

Motorcycles

ng vehicles

ng vehicles

Pa

Gr

ompulsory I

oup Numinsu

2

cles

s

3

) 3

ory insurance awith foreign plepair es of insuranceehicles with tesypes of insuranrty liability insu

1.7

articipation o

ross premium

Insurance 1

mber of rance

Grprem000

2

292.849 1.5

34.948 4

2.662

2.213

518

11.674

7.395

6.874

203

1.042

64

360.442 2.1

18

1.468

272

1.758

362.200 2.1

and settled clalates(border in

e (num. 1 to 11st plates ne (num. 12 tourance(vehicles

1.496.89

5

739

2.108

19.6

4.426

of the settled

in 000 den

ross mium in 0 den

Numbof cla

3 4

54.258 15.

480.028 1.

59.881

3.091

1.755

21.575

15.398

25.807

1.009

4.763

389

67.954 18.

95

10.366

1.383

11.844

79.798 18.

ims without thnsurance)

1)

o 17) s)

98

432.119

53.827

617

14.890

claims in com

ber ims

Settled clin 000 d

5

.435 1.115

.827 125

312 25

52 3

52 3

186 12

42 5

‐

14

113 6

6

.039 1.301

97 5

‐

97 5

.136 1.306

hird party liabi

mpulsory ins

Settled cl

laims den

Index 5

6

5.694 71

5.862 26

5.942 43

3.895 126

3.556 202

2.634 58

5.420 35

‐

648 64

6.606 138

752 193

1.009 60

‐

5.816 56

‐

5.816 49

6.825 59

lity insurance f

1.11

3.895

3.556

1

6.606

urance ‐ in 00

aims in 000 de

5:3 Struc

col.3 7

,78 71,3

,22 22,0

,32 2,7

,02 0,1

,61 0,1

,56 1,0

,20 0,7

‐ 1,2

,21 0,0

,69 0,2

,32 0,0

,01 99,5

‐ 0,0

,11 0,5

‐ 0,1

,11 0,5

,95 100,0

for carriers

15.694

125.862

25.942

12.634

5.420

00 den

en

cture

cоl.5 8 9

85,4 8

9,6

2,0

0,3

0,3

1,0

0,4

‐

0,0

0,5

0,1

99,6 9

‐

0,4

‐

0,4

100

Structure

9 10

80,9 85,1

9,6 10,1

0,7 1,7

0,6 0,3

0,1 0,3

3,2 1,0

2,0 0,2

1,9 ‐

0,1 0,1

0,3 0,6

0,0 0,0

99,5 99,5

0,0 ‐

0,4 0,5

0,1 ‐

0,5 0,5

100 100,0

39

79,4% 81,50% 78,2%

20,6% 18,50% 21,8%

0%

20%

40%

60%

80%

100%

2007 2008 2009

Premium

Premium from TPL insurance Green card and border insurance

93,3%90,10% 89,3%

6,7%9,90% 10,7%

80%

85%

90%

95%

100%

2007 2008 2009

Claims

Claims from TPL insurance Claims green card and border insurance

Green card and border insurance

Premium group Number of insurance

Gross premium in 000 den

Number of claims

Settled claims in 000 den

Index 4:2 Index 5:3

1 2 3 4 5 6 7Passenger vehicles 101.779 409.842 276 48.939 0,3 11,9 Freight vehicles 6.562 141.018 540 96.996 8,2 68,8 Trucks 649 12.273 41 5.185 6,3 42,2 Towing vehicles 442 3.701 9 274 2,0 7,4 Special8 54 280 ‐ ‐ ‐ ‐ Motorcycles 392 1.405 7 720 1,8 51,2 Connecting vehicles 4.586 36.178 31 4.865 0,7 13,4 Operating vehicles 121 1.017 ‐ ‐ ‐ ‐ Combined vehicles 39 346 ‐ ‐ ‐ ‐

Total 114.624 606.059 904 156.978 0,8 25,9

8 Special motor vehicles

Insurance Company Number of insurance

Gross premium in 000 den Number of claims

Settled claims in 000 den

Structure

col.3 col.3

1 2 3 4 5 6 7 QBE 10.838 57.735 113 24.719 9,5 15,7 Vardar 28.404 158.833 314 57.996 26,2 36,9 Euroins 10.313 53.157 49 10.839 8,8 6,9 SavaTabak 14.258 73.668 67 10.495 12,2 6,7 Winner 5.359 23.062 61 12.451 3,8 7,9 Eurolink 7.808 44.802 87 8.390 7,4 5,3 Insig 7.461 31.283 26 3.214 5,2 2,0 Uniqa 10.184 52.557 49 9.336 8,7 5,9 Insurance Policy 11.437 67.056 97 15.545 11,1 9,9 Albsig 8.206 40.505 40 3.903 6,7 2,5 Croatia 356 3.401 1 90 0,6 0,1

Total 114.624 606.059 904 156.978 100,0 100,0

40

13,72%24,73%

5,85% 11,34% 5,66% 6,70% 5,25% 8,23% 10,89% 7,64%0,00%

8,76%

22,98%

8,70%

14,51%4,23% 7,43% 5,26% 9,22%

10,99%7,18%

0,74%0%

10%

20%

30%

40%

50%

60%


Albsig Croatia

% in Guaranty Fund

2008 2009

Guaranty Fund

1. Guaranty fund – shares on 31.12.2009

9 Gross stipulated premium 01.01‐31.12.2009 for all types of insurance based on data provided by the insurance companies

Insurance companies Stipulated premium9 Share in Guaranty fund

Participation in Guaratany fund

In 000 den In % In 000 den QBE 251.014 8,76% 16.162 Vardar 658.406 22,98% 42.392 Euroins 249.346 8,70% 16.054 SavaTabak 415.878 14,51% 26.777 Winner 121.119 4,23% 7.798 Eurolink 212.979 7,43% 13.713 Insig 150.677 5,26% 9.702 Uniqa 264.187 9,22% 17.010 Insurance Policy 314.929 10,99% 20.277 Albsig 205.784 7,18% 13.250 Croatia 21.200 0,74% 1.365

Total 2.865.517 100.00% 184.500

The operation of the Guaranty Fund in 2009 was based on the Obligatory Traffic Insurance Law (Official Gazette of R.M.88/05), Regulation for establishment and operation of the Guaranty Fund (since18.04.2006), and Manual for bookkeeping and means of payment of the Guaranty Fund (from 29.05.2006 and 25.12.2007).

In accordance with the decision of the management board, a new distribution of means in the Guaranty Fund is made at 3 million eur, i.e. 184,500,000 thousand denars as to the participation of each insurance company in the total stipulated premium for all compulsory types of insurance.

41

17%

34%

5%7%

4%

5%

7%

4%

16%

1% 0%

Structure of accepted claims for reimbursement QBE

Vardar

Euroins

SavaTabak

Winner

Eurolink

Insig

Uniqa

Insurance Policy

Albsig

Croatia

2. Guaranty Fund – claims on 31.12.2009

10 Accepted claims in Guaranty Fund (claims + provisions)

Insurance companies Number of noticed claims Number of accepted claims Accepted claims 10

Year 2009 Year 2009 000 den QBE 196 180 24,051 Vardar 329 289 50,145 Euroins 53 52 7,451 SavaTabak 110 107 10,119 Winner 57 52 5,152 Eurolink 62 62 6,802 Insig 102 96 10,345 Uniqa 63 59 5,866 Insurance Policy 205 185 23,564 Albsig 34 30 1,889 Croatia 1 1 96

Total 1,212 1,113 145,481

In the year 2009, there were 1,366 noticed claims – decrease of 20.0% in comparison with 2008 when there were 1,717 claims. In 2009 the insurance companies reimbursed 1,212 and 1,113 of them were accepted. The average amount reimbursed in 2009 was 130,710.00 denars, i.e. lower compared with 2008 ‐150.307.00 denars.

42

156 178

51

133

32 35

98 51 51 32

1 ‐

50

100

150

200


Albsig Croatia

Number of reserved claims 31.12.2009

Recapitulation of means in the Guaranty Fund in 2009

Reserved claims in Guaranty Fund in 2009

Insurance companies Number of reserved claims 31.12.2009 Reserved claims in 000 denars 31.12.2009

QBE 156 22,771 Vardar 178 53,511 Euroins 51 9,209 SavaTabak 133 17,561 Winner 32 6,121 Eurolink 35 2,444 Insig 98 17,890 Uniqa 51 4,386 Insurance Policy 51 4,303 Albsig 32 1,158

Croatia 1 40

Total 818 139,934

In 2009 there is a reservation of 153,333,332.00 denars (10% of noticed –reserved claims) for 899 claims, which are supposed that have been occurred but are still not noticed.

Insurance companies Participation in Guaranty fund for claims in 000 den

Accepted claims for reimbursement in 000 den

Difference in 000 den

QBE 14,210 24,051 + 9,841 Vardar 34,131 50,145 + 16,014

Euroins 12,407 7,451 ‐ 4.956 SavaTabak 20,629 10,119 ‐ 10,510

Winner 6,055 5,152 ‐ 903 Eurolink 9,766 6,802 ‐ 2,964 Insig 7,691 10,345 + 2,654 Uniqa 13,480 5,866 ‐ 7,615 Insurance Policy 15,968 23,564 + 7,595 Albsig 10,667 1,889 ‐ 8,778

Croatia 474 96 ‐ 378

Total 145,481 145,481 0

43

11.000

30.000

5.000

16.000

5.000 5.000 4.000

11.000 12.000

5.500 2.000

‐

5.000

10.000

15.000

20.000

25.000

30.000

35.000


Albsig Croatia

Number of green card per company

Correspondent agreements

Issue of green cards

Insurance companies Until 31.12.2009 For 2009 QBE 324 7 Vardar 83 7 Euroins 4 ‐ SavaTabak 3 1 Winner 5 4 Eurolink 57 2 Insig 2 ‐ Uniqa 9 ‐ Insurance Policy 9 ‐ Albsig 3 1 Croatia 0 ‐

Total 493 22

Most of these agreements are unilateral i.e. settlement of claims caused by foreign insurers in the R. of Macedonia what actually means realization of the IVth Directive of the members of the European Union. However, in order to facilitate the operation of the members regarding foreign claims settlement, it is necessary for them, in consultation with the Bureau, to be engaged in signing bilateral agreement or if it is not possible, to sign agreements for settlement of claims caused by our insureds in a foreign county. This specially refers to those countries which are mostly visited by our insureds

In the year 2009 the Bureau issued 106,500 green cards (decrease of 35,2% in comparison with 2008), when 164,700 green cards were issued. In order to avoid green cards forgery, there is a close cooperation with the Ministry of Internal Affairs for control of our citizens who travel abroad, as well as of foreign citizens who enter the territory of the Republic of Macedonia

44

The information system implemented in the NIB increases the options for following the movements in this type of insurance in the Macedonian insurance market. In the same time, the system provides all concerned subjects with accurate and reliable information for the insurance of vehicles, green cards and claims.

In accordance with the Crete Agreement, the Bureau guarantees for the obligations as a result of the issued green cards. In this sense, various meetings were held during 2009 and a lot of actions were taken over for the settlement – of the mutual disputes and obligations with corresponding Bureaux whenever it was necessary. At the same time, a lot of actions were taken for claims reimbursement by the members of the Bureau.

Central registry of insurance policy (vehicles), green cards and claims

Mutual demands and obligations

In 2009, NIB managed to maintain and improve the application which covers the entire territory of the Republic of Macedonia for issue of insurance policies for vehicles and green cards. This allows entire control of all green cards and insurance policies issued. The central application is in accordance with the Tariff and the system of bonus – malus is applied, accordingly.

45

85,82% 84,20%

14,18% 15,80%

0%

50%

100%

2008 2009

Participation of the broker companies in the total stipulated premium in %

Remaining Broker insruance companies

Broker insurance companies

During 2009, in the Macedonian insurance market operated eleven active broker insurance companies and five companies11 for insurance representation. Access to the application of NIB, except the eleven insurance companies, had all registered subjects that are dealing with TPL insurance.

In 2009 the broker insurance companies had altogether stipulated premium 976,544,982, or 15.8% out of the total premium. In comparison with 2008, the participation of the broker insurance companies is increased and futhre increase is expected, accordingly.

Companies for insurance representation: 1. ‐ Name: AMG PREMIUM ‐ Responsible person: Aleksandar Melovski ‐ Address: “Vladimir Komarov” str. no.31‐2/4, 1000 Skopje ‐ Telephone: +3892 3 223 418 2. ‐ Name: VDS MAGMA ‐ Responsible person: Todorco Kostadinov ‐ Address: “Dame Gruev” str. no.5, 1000 Skopje ‐ Telephone: +3892 3 226 033 3. ‐ Name: AKTIVA ‐ Responsible person: Brankica Spaseska ‐ Address: “Bul. Partizanski Odredi” str. no.80 loc.19, 1000 Skopje ‐ Telephone: +3892 3 250 785 4. ‐ Name: SAFE INVEST ‐ Responsible person: Katerina Jovanovska ‐ Address: “Bul. Partizanski Odredi” str. no. 21‐1/4, 1000 Skopje ‐ Telephone: +3892 3 131 125 5. ‐ Name: TREND MR ‐ Responsible person: Vladimir Spasenovski ‐ Address: “Vasil Gjorgov” str. no.22/50, 1000 Skopje ‐ Telephone: +3892 3 250 786

11 Ministry of finance

46

EURO EKSPERTS

EUROMAK

28,20% 53,15%5,87%

9,70%

0,15%

24,2% 51,1%11,6%

4,3%

6,2%

0%

50%

100%

QBE Vardar SavaTabak Eurolink Insurance Policy

Participation of the companies in the gross premium

2008 2009

84,5% 15,5%

0%

50%

100%

Remaining companies

Euro Eksperts

% in the total stipuilated premium of the broker companies

89,3% 10,7%

0%

50%

100%

Remaining companies

Euromak


General Director

Broker company Goce Atanasov Type: Joint‐stock company

Address: “Koco Racin” str. no 38/3‐13, 1000 Skopje Full time employees 10

Fax: +3892 3 217 217

Stipulated premium Web site: +3892 3 217 217

Year 2008 Year 2009 Web site: www.euroexperts.com.mk

E – mail: [email protected] 172,572,774 150,931,000 Date of registration: 04.04.2003

Participation of capital: 100% domestic

Premium per companies QBE 36,596,000 Vardar 77,091,000 Euroins 2,064,000 SavaTabak 17,544,000 Winner 497,000 Eurolink 6,506,000 Insig 196,000 Uniqa 339,000 Insurance Policy 9,364,000 Albsig 324,000 Croatia 230,000 Croatia Life Insurance 180,000

General Director

Broker company Natasa Zdravkov Type: Joint‐stock company

Address:

“Dimitrija Cuposki” str. no.10/11, 1000 Skopje Full time employees 20

Fax: +3892 3 232 951


Year 2008 Year 2009 Web site: www.euromak.com.mk

E – mail: [email protected] 130,000,000 104,659,792 Date of registration: 21.05.2003


Premium per companies QBE ‐ Vardar ‐ Euroins ‐ SavaTabak ‐ Winner ‐ Eurolink ‐ Insig ‐ Uniqa ‐ Insurance Policy ‐ Albsig ‐ Croatia ‐

47

96,2%

3,8%0%

50%

100%

Remaining companies

WIASS


WIASS

IN‐BROKER

7,7% 25,2%4,1%

18,6% 17,9%

10,8% 27,4%12,1%

10,8% 8,4%

0%

50%

100%

QBE Vardar Euroins Winner Eurolink


2008 2009

29,5%1,5%

51,7% 16,2%

28,3%2,7%

50,5% 15,9%

0%

50%

100%

QBE Vardar SavaTabak Eurolink


2008 2009

General Director

Broker company Faruk Abedini Type: Joint‐stock company

Address:

“Dame Gruev” str. no 14, 1000 Skopje Full time employees 5

Fax: +3892 3 133 461


Year 2008 Year 2009 Web site: www.wiass.com

E – mail: wiass@t‐home.mk 31,137,546 37,498,422 Date of registration : 27.05.2003


Premium per companies QBE 4,066,269 Vardar 10,281,629 Euroins 4,544,277 SavaTabak 3,015,214 Winner 4,063,123 Eurolink 3,136,729 Insig 1,351,385 Uniqa 2,145,645 Insurance Policy 2,313,373 Albsig 1,765,859 Croatia 814,939

General Directors

Broker company Zlatko Mihajlovski Pance Ivanovski


Address:

“Mitropolit T. Gologanov” str.58 1000 Skopje Full time employees 6

Fax: +3892 3 215 302


Year 2008 Year 2009 Web site: www.inbroker.com.mk

E – mail: [email protected] 219.158.109 228.206.427 Date of registration : 01.03.2004


Premium per companies QBE 64,498,917 Vardar 6,099,729 Euroins 1,276,089 SavaTabak 115,268,629 Winner 4,520,227 Eurolink 36,227,761 Uniqa 23,584 Croatia 291,536

76,6% 23,4%

0%

50%

100%

Remaining companies

In‐Broker


48

WFP

MOBILITY

91,2%8,8%

0%

50%

100%

Remaining companies

WFP


5,2% 38,0% 56,9%

5,5% 51,7% 39,9%

0%

100%

SavaTabak Croatia Life Insurance Grawe


2008 2009

79,9%20,1%

0%

50%

100%

Remaining companies

Mobility


12% 49% 3% 7% 6% 4% 4% 7% 5% 3%

8,0% 48,0% 4,3% 7,6% 6,4% 5,3% 3,6% 6,1% 6,8% 3,9%

0%

50%

100%


Albsig


2008 2009

12 President of board of directors

General Directors

Broker company Strobl Rupert Blaze Petreski Suzana Gjukik


Address:

“Zagrebska” str. no.28b, 1000 Skopje Full time employees 16

Fax: +3892 3 298 356


Year 2008 Year 2009 Web site: www.wvp.mk

E – mail: [email protected] 119,384,963 86,019,832 Date of registration : 19.09.2006

Participation of capital:

Premium per companies QBE 261,807 SavaTabak 4,717,629 Uniqa 1,365,012 Insurance Policy 966,406 Croatia Life Insurance 44,429,359 Grawe 34,279,620

General Directors

Broker company Dimitar Minovski 12 Zoran Bundalevski


Address:

“Mitropolit T. Gologanov” str. no.54/3, 1000 Skopje Full time employees 32

Fax: +3892 3 181 401


Year 2008 Year 2009 Web site: www.mobilitybroker.com.mk



Premium per companies QBE 15,590,292 Vardar 94,031,237 Euroins 8,498,187 SavaTabak 14,885,677 Winner 12,543,236 Eurolink 10,289,877 Insig 6,990,721 Uniqa 12,021,199 Insurance Policy 13,305,591 Albsig 7,719,651 Croatia 14,736

49

SEDA

A‐TIM

68,0% 14,5% 17,5%

0%

50%

100%

Vardar SavaTabak Eurolink


2009

3,4%20,6% 1,4%

70,6%

1,1%

1,3%32,6% 3,9%

50,9%

5,2%

0%

50%

100%

QBE Vardar Euroins SavaTabak Winner


2008 2009

General Director

Broker company Viktor Davidovski Type: Joint‐stock company

Address:

“France Presern” str. no.85b 1000 Skopje Full time employees 11

Fax: +3892 3 671 200


Year 2008 Year 2009 Web site: www.sedabroker.com.mk



Premium per companies QBE 2,068,777 Vardar 51,688,024 Euroins 6,236,575 SavaTabak 80,504,306 Winner 8,303,099 Eurolink 3,498,171 Insig 398,884

Uniqa 3,426,773 Insurance Policy 1,294,431 Albsig 893,742

General Director

Broker company Suzana Gracanin Type: Joint‐stock company

Address:

“Kuzman Josifovski Pitu” str. no.30/3 loc.4, 1000 Skopje Full time employees 2

Fax: +3892 2 465 170


Year 2008 Year 2009 Web site: www.obdatim.com.mk

E – mail: [email protected] ‐ 7,930,990 Date of registration : 18.03.2009


Premium per companies Vardar 5,393,464 SavaTabak 1,389,821 Eurolink 1,147,704

83,8%16,2%

0%

50%

100%

Remaining companies

SEDA


99,2%

0,8%0%

50%

100%

Remaining companies

A‐Tim


50

DELTA INS

NASE OSIGURUVANJE

14,8% 9,2% 1,7% 9,5% 36,2% 28,0% 3,1%

0%

100%

QBE Vardar Euroins SavaTabak Winner Eurolink Ins. Policy


2009

8,9% 48,5% 9,8% 11,8% 9,8% 9,9%

0%

100%

QBE Vardar SavaTabak Winner Eurolink Insurance Policy


2009

General Director

Broker company Jasmina Madzaroska Sotirova Type: Joint‐stock company

Address:

“Kiro Krstevski Platnik” str. no.11/1‐4, 1000 Skopje Full time employees 4

Fax: +3892 5 208 222


Year 2008 Year 2009 Web site: www.deltains.com.mk



Premium per companies QBE 489,522 Vardar 305,331 Euroins 57,622 SavaTabak 314,334 Winner 1,198,687 Eurolink 925,021 Uniqa 16,009 Insurance Policy 102,848 Albsig 2,450

General Director

Broker company Verica Gjorgjievska Type: Joint‐stock company

Address:

“Dimitar Vlahov” str. no.3 2300 Kocani Full time employees 3

Fax: +38933 270 211

Stipulated premium Web site: +38933 270 211

Year 2008 Year 2009 Web site: www.naseosiguruvanje.com.mk



Premium per companies QBE 330,534 Vardar 1,801,225 SavaTabak 363,959 Winner 438,236 Eurolink 363,959 Insurance Policy 367,673 Croatia 37,510

99,7%

0,3%0%

50%

100%

Remaining companies

Delta Ins


99,6%

0,4%0%

50%

100%

Remaining companies

Nase


51

JDB

General Director

Broker company Brankica Pavleska Type: Joint‐stock company

Address: “Gradski Zid” str. no.13, 1000 Skopje

Full time employees 3 Fax: +3892 3 258 810


Year 2008 2009 година Web site: Во изработка

E – mail: [email protected] ‐ ‐ Date of registration : 29.10.2009


52

insurance bulletin of the republic of macedonia 9 - nibm…€¦ · e-mail: [email protected]...

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