North Macedonia’s insurance sector experienced a notable decline in gross written premiums (GWPs) during the first half of the year, according to recent data reported by SeeNews. The drop reflects shifting market dynamics and evolving economic conditions within the country’s financial services industry. This article delves into the factors behind the downturn, highlighting key trends and implications for insurers operating in North Macedonia.
North Macedonia’s Insurance Sector Faces Decline in Gross Written Premiums
Data from the first half of the year reveals a notable contraction in North Macedonia’s insurance market, with gross written premiums (GWPs) trending downward. Insurers across key segments faced challenges such as rising claim ratios, economic uncertainties, and increased competition from alternative financial products. Motor and health insurance lines, traditionally strong performers, bore the brunt of the decline, signaling a shift in consumer…
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Author : Victoria Jones
Publish date : 2026-09-12 20:19:00
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