1. Darko Blaževski 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

2. 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

3. Gross Written Premium Ratios Gross Written Premium : > 2009: ЕУР 101,06 millions (96,15 non life ; 4,92 life ) > 2008: ЕУР 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

4. Insurance Market Ownership Structure

5. Market Concentration Market concentration: 3 insurance companies participate with more than 10% Herfindahl index: 1234,94 (non life 1352,27, life 4496,42)

6. Capital and Solvency Margin

7. Gross Written Premiums per Class of Insurance

8. Special Attention: Third-Party Liability Insurance ↓ Third-Party Liability Insurance Premium 09/08: (- 11%) ↑ Third-Party Liability Insurance Contracts 09/08: (+ 5,68%)

9. Structure of investments from the assets covering technical reserves

10. Structure of investments from the capital

11. Profitability

12. Profitability - Ratios

13. Loss Ratios

14. Technical Reserves

15. 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