insurance bulletin of the republic of macedonia 9 - nibm…€¦ · e-mail: [email protected]...
TRANSCRIPT
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
QBE Vardar Euroins SavaTabak Winner Eurolink Insig Uniqa Insurance Policy
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
QBE Vardar Euroins SavaTabak Winner Eurolink Insig Uniqa Insurance Policy
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
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
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
QBE Vardar Euroins SavaTabak Winner Eurolink Insig Uniqa Insurance Policy
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
QBE Vardar Euroins SavaTabak Winner Eurolink Insig Uniqa Insurance Policy
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
QBE Vardar Euroins SavaTabak Winner Eurolink Insig Uniqa Insurance Policy
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
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 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%
QBE Vardar Euroins SavaTabak Winner Eurolink Insig Uniqa Insurance Policy
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance
(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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance
(vehicles)
Participation of classes of insurance in premium
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
Type: Joint‐stock company
Address: “Gradski zid” str. 7 &8, 1000 Skopje
Telephone: +3892 3 286 666
Fax: +3892 3 239 512
Web site: www.advardar.com.mk
E – mail: [email protected]
Date of registration: 25.08.1991
Administrative expenses in 000 denars
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
Settled claims in 000 denars
2007 2008 2009 956.159 1.031.436 852.540
Full time employees: 152
Representative offices: 14
Foreign capital: 70.36%
Premium and claims per classes for 2009
Premium Claims In 000 denars Structure In 000 denars Structure
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance
(vehicles)
Participation of classes of insurance in claims
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance
(vehicles)
Participation of classes of insurance in premium
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
Type: Joint‐stock company
Address: “Vojvoda Vasil Adzilarski” str.1000 Skopje
Telephone: +3892 3 228 904
Fax: +3892 3 117 194
Web site: www.euroins.com.mk
E – mail: [email protected]
Date of registration: 13.07.1995
Administrative expenses in 000 denars
Date of foundation: 05.06.1995
2007 2008 2009 54.959 122.368 82.696
Stipulated premium
in 000 denars
2007 2008 2009
275.438 367.353 415.385
Settled claims in 000 denars
2007 2008 2009 122.626 144.297 142.440
Full time employees: 77
Representative offices: 50
Foreign capital: 91.39%
Premium and claims per classes for 2009
Premium Claims In 000 denars Structure In 000 denars Structure
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance
(vehicles)
Participation of classes of insurance in claims
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance
(vehicles)
Participation of classes of insurance in premium
2007 2008 2009
14,8%
14,3%
15,6%
16,6%
13% 14% 15% 16% 17%
2006
2007
2008
2009
Market share
Premium and claims per classes for 2009
Premium Claims In 000 denars Structure In 000 denars Structure
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
Type: Joint‐stock company
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]
Date of registration: 24.12.1993
Administrative expenses in 000 denars
Date of foundation: 20.12.1993
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
Settled claims in 000 denars
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance
(vehicles)
Participation of classes of insurance in claims
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance (vehicles)
Participation of classes of insurance in premium
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
Type: Joint‐stock company
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
Type: [email protected]
Date of registration: 19.11.2002
Administrative expenses in 000 denars
Date of foundation: 24.10.2002
2007 2008 2009 129.204 61.884 115.540
Stipulated premium
in 000 denars
2007 2008 2009
324.863 271.900 305.242
Settled claims in 000 denars
2007 2008 2009 133.984 137.670 163.650
Full time employees: 31
Representative offices: 19
Foreign capital: 100%
Premium and claims per classes for 2009
Premium Claims In 000 denars Structure In 000 denars Structure
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%
Accident Passenger vehicles (full coverage)
Remaining property Insurance
Third party liability Insurance (vehicles)
Participation of classes of insurance in claims
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance
(vehicles)
Participation of classes of insurance in premium
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
Type: Joint‐stock company
Address: “27 mart” str, no.2, 1000 Skopje
Telephone: +3892 3 289 301
Fax: +3892 3 231 625
Web site: www.eurolink.com.mk
Type: [email protected]
Date of registration: 21.11.2002
Administrative expenses in 000 denars
Date of foundation: 26.07.2002
2007 2008 2009 156.443 158.826 163.884
Stipulated premium
in 000 denars
2007 2008 2009
525.677 606.084 612.959
Settled claims in 000 denars
2007 2008 2009 153.684 178.753 205.573
Full time employees: 148
Representative offices: 27
Foreign capital: 100%
Premium and claims per classes for 2009
Premium Claims In 000 denars Structure In 000 denars Structure
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance
(vehicles)
Participation of classes of insurance in claims
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance
(vehicles)
Participation of classes of insurance in premium
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
Type: Joint‐stock company
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
Type: [email protected]
Date of registration: 18.03.2003
Administrative expenses in 000 denars
Date of foundation: 30.03.2003
2007 2008 2009 58.409 62.561 56.539
Stipulated premium
in 000 denars
2007 2008 2009
197.832 189.795 170.533
Settled claims in 000 denars
2007 2008 2009 71.113 58.457 50.411
Full time employees: 39
Representative offices: 18
Foreign capital: 100%
Premium and claims per classes for 2009
Premium Claims In 000 denars Structure In 000 denars Structure
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance (vehicles)
Participation of classes of insurance in claims
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance (vehicles)
Participation of classes of insurance in premium
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
Type: Joint‐stock company
Address: “Marks i Engels” str. no.3, 1000 Skopje
Telephone: +3892 3 109 060
Fax: +3892 3 215 128
Web site: www.uniqa.mk
E – mail: [email protected]
Date of registration: 14.09.2004
Administrative expenses in 000 denars
Date of foundation: 30.08.2004
2007 2008 2009 39.393 41.066 68.132
Stipulated premium
in 000 denars
2007 2008 2009
284.547 332.371 359.773
Settled claims in 000 denars
2007 2008 2009 84.383 124.103 122.528
Full time employees: 23
Representative offices: 43
Foreign capital: 100%
Premium and claims per classes for 2009
Premium Claims In 000 denars Structure In 000 denars Structure
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance
(vehicles)
Participation of classes of insurance in claims
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
Type: Joint‐stock company
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
E – mail: [email protected]
Date of registration: 09.05.2005
Administrative expenses in 000 denars
Date of foundation: 09.05.2005
2007 2008 2009
89.414 114.917 144.639
Stipulated premium
in 000 denars
2007 2008 2009
567.641 575.350 506.652
Settled claims in 000 denars
2007 2008 2009 179.556 262.617 266.223 Full time employees: 123
Representative offices: 40
Foreign capital: 4,4%
Premium and claims per classes for 2009
Premium Claims In 000 denars Structure In 000 denars Structure
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
Remaining property Insurance 23.729 4,68 12.827 4,82 Third party liability Insurance (vehicles) 319.320 63,03 147.716 55,49 Remaining classes 27.612 5,45 1.099 0,41 Total Property Insurance 506.652 100,00 266.223 100,00 Life and Annuity Insurance ‐ ‐ ‐ ‐
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural disasters
Remaining property Insurance
Third party liability Insurance (vehicles)
Participation of classes of insurance in premium
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural disasters
Remaining property Insurance
Third party liability Insurance (vehicles)
Participation of classes of insurance in claims
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance
(vehicles)
Participation of classes of insurance in premium
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
Type: Joint‐stock company
Address: “Gjuro Gjakovik” str. no.46, 1000 Skopje
Telephone: +3892 3 118 560
Fax: +3892 3 215 780
Web site: www.albsig.com.mk
E – mail: [email protected]
Date of registration: 08.05.2007
Administrative expenses in 000 denars
Date of foundation: 26.04.2007
2007 2008 2009 38.579 89.244 81.810
Stipulated premium
in 000 denars
2007 2008 2009
75.996 287.287 248.851
Settled claims in 000 denars
2007 2008 2009 539 32.533 45.785
Full time employees: 97
Representative offices: 26
Foreign capital: 100%
Premium and claims per classes for 2009
Premium Claims In 000 denars Structure In 000 denars Structure
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
Remaining property Insurance 2.325 0,93 1.024 2,24 Third party liability Insurance (vehicles) 205.039 82,39 35.153 76,78 Remaining classes 15.948 6,41 2.317 5,06 Total Property Insurance 248.851 100,00 45.785 100,00 Life and Annuity Insurance ‐ ‐ ‐ ‐
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%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance
(vehicles)
Participation of classes of insurance in claims
200920082007
32
CROATIA
12,51% 13,57% 3,17% 4,22% 62,84%
0%
50%
100%
Accident Passenger vehicles (full coverage)
Insurance of property against fire and natural
disasters
Remaining property Insurance
Third party liability Insurance
(vehicles)
Participation of classes of insurance in premium
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
Type: Joint‐stock company
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
E – mail: [email protected]
Date of registration: 06.052009
Administrative expenses in 000 denars
Date of foundation: 10.02.2009
2007 2008 2009 ‐ ‐ 21.545
Stipulated premium
in 000 denars
2007 2008 2009
‐ ‐ 33.632
Settled claims in 000 denars
2007 2008 2009 ‐ ‐ 720
Full time employees: 20
Representative offices: 4
Foreign capital: 100%
Premium and claims per classes for 2009
Premium Claims In 000 denars Structure In 000 denars Structure
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%
Accident Passenger vehicles (full coverage)
Remaining property Insurance
Third party liability Insurance (vehicles)
Participation of classes of insurance in claims
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
Type: Joint‐stock company
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
Administrative expenses in 000 denars
Date of foundation: 23.01.2004
2007 2008 2009 15.249 22.888 10.638
Stipulated premium
in 000 denars 2007 2008 2009
49.148 91.237 113,436
Settled claims in 000 denars
2007 2008 2009 2.982 5.540 9.699
Full time employees: 17 Representative offices: 10 Foreign capital: 93.5%
Premium and claims per classes for 2009
Premium Claims In 000 denars Structure In 000 denars Structure
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
Type: Joint‐stock company
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
E – mail: [email protected]
Date of registration: 14.02.2007
Administrative expenses in 000 denars
Date of foundation: 01.02.2007
2007 2008 2009 4.098 10.507 13.429
Stipulated premium
in 000 denars 2007 2008 2009
69.429 142.584 165.332
Settled claims in 000 denars
2007 2008 2009 1.284 3.748 2.815
Full time employees: 9 Representative offices: 10
Foreign capital: 100%
Premium and claims per classes for 2009
Premium Claims In 000 denars Structure In 000 denars Structure
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
QBE Vardar Euroins SavaTabak Winner Eurolink Insig Uniqa Insurance Policy
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
QBE Vardar Euroins SavaTabak Winner Eurolink Insig Uniqa Insurance Policy
Albsig Croatia Croatia Life
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
QBE Vardar Euroins SavaTabak Winner Eurolink Insig Uniqa Insurance Policy
Albsig Croatia Croatia Life
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%
QBE Vardar Euroins SavaTabak Winner Eurolink Insig Uniqa Insurance Policy
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
QBE Vardar Euroins SavaTabak Winner Eurolink Insig Uniqa Insurance Policy
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
QBE Vardar Euroins SavaTabak Winner Eurolink Insig Uniqa Insurance Policy
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
% in the total stipuilated premium of the broker companies
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
Stipulated premium Web site: +3892 3 231 252
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
Participation of capital: 100% domestic
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
% in the total stipuilated premium of the broker companies
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
Participation of the companies in the gross premium
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
Participation of the companies in the gross premium
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
Stipulated premium Web site: +3892 3 220 832
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
Participation of capital: 40% domestic
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
Type: Joint‐stock company
Address:
“Mitropolit T. Gologanov” str.58 1000 Skopje Full time employees 6
Fax: +3892 3 215 302
Stipulated premium Web site: +3892 3 215 301
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
Participation of capital: 100% domestic
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
% in the total stipuilated premium of the broker companies
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WFP
MOBILITY
91,2%8,8%
0%
50%
100%
Remaining companies
WFP
% in the total stipuilated premium of the broker companies
5,2% 38,0% 56,9%
5,5% 51,7% 39,9%
0%
100%
SavaTabak Croatia Life Insurance Grawe
Participation of the companies in the gross premium
2008 2009
79,9%20,1%
0%
50%
100%
Remaining companies
Mobility
% in the total stipuilated premium of the broker companies
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%
QBE Vardar Euroins SavaTabak Winner Eurolink Insig Uniqa Insurance Policy
Albsig
Participation of the companies in the gross premium
2008 2009
12 President of board of directors
General Directors
Broker company Strobl Rupert Blaze Petreski Suzana Gjukik
Type: Joint‐stock company
Address:
“Zagrebska” str. no.28b, 1000 Skopje Full time employees 16
Fax: +3892 3 298 356
Stipulated premium Web site: +3892 3 295 355
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
Type: Joint‐stock company
Address:
“Mitropolit T. Gologanov” str. no.54/3, 1000 Skopje Full time employees 32
Fax: +3892 3 181 401
Stipulated premium Web site: +3892 3 181 409
Year 2008 Year 2009 Web site: www.mobilitybroker.com.mk
E – mail: [email protected] 124,719,239 195,860,001 Date of registration : 26.05.2008
Participation of capital: 100% domestic
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
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SEDA
A‐TIM
68,0% 14,5% 17,5%
0%
50%
100%
Vardar SavaTabak Eurolink
Participation of the companies in the gross premium
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
Participation of the companies in the gross premium
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
Stipulated premium Web site: +3892 3 671 200
Year 2008 Year 2009 Web site: www.sedabroker.com.mk
E – mail: [email protected] 99,946,823 158,312,782 Date of registration : 21.05.2008
Participation of capital: 100% domestic
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
Stipulated premium Web site: +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
Participation of capital: 100% domestic
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
% in the total stipuilated premium of the broker companies
99,2%
0,8%0%
50%
100%
Remaining companies
A‐Tim
% in the total stipuilated premium of the broker companies
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
Participation of the companies in the gross premium
2009
8,9% 48,5% 9,8% 11,8% 9,8% 9,9%
0%
100%
QBE Vardar SavaTabak Winner Eurolink Insurance Policy
Participation of the companies in the gross premium
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
Stipulated premium Web site: +3892 3 119 950
Year 2008 Year 2009 Web site: www.deltains.com.mk
E – mail: [email protected] ‐ 3,411,824 Date of registration : 07.05.2009
Participation of capital: 100% domestic
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
E – mail: [email protected] ‐ 3,713,866 Date of registration : 19.09.2009
Participation of capital: 100% domestic
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
% in the total stipuilated premium of the broker companies
99,6%
0,4%0%
50%
100%
Remaining companies
Nase
% in the total stipuilated premium of the broker companies
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
Stipulated premium Web site: +3892 3 173 651
Year 2008 2009 година Web site: Во изработка
E – mail: [email protected] ‐ ‐ Date of registration : 29.10.2009
Participation of capital: 100% domestic
52