New Market Research Report: The Insurance Industry in Macedonia, Key Trends and Opportunities to 2017
The Macedonian insurance industry is small and in the developmental stage with the insurance penetration rate standing at 1.52% at the end of 2012. The industry was largely unaffected by the global financial crisis. Overall, gross written premiums expanded at a CAGR of 2.2% during the review period (2008-2012), led by a strong performance in the life insurance segment which registered a CAGR of 22.4%. Insurance industry growth was also supported by gradual economic development and an increase in the...
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