−0.6%
North Macedonia's premium fell 0.6% in the first half of 2026 after growing 11.4% a year since 2021
Premium written in North Macedonia in the first half of 2026 was 0.6% below the first half of 2025, the only fall among the seventeen markets with figures for 2026, after four years of growth between 9.9% and 12.3%. One insurer explains it: Eurolink's premium fell 43% from an unusually large first half of 2025; the rest of the market grew 7.5%.
North Macedonian insurers wrote €154m of premium in the first half of 2026, against €155m a year earlier: −0.6% in denars (the denar moved less than half a percent against the euro). The year before, the market had grown 12.3%, and 11.4% a year since 2021, the fifth-fastest of the 18 markets. Every other market with figures for 2026 grew.
The fall is one insurer's. Eurolink, part of GRAWE, wrote €25m in the first half of 2025, more than any other insurer in that half and 71% of its whole year (€35m, 11.9% of the market); in the first half of 2026 it wrote €14m, 43% less. So the first half of 2026 compares with an unusually high base. Without Eurolink, the market grew 7.5%.
The lead changed hands through a merger: VIG merged Winner into Makedonija in February 2024. Together the two held 15.1% of premium in 2021, more than Triglav's 11.5%; Makedonija, now the largest insurer with 12.7%, leads the first half of 2026 too, and Triglav is fourth with 9.5%. No insurer holds more than 12.7% of a market of 17 insurers and €291m of premium.
Half-year premium is the Insurance Supervision Agency's quarterly table of written premium from January to June, per insurer; the full years come from the same tables for the fourth quarter. The chart shows each market's 2026 year to date against the same period of 2025, with its full-year 2025 growth as the thin bar under it, both in local currency; North Macedonia is the red bar.
The numbers behind it
More insights
Premium is 2.1% of GDP across the 18 markets and outgrew it in 8 of them
2.1%The 18 markets wrote €56.87bn of premium in 2025, 2.1% of their GDP and €479 per person, while their GDP per person is 54% of the EU average. Scroll through the gap per person, growth since 2021 before and after inflation, where premium outgrew the economy and the outlook to 2028.
Serbia's premium grew 12.5% a year since 2021, the fastest in the Western Balkans
+12.5% a yearSerbian insurers wrote €1.63bn of premium in 2025, 60% more than in 2021: 12.5% a year in dinars, the fastest of the six Western Balkan markets and fourth of the 18 Polisa covers. Growth has not changed who writes it: Dunav and Generali hold 45% between them, against 46% in 2021. Premium is still 1.8% of GDP.
Lithuania and Moldova have grown fastest since 2021
+13.6%Premium in Lithuania grew 13.6% a year from 2021 to 2025, in Moldova 14.8% in lei. Slovakia, Poland, Czechia and Croatia grew about half as fast.
Pages behind it
When the figures change
Every data update is listed with its date, newest first: new figures, corrections and what they changed.
What changedCiteCite this pageThe reference in APA style and as BibTeX, each with a copy button, and the terms of reuse
Polisa compiles the figures; the original sources are named on this page and on the method page.
Polisa. (2026). North Macedonia's premium fell 0.6% in the first half of 2026 after growing 11.4% a year since 2021 [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/insights/north-macedonia-stops-growing-in-2026
BibTeXShow entry
@misc{polisa_insights_north_macedonia_stops_growing_in_2026_2026,
author = {{Polisa}},
title = {North Macedonia's premium fell 0.6% in the first half of 2026 after growing 11.4% a year since 2021},
year = {2026},
version = {2026-11-11.13378f},
howpublished = {\url{https://polisapro.com/insights/north-macedonia-stops-growing-in-2026}},
note = {Accessed 11 November 2026}
}Reuse: Polisa's compilation CC BY 4.0 · source data under each publisher's terms, see Method.