New Market Report: The Insurance Industry in Macedonia, Key Trends and Opportunities to 2016
The Macedonian insurance industry is at a nascent stage of development and grew at a CAGR of 2.7% over the course of the review period. The increase is a consequence of strong performance in the life segment which registered a CAGR of 30.5% and is attributed to an increased demand in the domestic market for effective life insurance products. Insurance industry growth was further enhanced by economic development and the demand for international companies to enter the industry.
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