Slovenia's Triglav to enter Macedonia's life insurance market


Slovenian insurer Triglav said on Friday it will enter the life insurance market in Macedonia in early November, by establishing a new company, Triglav Osiguruvanje Zivot.

The group has been present in Macedonia since 2007, but only in the non-life insurance market, where it holds the leading position with an 18% market share, Triglav said in a filing with the Ljubljana bourse.

"The group is expanding its business to the life insurance segment, as it sees potential for growth in this market due to lower insurance penetration," Triglav explained.

The insurer expects that market conditions will be challenging because the life insurance segment is closely linked to the general economic situation in a country. 

Currently, four life insurance companies are operating in tight competitive conditions in Macedonia.

SOURCE: SEENEWS

Comments

Most Read

Macedonian police stopped 43 illegal migrants

Macedonia: Twenty percent more Dutch tourists during the summer season

Vlach’s National Day marked in Skopje

Evans Bevot won 14th Skopje Marathon

New Europe: Zaev’s “Ilinden Gambit” melts down in Athens and Skopje

Evergreens

City of Skopje subsidizes pellet heating

New evidence: in the 70’s Greece had no problem with our country’s name Macedonia

More than 30000 Macedonians in Sydney

Macedonia Marks 10 Years of Tose Proeski's Death

Czech Republic to keep assisting Macedonia in guarding of its southern border