80

years of
safe
together

MACEDONIA Insurance AD Skopje Vienna Insurance Group

is at the very foundation of the security, trust and financial stability of the insurance industry in the Republic of North Macedonia. The first insurance company with the greatest experience and expertise locally, whose beginnings date back to 1945 as a state institute, with over two decades of international influence and knowledge, is today a stable institution within a powerful Austrian group.

The joint-stock company for insurance and reinsurance MACEDONIA Vienna Insurance Group is a leader in non-life insurance risk coverage for legal entities and individuals. Large and complex industrial entities, as well as medium and small businesses, find excellent support in our insurance offers for persons, property, motor vehicles, liability, transport, etc. The offer for individuals includes household, persons, motor vehicle, as well as travel insurance. The latest on the market is voluntary health insurance for hospital and outpatient insurance, as well as variants of coverage for serious illnesses and surgeries.

The offer is available through a widespread network of branches, insurance brokers, insurance representation agencies and banks.

Experienced salespeople are ready to clarify the offer in accordance with the needs, make a free calculation and provide easy insurance policies at any time online and in person. From our recognizable office building in Skopje and 14 branches across the country, easy accessibility of services is ensured.

Experience

The company has extensive experience with insureds and a developed database, and with digitalization, clients can choose to receive premium payment and claims processing services online or in direct contact.

Expert

The Company’s team includes experienced experts in insurance underwriting and claims assessment and liquidation, and other experienced staff characterized by strong corporate values such as responsibility, closeness to clients, and respect for diversity.

Liquidity

The company takes particular care of its liquidity, the legally permitted coverage of technical reserves and the timely execution of all due and future obligations.

Politics

Policies of monitoring contemporary trends in the industry and uncompromising financial stability, as well as constant investment in staff training, ensure the relevance of the client’s statement.

PART OF VIENNA INSURANCE GROUP

We strive to offer our customers in Austria and CEE a range of products and services tailored to their needs. Our strategy is focused on long-term profitability and stable revenue growth, making us a reliable partner in these rapidly changing times.

Vienna Insurance Group (VIG) has over 25,000 employees, working in around 50 companies in 25 countries. We create solutions that are tailored to personal and local insurance needs, which in turn makes us one of the leading insurance companies in Austria and Central and Eastern Europe (CEE).

Expertise and stability

Vienna Insurance Group is an international insurance group headquartered in the Austrian capital. With the fall of the Iron Curtain in 1989, VIG expanded rapidly and grew from a purely Austrian insurance company into an international group. VIG is synonymous with stability and expertise when it comes to financial risk protection. The Group’s origins date back to 1824. With its almost two centuries of existence and its focus on providing professional insurance coverage, we have created a solid and reliable foundation for the Group’s 20 million or so customers.

Central and Eastern Europe in focus

In addition to Austria, VIG is particularly interested in Central and Eastern Europe, considering it as its home market. The Group generates more than half of its premium income from the CEE markets. All of VIG’s operations are geared towards this region. This is mainly reflected in the forecasts for economic growth in CEE, which are expected to be twice as high as in Western Europe. At the same time, it is also about the current level of insurance density, which is still below the EU average.

Presence in local markets

VIG has a responsibility to financially protect its customers from risks. The Group follows a strategy that encompasses several brands, the so-called “multi-brand” strategy that relies on established local markets as well as local management. Ultimately, the Group’s success and customer proximity come down to the strength of each individual brand and local knowledge, or “know-how”.

Financial security and credit rating

VIG’s rating is “A+”, which means a stable position, and is given by the renowned and well-known credit rating agency Standard & Poor’s. This rating means that VIG remains at the top of the highly rated companies on the Vienna Stock Exchange and that according to the ATH index, VIG shares are leading the list. Vienna Insurance Group shares are listed on both the Vienna and Prague stock exchanges. Wiener Städtische Versicherungsverein is the permanent and main shareholder with long-term goals and owns around 70% of VIG shares. The other shares are in free float.