TREGU I SIGURIMEVE I REPUBLIKËS SË MAQEDONISË SË VERIUT NË PERIUDHËN E PANDEMISË GLOBALE COVID-19
INSURANCE MARKET OF THE REPUBLIC OF NORTH MACEDONIA DURING THE GLOBAL PANDEMIC COVID-19

Summary/Abstract: As a result of the global pandemic COVID-19, financial markets experienced significant fluctuations where the insurance market was one of them and as a result has been the subject of research in many projects and research papers. Therefore and in line with what was said above this The paper will address the insurance market developments in the Republic of North Macedonia. The insurance market in this circumstance did not remain immune to the effects and possible negative consequences and therefore the purpose of this paper is to analyze the development of the insurance market for the period 2020 compared to 2019, in some cases and several years ago. From the analyzes made at the beginning, we emphasize that in 2020 there was an economic contraction, the reduction of gross domes-tic product by 2.3% is one of the indicators. Gross written premium for 2020 decreased by 4.89% compared to the previous year, 2019. In particular in some classes as auto liability we have a decrease in gross written premium by 9.6% and at the same time a decrease of 8.7% in gross claims liquidated in yes the same class.At the same time another class analyzed is the tourist aid which had a decrease of 65% in the gross written premium. The limitation of this is research the time period, as the Covid-19 virus and its impact has not ended and continues to affect even after the completion of this research. This work leaves space to be updated in the future.

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