The Macedonian Insurance Industry - Governance, Risk and Compliance

1.1 What is this Report About?
1.2 Definitions

2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulation
2.3 Legislation and Market Practice by Type of Insurance
2.3.1 Life insurance
2.3.2 Property insurance
2.3.3 Motor insurance
2.3.4 Liability insurance
2.3.5 Marine, aviation and transit insurance
2.3.6 Personal accident and health insurance
2.4 Compulsory Insurance
2.4.1 Motor third-party liability insurance
2.4.2 Personal accident insurance for passengers carried by public transport
2.4.3 Aviation third-party liability insurance
2.4.4 Third-party liability insurance for motorboat owners
2.4.5 Professional indemnity insurance for insurance brokers
2.5 Supervision and Control
2.5.1 International Association of Insurance Supervisors
2.5.2 Insurance Supervision Agency
2.6 Non-Admitted Insurance Regulations
2.6.1 Overview
2.6.2 Intermediaries
2.6.3 Market practices
2.6.4 Fines and Penalties
2.7 Company Registration and Operations
2.7.1 Type of insurance organization
2.7.2 Establishing a local company
2.7.3 Foreign ownership
2.7.4 Types of license
2.7.5 Capital requirements
2.7.6 Solvency margin
2.7.7 Reserve requirements
2.7.8 Investment regulations
2.7.9 Statutory return requirements
2.7.10 Fee structure
2.8 Taxation
2.8.1 Insurance premium or policy taxation
2.8.2 Withholding taxes on premium paid overseas
2.8.3 Corporate tax
2.8.4 VAT
2.8.5 Captives
2.9 Legal System
2.9.1 Introduction
2.9.2 Access to court
2.9.3 Alternative dispute resolution (ADR)

3.1 Methodology
3.2 Contact the Publisher
3.3 About the Publisher
3.4 The Publisher's Services
3.5 Disclaimer

Table 1: Insurance Industry Definitions
Table 2: Macedonia - Insurance Regulatory Framework Key Features
Table 3: Macedonia - Life Insurance Regulatory Framework
Table 4: Macedonia - Property Insurance Regulatory Framework
Table 5: Macedonia- Motor Insurance Regulatory Framework
Table 6: Macedonia - Liability Insurance Regulatory Framework
Table 7: Macedonia - Minimum Coverage for Aircraft Third-Party Liability Per Accident and Aircraft
Table 8: Macedonia - Fees Paid by Insurance Companies and Insurance Intermediaries
Table 9:Macedonia - Corporate Tax Rates for the Financial Year 2019

Figure 1: Macedonia - Insurance Supervision and Control at Various Levels
Figure 2: Macedonia - Insurance Regulatory Frameworks for Company Registration and Operation