Croatia Osiguruvanje – Nezivot, one of North Macedonia’s leading non-life insurance providers, has formally announced a reduction in its share capital. The decision comes amid ongoing economic headwinds and increasing pressure on the local insurance market, where growth has slowed significantly over the past year. Market experts attribute this move to the need for enhanced financial flexibility, helping the company to better navigate uncertain market conditions and optimize its risk exposure.

The capital reduction, approved by shareholders during the recent assembly, involves several strategic objectives aimed at reinforcing the firm’s operational stability:

  • Improving capital efficiency to maintain solvency ratios aligned with regulatory requirements.
  • Freeing up liquidity to support underwriting activity and claims management in a volatile environment.
  • Adapting to changing market demands by streamlining financial…