Montenegro

Location:
- Southeastern Europe, bordering the Adriatic Sea;
- Neighbours: Albania, Bosnia and Herzegovina, Serbia, Kosovo.

Climate:
- Mediterranean climate, hot dry summers and autumns and relatively cold winters with heavy snowfalls inland.

Natural hazards:
- destructive earthquakes.

European Union:
Official candidate


Currency: Euro
Code: EUR
- unilaterally adopted currency

Sources:






Flag



Location map
author: OCHA/ReliefWeb


 


Statistics

Montenegro 1Q2019 Insurance Companies Rankings

Montenegro 1Q2019 Market Portfolio

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Latest news



STATISTICS: MONTENEGRO, FY2016: Austrian and Slovene insurers lead the market rankings

The Montenegrin market reported a 4.2% y-o-y growth in FY2016 GWP, to EUR 80.1 million, according to the preliminary figures published on the ISA's web-site. The non-life insurance segment had the largest contribution to the aggregate figure, reporting GWP of EUR 66.5 million (83% of total GWP), while the life sector accounted for the remaining 17%, or EUR 13.7 million.


STATISTICS: Montenegrin market up by 3.5% at the end of the third quarter

In 3Q2016, the Montenegrin insurance market totaled almost EUR 60 million, a 3.5% increase y-o-y, as the Insurance Supervision Agency has reported. Compared with September 2015, non-life insurance premium was up by 3.3% (to EUR 50.1 million), while the life insurance GWP grew by 4.2% (to EUR 9.2 million).






STATISTICS: In 3Q15 MONTENEGRIN insurers issued 51,000 more contracts vs. Jan-Sep '14

Montenegrin insurance companies reported aggregate GWP of EUR 57.3 million during January-September 2015, 6.3% more y-o-y, according to the preliminary figures published on the country's Insurance Supervision Agency website. Non-life insurance premiums totaled EUR 48.5 million, up by 6.9% on the year, while the life insurance segment generated premiums of EUR 8.8 million, 4.0% more y-o-y.

STATISTICS: MONTENEGRO, 1H2015: Restarting growth

Judging by the first six months results, it seems that the Montenegrin insurance market is recovering in 2015, with improved dynamics on almost all business lines. Thus, after ending 2014 with a drop in GWP, in 1H2015 the overall premium volume went up by 4.8% y-o-y, to almost EUR 37 million.


STATISTICS: Montenegrin insurers Q1 GWP up 9%

The 11 Montenegrin insurers activating on the market reported aggregate gross written premiums of EUR 17.06 million for the January-March 2015 period, up from EUR 15.63 million in 1Q2014, the figures published by the country's Insurance Supervision Agency indicated.


STATISTICS: MONTENEGRIN market ended 2014 "in red", influenced by decreases in property and motor insurance

The Montenegrin insurance market totaled EUR 72.41 million at the end of 2014, 0.50% less y-o-y, according to the preliminary statistics published by the local Insurance Supervision Agency. As in the previous reporting periods, the two market segments recorded similar dynamics: Non-life insurance GWP was down by 3.31% (to EUR 59.85 million), while the total life insurance premium grew by 15.45% (to EUR 12.56 million).

MONTENEGRIN insurers' Nov gross written premiums edge up 0.4% m/m

Montenegrin insurance companies posted combined gross written premiums of 6.02 million euro  in November, down from 6.0 million euro a month earlier, the country's Insurance Supervision Agency said. Non-life insurance premiums totalled 4.973 million euro in November, up 1.4% on the month, data from the Insurance Supervision Agency of Montenegro indicated.

MONTENEGRO: Societe Generale Banka in bancassurance deal with Uniqa

Societe Generale Banka Montenegro said on Wednesday it has signed a deal with local non-life insurer Uniqa to enable its clients to buy insurance policies at the bank's branches. In the life insurance segment, Societe Generale Banka Montenegro partners with insurer Merkur, the lender said in a statement.


STATISTICS: MONTENEGRO 3Q2014: Slightly positive rate maintained by life insurers

In January-September 2014, the Montenegrin insurance market totaled EUR 54 million, a slight sub unitary increase of 0.4% compared to the previous year, Insurance Supervision Agency reported. Compared to 3Q2013, non-life insurance premium was down by 2.4% (to EUR 45.3 million), while the total life insurance premium grew by 17.6% (to EUR 8.6 million).