Montenegro

Location:
Southeastern Europe, between the Adriatic Sea and Serbia

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

Natural hazards:
destructive earthquakes

Currency: EURO

Sources:
Insurance Supervision Agency of Montenegro
Central Bank of Montenegro

Insurance statistics

1Q2017Market Portfolioxlsx
1Q2017Insurance Companies Rankingsxlsx
FY2016
Market portfolioxlsx
FY2016Insurance companies rankingsxlsx
3Q2016Market Portfolioxlsx
3Q2016Insurance Companies Rankingsxlsx
1H2016Market portfolioxlsx
1H2016Insurance companies rankingsxlsx
1Q2016Market Portfolioxlsx
1Q2016Insurance Companies Rankingsxlsx
FY2015
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FY2015Insurance companies rankingsxlsx
3Q2015Market Portfolioxlsx
3Q2015Insurance Companies Rankingsxlsx
1H2015Market portfolioxlsx
1H2015Insurance companies rankingsxlsx
1Q2015Market Portfolioxlsx
1Q2015Insurance Companies Rankingsxlsx
FY2014
Market portfolioxlsx
FY2014Insurance companies rankingsxlsx
3Q2014Market Portfolioxlsx
3Q2014
Insurance Companies Rankingsxlsx
1H2014Insurance market overview pdf
1H2014Market Portfolioxlsx
1H2014Insurance Companies Rankingsxlsx
1Q2014Market Portfolioxlsx
1Q2014Insurance Companies Rankingsxlsx
FY2013Insurance market overview pdf
FY2013
Market portfolioxlsx
FY2013Insurance Companies Rankingsxlsx
3Q2013Market Portfolioxlsx
3Q2013Insurance Companies Rankingsxlsx
1H2013Insurance market overview pdf
1H2013Market Portfolioxlsx
1H2013Insurance Companies Rankingsxlsx
1Q2013Market Portfolioxlsx
1Q2013Insurance Companies Rankingsxlsx
FY2012Insurance market overview pdf
FY2012Market Portfolioxlsx
FY2012Insurance Companies Rankingsxlsx
3Q2012Market portfolioxlsx
3Q2012Insurance companies rankingsxlsx
1H2012Insurance market overview pdf
1H2012Market Portfolioxlsx
1H2012Insurance Companies Rankingsxlsx
1Q2012Market Portfolioxlsx
1Q2012Insurance Companies Rankingsxlsx
FY2011Insurance market overview pdf
FY2011Market Portfolioxlsx
FY2011Insurance Companies Rankingsxlsx
3Q2011Market portfolioxlsx
3Q2011Insurance companies rankingxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxls
2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
2009Montenegrin insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls
1H2010Montenegrin insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankings (total & main lines)xls


Montenegro 3Q2017 Insurance Companies Rankings

Montenegro 3Q2017 Market Portfolio

See all statistics

MONTENEGRO's insurance market down 1% y-o-y in H1

Montenegro's insurance market declined by 1% on the year to EUR 35.3 million in the first six months of the current year, according to data provided by the Insurance Supervision Agency (ANO). Gross written premiums from non-life insurance totaled EUR 29.4 million, down by 4.4% y-o-y and accounted for ~83.4% market share, slightly lower compared to 1H 2013 (86.3%). The premiums in the life-insurance segment increased in absolute value by almost EUR 1 million to EUR 5.9 million (up by 19.8% on the year).

UNIQA MONTENEGRO increases market share

Uniqa Montenegro closed the third quarter of 2013 with encouraging figures. The premium volume increased by 11.2 per cent to 7.9 million euros (1-9 / 2012: 7.1 million euros). In a market characterised by stable growth, UNIQA Montenegro expanded its market share by 0.8 percentage points to 14.6 per cent (1-9 / 2012: 13.8 per cent), meaning that it ranks at fourth place on the Montenegrin insurance market.

MONTENEGRO, 3Q2013: Positive dynamics are maintained in almost all segments

In January-September 2013, the Montenegrin insurance market totaled EUR 53.6 million, 4.9% more y-o-y, according to preliminary data published by the Insurance Supervision Agency. The structure of GWP was composed of 86.4% - non-life insurance, while the share of life insurance increased from 12.6% to 13.6% - due the higher growth rate than the market average (13.6% y-o-y).

MONTENEGRO 1H2013: +4.71% y-o-y

The 1H2013 results of the Montenegrin insurance market confirmed the trends already visible by the end of 2012 and in the first quarter of 2013 - an obviously slowing growth trend on the non-life insurance segment together with a continuously improving dynamic on the life insurance lines. Thus, the overall GWP volume amounted to EUR 35.64 million, 4.71% up y-o-y, while GWP went up by 11.62% y-o-y for the life insurance segment and by only 3.7% for the non-life business lines.

MONTENEGRO 1Q2013: Beginning of 2013 confirms the trends witnessed in 2012

The 1Q2013 results of the Montenegrin insurance market confirmed the trends already visible by the end of 2012 - an obviously slowing growth trend on the non-life insurance segment together with a continuously improving dynamic on the life insurance lines. Thus, the overall GWP volume amounted to EUR 16.05 million, 2.8% up y-o-y, while GWP went up y-o-y by 10% for the life insurance segment and by only 1.7% for the non-life business lines.