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
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3Q2016Market Portfolioxlsx
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1H2016Market portfolioxlsx
1H2016Insurance companies rankingsxlsx
1Q2016Market Portfolioxlsx
1Q2016Insurance Companies Rankingsxlsx
FY2015
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3Q2015Market Portfolioxlsx
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1H2015Market portfolioxlsx
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1Q2015Market Portfolioxlsx
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FY2014
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3Q2014Market Portfolioxlsx
3Q2014
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1H2014Insurance market overview pdf
1H2014Market Portfolioxlsx
1H2014Insurance Companies Rankingsxlsx
1Q2014Market Portfolioxlsx
1Q2014Insurance Companies Rankingsxlsx
FY2013Insurance market overview pdf
FY2013
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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 1H2018 Market Portfolio

Montenegro 1H2018 Insurance Companies Rankings

See all statistics

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.

Montenegrin market continued its upward trend: over 3% growth in 2012

In the financial year 2012, the gross premiums written by the Montenegrin insurers amounted to EUR 66.8 million, representing a very slight increase, of only 3% y-o-y, as the Insurance Supervision Agency reported. Compared with FY2011, non-life insurance premiums grew by almost 3 % (to EUR 57.3 million), while the total life insurance premiums grew by 5% (to EUR 9.5 million). "Even if in Montenegro the volume of premiums does not seem very high, the insurance density is comparable to other larger countries, such as Bulgaria, Romania or Serbia, which is about EUR 100 per capita," declared Boris SABAN, Executive Director, National Bureau of Montenegro Insurers, last week at the International Insurance Forum in Istanbul.

MONTENEGRO 3Q2012: insurance market maintains the ascending trend

In January-September 2012, the gross premium written by the Montenegrin insurers amounted to EUR 51.1 million, slightly increasing by 4.18% in relation to the previous year, Insurance Supervision Agency reported. Compared to 3Q2011, non-life insurance premium grew by 4.3% (to EUR 44.7 million), the while the total life insurance premium grew by 3.28% (to EUR 6.4 million).

MONTENEGRO: DELTA GENERALI hikes capital

Montenegrin insurer Delta Generali osiguranje has boosted its capital by EUR 879,000 (USD 1.15 million) as it merged its life-insurance unit Delta Generali zivotna osiguranja.

MONTENEGRO: intense battle among the top market ranking companies

The Montenegrin insurance market ended the first half of 2012 with a 6.37% growth in terms of GWP, to EUR 34 million. With few exceptions, all insurance lines recorded a positive dynamic, in spite of a difficult economic environment which leaded to rising unemployment rate - up by 1.5pp as compared to July 2011, to 12.65% -, and decreasing average wage of the Montenegrin citizens.

MONTENEGRO, 1Q2012: GWP rose 14%

According to data of the Insurance Supervision Agency of Montenegro, gross premiums for the 12 insurance companies totaled EUR 15.6 million at the end of March, up 14.2% in relation to the same period of 2011.