In the analyzed period, the value of paid claims by insurers decreased by 2% to EUR 21.2 million, of which more than EUR 18 million were accounted by the 18th non-life sub-classes.
Compared with 3Q2014, during January-September 2015 Montenegrin insurers issued about 51,000 more policies (373,236 vs. 322,523) due the increases reported on supplementary life insurance class (~18,000 policies more), MTPL (~9,000), travel (~6,000) or accidents (~4,000).
At the same time, the eleven local insurers settled in the analyzed period about 27,062 claims (vs. 24,615 in 3Q2014), of which about 8,800 related to accidents insurance contracts, 8,100 - Motor TPL, 2,800 - health, 2,300 - Motor hull, 2,000 - life or 1,800 - property.
In terms of GWP, LOVCEN Osiguranje had the biggest market share of 44.5% in the non-life insurance segment, while GRAWE Osiguranje was the market leader in the life field with a share of 36.9%.
Access www.xprimm.com and download the 3Q2015 Montenegrin insurance market statistics.
- Aggregate market portfolio (GWP, claims, growth rates)
- Life & non-life rankings (GWP, growth rates, market shares)