STATISTICS: MONTENEGRIN insurers' GWP rose 3.8% y-o-y in Q1

The aggregate GWP of the 11 insurance companies operating in Montenegro has increased by 3.8% y-o-y to EUR 17.4 million in Q1 2017, data from the Insurance Supervisions Agency shows.

The non-life insurance segment accounted for EUR 14.4 million of the total GWP, up by 3.3% on the year, while the life-insurance companies contributed the remainder, which was 6.7% higher y-o-y.

GRAWE osiguranje, a unit of Austrian GRAZER Wechselseitige Versicherung, was the largest life insurer - GWP of EUR 0.9 million, market share of 31%.

LOVCEN osiguranje, a unit of Slovenian insurance group TRIGLAV, was the biggest non-life insurer in Montenegro with GWP of EUR 6.7 million, up by 8.1% on the year, and a market share of 46.2%.

Access www.xprimm.com and download the 1Q2017 Montenegrin insurance market statistics.

Market portfolio:
  • Gross written premiums
  • Claims
  • Growth rates
Market rankings (Life and non-life insurance):
  • Gross written premiums
  • Market shares 
  • Growth rates

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