STATISTICS: MONTENEGRO 1H2017: GWP of EUR 40 million for the smallest CEE market

According to the centralized CEE figures, in terms of gross written premiums, at the end of June 2017, the insurance market of Montenegro was the smallest among all 17 CEE countries: GWP of EUR 40 million, up by 3.5% y-o-y.

The market figures published by the local Insurance Supervision Agency (ISA) reveal that

gross written premiums from non-life insurance represented 83.5% of Montenegrin's insurance market - about EUR 33.4 million, an increase of 2.7% y-o-y. On the other hand, life business GWP was up by 7.3% y-o-y to EUR 6.6 million.

In terms of GWP, in absolute values, the market growth rate was mostly driven by the property segment (+EUR 1 million to EUR 5.3 million), life (+ EUR 448 thousand) and MoD (+EUR 306 thousand).

Find detailed 1H2017 market data in the forthcoming edition of the XPRIMM Insurance Report CEE, SEE & CIS - 1H2017, to be launched on 22 October.

Access www.xprimm.com and download the 1H2017 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

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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