STATISTICS: MONTENEGRO, 3Q2017: Life and damages to property insurance lines, the most dynamic

According to data provided by the Insurance Supervision Agency of Montenegro, local insurers have ended 3Q2017 with GWP of EUR 61.2 million, 3.2% up y-o-y.

With an above average growth rate, life insurance slightly increased its market portfolio share to 16%, and reported GWP of nearly EUR 10 million.

Non-life segment's best performer was the property insurance segment, which saw a consolidated y-o-y growth rate of 8.6% in GWP. This results was entirely achieved thanks to the "damages to property" line, which recorded a double digit increase in GWP, to EUR 5.22 million.

Grawe osiguranje leads the life insurance market (34% GWP share), while on the non-life side the market leader is Lovcen osiguranje (44%), part of the Slovene TRIGLAV group.

Access www.xprimm.com and download the 3Q2017 Montenegrin insurance market statistics.

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

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