Montenegro

Location:
- Southeastern Europe, bordering the Adriatic Sea;
- Neighbours: Albania, Bosnia and Herzegovina, Serbia, Kosovo.

Climate:
- Mediterranean climate, hot dry summers and autumns and relatively cold winters with heavy snowfalls inland.

Natural hazards:
- destructive earthquakes.

European Union:
Official candidate


Currency: Euro
Code: EUR
- unilaterally adopted currency

Sources:






Flag



Location map
author: OCHA/ReliefWeb


 


Statistics

Montenegro TY2018 Timeline

Montenegro FY2018 Market Portfolio

See all statistics

Latest news

STATISTICS: MONTENEGRO, 2008-2017: life insurance GWP increased by 95.5%

In 10 years, between 2008 and 2017, the insurance market in Montenegro grew by EUR 21.2 million (+35.0%) in terms of gross written premiums (GWP). More than half of the market was represented by motor insurance classes. Life insurance maintained a positive trend the whole decade.














STATISTICS: MONTENEGRO, FY2016: Austrian and Slovene insurers lead the market rankings

The Montenegrin market reported a 4.2% y-o-y growth in FY2016 GWP, to EUR 80.1 million, according to the preliminary figures published on the ISA's web-site. The non-life insurance segment had the largest contribution to the aggregate figure, reporting GWP of EUR 66.5 million (83% of total GWP), while the life sector accounted for the remaining 17%, or EUR 13.7 million.


STATISTICS: Montenegrin market up by 3.5% at the end of the third quarter

In 3Q2016, the Montenegrin insurance market totaled almost EUR 60 million, a 3.5% increase y-o-y, as the Insurance Supervision Agency has reported. Compared with September 2015, non-life insurance premium was up by 3.3% (to EUR 50.1 million), while the life insurance GWP grew by 4.2% (to EUR 9.2 million).