Montenegro
Lidija Božović appointed Executive Director of UNIQA non-life insurance, Montenegro
Lidija Božović has been appointed Executive Director of UNIQA’s non-life insurance company in Montenegro, the insurer announced.
24 September 2026STATISTICS: MONTENEGRO, 1H2026: Claims expenses grow faster than GWP, driven by motor insurance
According to preliminary figures published by the Insurance Supervision Agency of Montenegro (ISA), the business of Montenegrin insurers increased by 11.88% y-o-y in the first half of 2026, reaching EUR 84.79 million. Paid claims increased at the same time by 16.3%, to EUR 33.5 million.
20 August 2026MONTENEGRO: Montenegro's top insurer reports EUR 3.17 million in net profit in 1H2026
Montenegro's top insurer Lovcen Osiguranje, part of Slovenia's Triglav Group, has reported that its consolidated net profit rose to EUR 3.17 million in the first half of 2026, from EUR 2.97 million a year earlier, SeeNews reports.
4 August 2026MONTENEGRO: A new company enters the non-life insurance market in Montenegro
The Insurance Supervision Agency (ANO) of Montenegro has issued a decision granting the non-life insurance company Wiener städtische osiguranje Podgorica Vienna insurance group a license to conduct non-life insurance business, ANO said on its website.
4 August 2026MONTENEGRO: In January-April both non-life and life insurance see GWP rise
Total GWP of insurance companies operating in Montenegro went up to EUR 55.6 million in the first four months of 2026 from EUR 49.8 million in the like period of last year, according to the country’s Insurance Supervision Agency (ANO), SeeNews reports.
2 June 2026MONTENEGRO: Insurance Supervision Agency: cooperation with German BaFin is an important step towards modernizing the regulatory framework
Within the framework of the project "Support to the Regulation of Financial Services in Montenegro", experts from the Financial Supervisory Authority of Germany (BaFin) carried out an expert mission aimed at further improving the insurance supervision system in Montenegro, the Insurance Supervision Agency said.
28 May 2026STATISTICS: MONTENEGRO Q1 2026: in an overall positive market trend, but claims increased faster than premiums
According to preliminary figures published by the Insurance Supervision Agency of Montenegro (ISA), the business of Montenegrin insurers increased by 6.18% y-o-y in the first quarter of 2026, reaching EUR 39.45 million.
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23 April 2026MONTENEGRO: Consolidated net profit of Lovcen Osiguranje rises 23% in 2025
Montenegro's top insurer Lovcen Osiguranje, part of Slovenia's Triglav Group, has reported that its consolidated net profit rose to EUR 4.8 million in 2025 from EUR 3.9 million the year before supported by higher revenue, SeeNews wrote.
14 April 2026MONTENEGRO: Insurance market in 2025: Premium growth followed by accelerated claims growth
Although the insurance sector continues to grow, the rapid increase in claims is a key factor that will affect profitability and sustainability of insurance companies' operations in the coming period, the National Insurance Bureau of Montenegro said on its website.
6 April 2026MONTENEGRO: The insurance market rises 7% in January
Total GWP of insurance companies operating in Montenegro rose to EUR 12.8 million in January 2026 from EUR 11.9 million in the like period of last year, according to the country’s Insurance Supervision Agency, ANO, SeeNews writes.
19 March 2026STATISTICS: MONTENEGRO FY2025: Motor insurance accounts for a higher share of total claims than of gross written premiums.
At the end of 2025, the insurance market of Montenegro totaled EUR 148.3 million, 10.5% more y-o-y, while the value of paid claims by insurers reached EUR 65.45 million, up by 9% y-o-y, according to the quarterly market data released by Insurance Supervision Agency.
12 February 2026MONTENEGRO: Both non-life and life insurance segments record y-o-y growth in the first 11 months of 2025
The combined GWP of insurance companies operating in Montenegro rose to EUR 136 million in the first eleven months of 2025 from EUR 125 million a year earlier, according to the country’s Insurance Supervision Agency, ANO, SeeNews reported.
12 January 2026MONTENEGRO: In 9M2025, net profit of the Montenegro’s top insurer rises to almost EUR 3 million
In the first nine months of 2025, net profit of the Montenegro's top insurer Lovcen Osiguranje, part of Slovenia's Triglav Group, rose to EUR 2.99 million from EUR 2.45 million in the like period of 2024, SeeNews reports.
17 December 2025STATISTICS: MONTENEGRO, 3Q 2025: motor insurance set the market trends
At the end of September 2025, the insurance market of Montenegro totaled EUR 112.9 million, 10% more y-o-y, while the value of paid claims by insurers totaled EUR 45.84 million, up by 7.5% y-o-y, according to the quarterly market data released by Insurance Supervision Agency.
30 October 2025MONTENEGRO: Non-life insurance market demonstrates resilience to market shocks in the MTPL segment - the stress test shows
The results of a stress test, conducted by Insurance Supervision Agency, indicate that Montenegrin non-life insurance companies have satisfactory resilience and capital stability in conditions of a hypothetical drop in third party liability insurance premiums of 5%, 10% and 15%.
22 October 2025STATISTICS: MONTENEGRO 1H2025: Positive evolution driven by MTPL insurance
According to preliminary figures published by the Insurance Supervision Agency of Montenegro (ISA), the business of Montenegrin insurers increased by 11% y-o-y in the first half of 2025, reaching EUR 75.78 million.
2 October 2025MONTENEGRO: Lovcen Osiguranje net profit, operating revenue and GWP rise in 1H2025
Consolidated net profit of the Montenegro's top insurer Lovcen Osiguranje, part of Slovenia's Triglav Group, reached EUR 2.97 million in the first half of 2025, up from EUR 2.35 million a year earlier, SeeNews writes.
11 August 2025MONTENEGRO: In January-April the insurance sector generates almost EUR 50 million
From January to April this year total GWP of insurance companies operating in Montenegro rose to almost EUR 50 million from 46 EUR million a year earlier, according to the country’s Insurance Supervision Agency, ANO, SeeNews reports.
11 June 2025STATISTICS: Montenegro Q1 2025: positive overall trend supported by motor insurance
According to preliminary figures published by the Insurance Supervision Agency of Montenegro (ISA), the business of Montenegrin insurers increased by 7.8% y-o-y in the first quarter of 2025, reaching EUR 37.16 million
21 May 2025MONTENEGRO: In 1Q net profit of Lovcen Osiguranje almost reached EUR 1.5 million
Montenegro's top insurer Lovcen Osiguranje, part of Slovenia's Triglav Group, in 1Q2025 increased its net consolidated profit to EUR 1.49 million from EUR 1.04 million a year earlier, SeeNews reports.
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