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.

Gross written premiums from non-life insurance totaled EUR 31.87 million in January-March 2026, up by 4.33% y-o-y, while the life insurance GWP totaled EUR 7.58 million, up by 14.7% y-o-y.

At the same time, total gross claims paid increased by 13.8% to EUR 16.36 million. Of this total, life indemnities amounted to EUR 3.81 million vs. EUR 3.18 million a year before, while non-life payments increased by 12.11% y-o-y to EUR 12.55 million mostly because of the 9.8% growth reported in motor insurance.

The statistics published by Montenegrin ISA comprises data from nine insurance companies operating in the country: four life and five non-life insurers. Wiener Stadtische zivotno osiguranje remains the largest life insurer with 50.78% market, while Lovcen osiguranje is the largest non-life insurer with a 31.9% market share.

Access XPRIMM Database and download the Q12026 Montenegrin insurance market statistics.

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.

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.

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.

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.

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.

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.

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.

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%.

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.

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.

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.

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

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.

The net consolidated profit of the Montenegro's top insurer Lovcen Osiguranje, part of Slovenia's Triglav Group, rose to EUR 3.96 million in 2024 from EUR 2.83 million a year earlier, SeeNews reports.

Organized by the National Insurance Bureau of Montenegro (NBOCG), the III Montenegrin Insurance Days, a conference called “Insurance continuously seeks new knowledge”, brought together more than 120 registered participants, including leading insurance experts from Montenegro, the region and Europe, the Bureau said.

The National Insurance Bureau of Montenegro announced III Montenegrin Insurance Days - this year’s third Conference opens its doors to all interested participants from the industry who want to stay up to date with innovations, professional educational content, who are looking for practical solutions to turbulent challenges and who want to expand their network of business contacts.

The Montenegrin market reported in FY2024 a 12.34% y-o-y growth in GWP, to EUR 134.19 million, according to the preliminary figures published on the ISA's website, while the value of paid claims &indemnities increased by 20.6% y-o-y to almost EUR 60 million.

Bearing in mind complexity of the requirements of the Solvency II Directive and the need for a significant adjustment of the insurance sector, the Insurance Supervision Agency has started a series of activities so that the Montenegrin insurance sector is fully prepared for the full application of all requirements of Solvency II.

At the end of September 2024, the insurance market of Montenegro totaled EUR 102.6 million, 12.7% more y-o-y, while the value of paid claims by insurers totaled EUR 42.64 million, up by 22.84% y-o-y, according to the quarterly market data released by Insurance Supervision Agency.