STATISTICS: MONTENEGRO, 1H2015: Restarting growth

Judging by the first six months results, it seems that the Montenegrin insurance market is recovering in 2015, with improved dynamics on almost all business lines. Thus, after ending 2014 with a drop in GWP, in 1H2015 the overall premium volume went up by 4.8% y-o-y, to almost EUR 37 million.

The positive trend was visible both for the life and non-life insurance segments of the market, but the improved dynamic was more evident for the non-life business which recorded a GWP growth rate of 5.3% y-o-y.

Although still very small in numbers, the property insurance segment saw a double digit growth for the "fire insurance" class.

Motor insurance classes account for about 50% of the total GWP volume and recorded a modest positive evolution in premium terms, especially on the Motor Hull line which saw an almost y-o-y 7% growth in GWP.

Access www.xprimm.com and download the 1H2015 Montenegrin insurance market statistics.

More about the Montenegrin insurance market evolution in 1H2015 will be available in the forthcoming issue of XPRIMM Insurance Report 1H2015, to be released on October, 18th, on the occasion of the Baden-Baden XPRIMM Reception (Kurhaus Casino, Runder Saal, 18:30 - 20:30 hours - register here).

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

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