STATISTICS: MONTENEGRO 1H2016: GRAWE and LOVCEN are holding the largest shares on the life and non-life GWP

Montenegro insurers' GWP increased by 4.50% y-o-y to EUR 38.65 million in the first half of the year, according to the figures published by the Insurance Supervision Agency. The aggregate value of gross claims paid was EUR 14.73 million, 1.60% more y-o-y.

Gross written premiums from non-life insurance represented 84.12% of Montenegrin's insurance market and increased by 4.95% y-o-y to EUR 32.52 million, mostly driven by the growth rates reported on accident, health and the two motor insurance classes, while the life insurance GWP was up by an annual 2.20% to EUR 6.14 million.

According to the ISA's latest statistics, the main player on the life insurance segment was GRAWE osiguranje with 34.6% market share, while on the non-life insurance segment, the market leader was LOVCEN osiguranje with 44.65% share.

Access www.xprimm.com and download the 1H2016 Montenegrin insurance market statistics.

Market portfolio:
  • Gross written premiums
  • Claims
  • Growth rates
Market rankings (Life and non-life insurance):
  • Gross written premiums
  • Market shares 
  • Growth rates

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

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