STATISTICS: MONTENEGRO 3Q2014: Slightly positive rate maintained by life insurers
The decrease of non-life sector was due the negative rates reported by the two main segments as share in total GWP: motor (MTPL and CASCO, summed) - which was comprised by 1.9% and property: down by -5.8%. All in all, the share of the two segments in total insurance market decreased by 2pp to 64%. On the other hand, the greatest premium growth was generated by the accidents insurance class: +10.4% to EUR 6.7 million.
In life insurance, the largest market share of 35.4% (EUR 3 million) was generated by GRAWE Insurance, while in non-life, the market leader with the greatest GWP was LOVCEN Insurance (member of Slovenian-based TRIGLAV Group): market share of 43.5% (EUR 19.7 million).
Access www.xprimm.com and download the 3Q2014 Montenegrin insurance market statistics - market portfolio & market rankings: GWP, claims, growth rates, shares.