STATISTICS: MONTENEGRO, 3Q2017: Life and damages to property insurance lines, the most dynamic

14 December 2017 — Daniela GHETU
According to data provided by the Insurance Supervision Agency of Montenegro, local insurers have ended 3Q2017 with GWP of EUR 61.2 million, 3.2% up y-o-y.

With an above average growth rate, life insurance slightly increased its market portfolio share to 16%, and reported GWP of nearly EUR 10 million.

Non-life segment's best performer was the property insurance segment, which saw a consolidated y-o-y growth rate of 8.6% in GWP. This results was entirely achieved thanks to the "damages to property" line, which recorded a double digit increase in GWP, to EUR 5.22 million.

Grawe osiguranje leads the life insurance market (34% GWP share), while on the non-life side the market leader is Lovcen osiguranje (44%), part of the Slovene TRIGLAV group.

Access www.xprimm.com and download the 3Q2017 Montenegrin insurance market statistics.

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