STATISTICS: Montenegrin insurance market expanded to EUR 49 million during H1

14 September 2021 — Andrei Victor
At the end of June 2021, the Montenegrin insurance market totaled EUR 49 million, about EUR 2.5 million more vs. H1 2020 aggregate market GWP, according to the latest figures published by the local Insurance Supervision Agency (ISA).

Gross written premiums from non-life insurance represents 81.25% of Montenegrin's insurance market - about EUR 39.8 million, up by 6.5% y-o-y, while, life business GWP was up by 1% y-o-y to EUR 9.2 million.

Per lines of business, the largest life insurer in the country was GRAWE Osiguranje, a unit of Austrian GRAZER Wechselseitige Versicherung, with a GWP volume of EUR 3 million and a market share of 33%, while LOVCEN Osiguranje, a subsidiary of Slovenian insurance group TRIGLAV, was the biggest non-life insurer with GWP of EUR 17 million and a market share of 42.8%.

Access and download the latest Montenegrin insurance market statistics.

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