Gross written premiums from non-life insurance totaled EUR 19.86 million in January-March 2021, down by 3.30% y-o-y, while the life insurance GWP totaled EUR 4.08 million, was down by 6.40%, according to preliminary figures published by the Insurance Supervision Agency of Montenegro (ISA).
Total gross claims paid increased by almost 12% to EUR 10.13 million, as follows:
- Life indemnities increased by 51.37% y-o-y to EUR 2.17 million
- Non-life payments increased by 4.31% y-o-y to EUR 7.97 million
Access XPRIMM Database and download the Q12021 Montenegrin insurance market statistics.