Total GWP of insurance companies operating in Montenegro increased to EUR 102 million in the first seven months of 2026 from EUR 89 million in the corresponding period of 2025, according to the country’s Insurance Supervision Agency (ANO), SeeNews reports.

Non-life insurance went up to EUR 84 million in January-July from EUR 73 million the year before, while life insurance rose to EUR 18 million from EUR 16 million in the period under review, as ANO said on its website.

Eleven insurance companies operated in Montenegro at the end of July, including seven insurers active in the non-life and four insurers active in the life insurance segment. Their number rose by one in July after ANO issued a non-life insurance license to local company Wiener Stadtische Osiguranje.

In January-July, Lovcen Osiguranje held the biggest share (32.9%) in non-life insurance, followed by Sava Osiguranje with 21.2%, Uniqa Nezivotno Osiguranje with 19.0%, Generali Osiguranje Montenegro with 16.2%, Grawe Nezivotno Osiguranje with 10.6%, and Veder Nezivotno Osiguranje with 0.1%. The share of Wiener Stadtische Osiguranje on the non-life insurance market was still 0.0% at the end of July, ANO said.

In life insurance, Wiener Stadtische Zivotno Osiguranje held the biggest share of 48.8% of the seven-month GWP, followed by Lovcen Zivotna Osiguranja with 25.5%, Grawe Osiguranje with 20.4% and Uniqa Zivotno Osiguranje with 5.3%.