In January-September 2013, the Montenegrin insurance market totaled EUR 53.6 million, 4.9% more y-o-y, according to preliminary data published by the Insurance Supervision Agency. The structure of GWP was composed of 86.4% - non-life insurance, while the share of life insurance increased from 12.6% to 13.6% - due the higher growth rate than the market average (13.6% y-o-y).

As in previous reporting periods, the non-life segment was characterized by the dominant share of motor policies (54% of total market), among which the largest share belonged to compulsory MTPL insurance (47%). Other insurance segments with significant shares in the market portfolio were property classes (that generated more than 12% of the total profile market) and accident policies - 11.3%.

There are eleven insurance companies performing insurance operations on the Montenegrin insurance market - six insurance companies perform only life insurance operations and five non-life insurers. LOVCEN - member of Slovenian TRIGLAV Group - had a dominant position on the non-life segment (46% - market share), while the Austrians from GRAWE accounted for over 41% of life market.

Access www.xprimm.com and download the  3Q2013 Montenegrin insurance market statistics.


Market portfolio:

• Gross written premiums
• Growth rates
  

Market rankings (Total, life and non-life insurance):

• Gross written premiums
• Market shares 
• Growth rates