The 1Q2013 results of the Montenegrin insurance market confirmed the trends already visible by the end of 2012 - an obviously slowing growth trend on the non-life insurance segment together with a continuously improving dynamic on the life insurance lines. Thus, the overall GWP volume amounted to EUR 16.05 million, 2.8% up y-o-y, while GWP went up y-o-y by 10% for the life insurance segment and by only 1.7% for the non-life business lines.

Maybe the most interesting change in the market evolution is the progress recorded on the "damages to property" line, a class with an about 7.5% weight in the market portfolio, for which GWP increased by over 21% y-o-y, most probably due to the Government decision to subsidize insurance premiums for agriculture output.

With a cumulated market share of about 73%, LOVCEN, DELTA Generali and SAVA Montenegro are leading the overall market ranking, while of the non-life sector the same companies are gathering a total share of over 83% of the GWP. On the life side, the market leader position belongs to GRAWE, followed by UNIQA Life and LOVCEN Life, all together cumulating a market share of almost 72%.

Access www.xprimm.com and download the 1Q2013 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