The Montenegrin insurers ended 2013 with an overall increase of the GWP of 8.7%, to almost EUR 73 million. Both life and non-life insurance businesses witnessed a positive y-o-y change, of 14.7% and 7.7% respectively.

In fact, except for the Motor Hull and health insurance classes, all the other business lines recorded a positive trend.

There are eleven insurance companies performing insurance operations on the Montenegrin insurance market, of which six life insurance companies and five non-life insurers. LOVCEN - member of Slovenian TRIGLAV Group - had a dominant position on the non-life segment (45.7% - market share), while the Austrians from GRAWE accounted for over 42.45% of life market. Yet, it is worth mentioning that both market leaders lost during the last 12 months some of their market weight (about 2pp for LOVCEN and 7pp for GRAWE).

Access www.xprimm.com and download the FY2013 Montenegrin insurance market statistics.

Market portfolio:

• Gross written premiums
• Growth rates
  

Market rankings (Life and non-life insurance):

• Gross written premiums
• Market shares 
• Growth rates