Based on the preliminary data provided by the local insurance companies, total GWP for the period amounted to EUR 86.9 million, which is 9.5% more y-o-y or EUR 7.5 million higher than for the same period of 2018.
Life insurance recorded the highest nominal growth, by EUR 1.6 million (+13.5% y-o-y).
For 11 months ended, the companies with biggest shares in non-life insurance were Lovcen osiguranje (42.7%), Sava osiguranje (17.7%), Generali osiguranje Montenegro (15.6%), Uniqa nezivotno osiguranje (15.5%) and Swiss osiguranje (8.5%). The biggest contribution to the life GWP was made by Grawe osiguranje (40%), Wiener Stadtische zivotno osiguranje (27.1%), Lovcen zivotna osiguranja (21.6%) and Uniqa zivotno osiguranje (11.4%).
A complete preliminary report on the market GWP for 11 months of 2019 is available on the official website of the Insurance Supervision Agency.