Montenegro

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Location map
author: OCHA/ ReliefWeb


Location:
- Southeastern Europe, bordering the Adriatic Sea;
- Neighbours: Albania, Croatia, Bosnia and Herzegovina, Serbia, Kosovo.

Climate:
- Mediterranean climate, hot dry summers and autumns and relatively cold winters with heavy snowfalls inland.

Natural hazards:
- destructive earthquakes.

Macro indicators
* 2018 estimates
Surface:13,812km2
Population*:0.6million
Pop. density*:44.9people/km2
GDP*:4.6EUR billion
GDP/capita*:7,323.0EUR

European Union:
Official candidate

Currency: Euro
Code: EUR
- unilaterally adopted currency


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:18%
TOTAL NON-LIFE*:82%
Overall Property*:12%
Overall Motor*:50%


Sources:





 


Statistics

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Montenegro 3Q2022 Market Portfolio

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Montenegro 3Q2022 Insurance Companies Rankings


See all statistics

Latest news

VIG: Market entry in Montenegro - Entry into the property/casualty insurance business in Lithuania

VIENNA Insurance Group is continuing its expansion path into Central and Eastern Europe even during economically difficult times and underscores its commitment to these future markets. With the market entry planned in Montenegro, the leading insurance group of this region will develop the overall 24th country as a market for itself. Furthermore, the non-life insurance business in Lithuania will be started from Poland. At the same time, the DONAU Versicherung is extending its product range on the Italian market and is going to sell motor liability insurance.