According to preliminary figures published by the Insurance Supervision Agency of Montenegro (ISA), the business of Montenegrin insurers increased by 6.18% y-o-y in the first quarter of 2026, reaching EUR 39.45 million.

Gross written premiums from non-life insurance totaled EUR 31.87 million in January-March 2026, up by 4.33% y-o-y, while the life insurance GWP totaled EUR 7.58 million, up by 14.7% y-o-y.

At the same time, total gross claims paid increased by 13.8% to EUR 16.36 million. Of this total, life indemnities amounted to EUR 3.81 million vs. EUR 3.18 million a year before, while non-life payments increased by 12.11% y-o-y to EUR 12.55 million mostly because of the 9.8% growth reported in motor insurance.

The statistics published by Montenegrin ISA comprises data from nine insurance companies operating in the country: four life and five non-life insurers. Wiener Stadtische zivotno osiguranje remains the largest life insurer with 50.78% market, while Lovcen osiguranje is the largest non-life insurer with a 31.9% market share.

Access XPRIMM Database and download the Q12026 Montenegrin insurance market statistics.