The insurance market of Montenegro totaled EUR 59.9 million at the end of H1 2023, up by 9.1% y-o-y (or by EUR 5 million), according to the half-year figures published by the local Insurance Supervision Agency (ISA). Gross written premiums from non-life insurance represents 82.7% of total insurance market - about EUR 49.5 million, up by 10.7% y-o-y while, life business GWP was up by 2.4% y-o-y to EUR 10.3 million.

The largest life insurer in the country was Wiener Staedtische zivotno osiguranje with a GWP volume of EUR 3.7 million and a market share of 35.5%, while Lovcen osiguranje, a unit of Slovenian insurance group TRIGLAV, was the biggest non-life insurer with GWP of EUR 19.3 million and a market share of 39%.

Access xprimm.com and download the latest Montenegrin insurance market statistics.