STATISTICS: Montenegrin market expanded to almost EUR 91 million at the end of Q3

1 November 2023 — Andrei VICTOR
STATISTICS: Montenegrin market expanded to almost EUR 91 million at the end of Q3

At the end of September 2023, the insurance market of Montenegro totaled EUR 90.98 million, 9.90% more y-o-y, while the value of paid claims by insurers totaled EUR 34.68 million, up by 4.76% y-o-y, according to the quarterly market data released by Insurance Supervision Agency.

Life insurers generated about 17.41% of total insurance market or EUR 15.84 million, up by 4.42% y-o-y, while the non-life insurance segment totaled EUR 75.15 million vs. EUR 67.72 million a year before.

Wiener Staedtische zivotno osiguranje is the largest life insurer in the country (37.46% market share) followed by GRAWE (30.29%) and Lovcen-zivotna osiguranja (24.86%), while the general insurance segment is led by LOVCEN osiguranje (37.78%) SAVA (21.53%) and Uniqa nezivotno osiguranje (17.88%).

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

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