At the end of September 2026, the insurance market of Montenegro totaled EUR 127.34 million, 12.8% more y-o-y, while the value of paid claims by insurers totaled EUR 53.84 million, up by 17.45% y-o-y, according to the quarterly market data released by Insurance Supervision Agency.

Life insurers generated about 18.2% of total insurance market premiums or EUR 23.17 million, up by 9.8% y-o-y, while the non-life insurance segment totaled EUR 104.18 million (13.5% up y-o-y).

The Damages to property LoB provided the largest contribution to the non-life business growth. The motor insurance lines saw a rather modest GWP growth, while paid claims for motor insurance grew significantly (16.14% up in average).

Wiener Staedtische zivotno osiguranje is the largest life insurer in the country (47% market share) followed by Lovcen-zivotna osiguranja (25.7%) and GRAWE (232%), while the non-life insurance segment is led by LOVCEN osiguranje (33.06%) SAVA (21.22%) and Uniqa nezivotno osiguranje (18%).

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