Montenegro
STATISTICS: Montenegrin market exceeded EUR 30 million at the end of March
The business of Montenegrin insurers increased by 13.83% y-o-y in the first quarter of 2023, reaching EUR 30.61 million, as preliminary official figures showed.
25 May 2023MONTENEGRO: 77% of GWP in life insurance generated by 3 companies with capital from Austria
"Gradual and timely alignment with EU regulations in insurance is the best way to meet the standards and requirements of the new Solvency II regulatory regime", as was emphasized at the meeting of the leadership of the Insurance Supervisory Agency (ANO) and the Austrian Financial Services Supervisory Agency (FMA).
27 April 2023STATISTICS: Montenegrin market passed the threshold of EUR 100 million in 2022
The Montenegrin market reported a 9.58% y-o-y growth in FY2022 GWP, to EUR 108.28 million, according to the preliminary figures published on the ISA's website.
15 March 2023MONTENEGRO: Lovcen Osiguranje's net profit for 9M rose 134%
Montenegrin insurer Lovcen Osiguranje reported a net profit of EUR 1.44 million in the first nine months of 2022, up 134% y-o-y, SeeNews reported.
8 November 2022STATISTICS: Montenegrin insurance market increased by over 11% during the first 9 months 2022
At the end of September 2022, the insurance market of Montenegro totaled EUR 82.79 million, 11.23% more y-o-y, while the value of paid claims by insurers totaled EUR 33.11 million, up by 7.45% y-o-y, according to the quarterly market data released by Insurance Supervision Agency.
2 November 2022MONTENEGRO: The delegation of the Insurance Supervision Agency participated in the CESEE meeting in Vienna
The delegation of the Insurance Supervision Agency of Montenegro, led by the President of the Council, Uros Andrijasevic, visited Vienna to participate in the meeting of insurance regulators of the CESEE region (Central, Eastern and Southeastern Europe), the agency said on its website.
26 October 2022STATISTICS: Montenegrin insurers reported doble-digit increase in first half-year business
The insurance market of Montenegro totaled EUR 54.9 million at the end of H1 2022, up by 11.9% y-o-y (or by EUR 5.9 million), according to the half-year figures published by the local Insurance Supervision Agency (ISA).
Gross written premiums from non-life insurance represents 81.6% of total insurance market - about EUR 44.8 million, up by 12.4% y-o-y while, life business GWP was up by 9.2% y-o-y to EUR 10.1 million.
Gross written premiums from non-life insurance represents 81.6% of total insurance market - about EUR 44.8 million, up by 12.4% y-o-y while, life business GWP was up by 9.2% y-o-y to EUR 10.1 million.
1 September 2022MONTENEGRO: Memorandum signed between the insurance supervision agencies of Montenegro and Austria
Insurance Supervision Agency of Montenegro and the Austrian Financial Markets Regulatory Authority (FMA) signed a memorandum, the agency said on its website.
30 June 2022STATISTICS: Double-digit increase for Montenegrin insurance market in Q1 2022
The gross written premiums of Montenegrin insurers increased by 12.80% y-o-y in the first quarter of 2022, reaching EUR 26.89 million, as preliminary official figures showed.
24 May 2022STATISTICS: Montenegrin market expanded to almost EUR 100 million in 2021
The Montenegrin market reported a 5.5% y-o-y growth in FY2021 GWP, to EUR 99 million, according to the preliminary figures published on the ISA's website.
7 February 2022MONTENEGRO: 2021 may become a record year for the Montenegrin insurance sector
The Council of the Insurance Supervision Agency adopted a Decision on the amount of regular contribution to the Guarantee Fund for 2022, osiguranje.hr wrote.
31 December 2021STATISTICS: Montenegrin insurers posted 4% increase 9 months GWP
Montenegrin insurance market totaled EUR 74.43 million at the end of September 2021, 3.91% more y-o-y, accoring to the quarterly market data released by Insurance Supervision Agency.
28 October 2021STATISTICS: Montenegrin insurance market expanded to EUR 49 million during H1
At the end of June 2021, the Montenegrin insurance market totaled EUR 49 million, about EUR 2.5 million more vs. H1 2020 aggregate market GWP, according to the latest figures published by the local Insurance Supervision Agency (ISA).
14 September 2021Montenegrin and UK drivers will no longer need to show a Green Card policy at the EU borders
Starting 2 August 2021, vehicles registered in Montenegro and the UK, except for the military ones, will no longer be checked for the existence of a valid MTPL insurance when crossing the borders of EU states, the recently adopted Implementing Decision of the European Commission no. 2021/1145 of 30.6.2021 provides.
15 July 2021STATISTICS: Montenegro insurers' GWP decreased 4% in Q1
The gross written premiums of Montenegrin insurers decreased by 3.85% y-o-y in the first quarter of 2021, reaching EUR 23.84 million, as preliminary official figures showed.
6 May 2021Montenegro: SWISS Osiguranje officialy renamed into GRAWE nezivotno osiguranje
Montenegrin smallest non-life insurer SWISS Osiguranje officially renamed into GRAWE nezivotno osiguranje, according to a notice published on 27 January 2020 on the Montenegro Stock Exchange website.
9 February 2021STATISTICS: Montenegro 2020: GRAWE and LOVCEN accounted for the largest shares
LOVCEN osiguranje - local non-life insurer owned by Slovene TRIGLAV, and GRAWE osiguranje - the Montenegrin life unit of Austrian insurance group GRAWE - are in terms of GWP, according to the year-end 2020 market statistics published by Insurance Supervision Agency of Montenegro the largest insurers in the Adriatic country.
4 February 2021Branko BARJAKTAROVIC appointed Director of the Montenegrin insurance supervising body
Branko BARJAKTAROVIC was appointed Director of the Montenegrin Insurance Supervision Agency. The appointment was decided by the Council of the Agency, on January 15, following a public competition. BARJAKTAROVIC replaces Biljana PANTOVIC, who was assigned other tasks.
28 January 2021MONTENEGRO: preliminary 2020 market results show just a 1% decrease as compared with 2019, the top record year
According the preliminary results published by the Insurance Supervision Agency of Montenegro, the local insurance market closed 2020 with GWP worth EUR 93.67 million, 1% down y-o-y, a result that the Council's President Uros ANDRIJASEVIA appreciated as very good, considering the challenges of the Covid crisis.
28 January 2021STATISTICS: MONTENEGRO, 3Q2020: Subunit decrease in GWP reported by local insurers
Montenegrin insurance market totaled EUR 71.63 million at the end of September 2020, 0.97% less y-o-y, accoring to the quarterly market data released by Insurance Supervision Agency.
5 November 2020
