Montenegro
STATISTICS: MONTENEGRO, 3Q2018: GRAWE and LOVCEN lead the market rankings
During 3Q2018, the Montenegrin insurance market totaled almost EUR 65 million, a 6% increase y-o-y, as the Insurance Supervision Agency has reported.
8 November 2018STATISTICS: MONTENEGRO, 1H2018: property insurance lines have lost ground in GWP terms despite the increasing number of policies
Montenegro insurers reported GWP of EUR 41.27 million in 1H2018, up by 3.2% y-o-y. Paid claims increased at a higher pace, of 10.9%, reaching a total of EUR 17.6 million. The MTPL insurance line was the main driver in both cases.
23 August 2018MONTENEGRO's Lovcen Osiguranje completes 300,000 euro cap hike
19 June 2018MONTENEGRO's Lovcen Osiguranje completes 100,000 euro cap hike
Montenegrin insurer Lovcen Osiguranje has said it completed a 100,000 euro capital hike as part of its shareholder remuneration policy.
30 May 2018STATISTICS: MONTENEGRO 1Q2018: GWP rose by 5.1% y-o-y while the value of paid claims grew by 16.2%
The Montenegrin insurance market increased by 5.1% y-o-y during Q1 2018 to EUR 18.4 million, while the aggregate value of paid claims and indemnities was up by 16.2% y-o-y to EUR 9 million, as data from the Insurance Supervisions Agency shows.
24 May 2018STATISTICS: MONTENEGRO, FY2017: GRAWE and LOVCEN lead the market rankings
The insurance market of Montenegro totalled EUR 81.77 million at the end of 2017, representing an annual increase of 2.00%, according to the preliminary figures published on the ISA's web-site.
22 March 2018MONTENEGRO - two new players on the market for supplementary health insurance
Montenegrin insurers Sava Re and Lovcen osiguranje are entering the market of supplementary health insurance, raising the number of local providers to four, osiguranje.hr wrote.
1 February 2018STATISTICS: MONTENEGRO, 3Q2017: Life and damages to property insurance lines, the most dynamic
According to data provided by the Insurance Supervision Agency of Montenegro, local insurers have ended 3Q2017 with GWP of EUR 61.2 million, 3.2% up y-o-y.
14 December 2017STATISTICS: MONTENEGRO 1H2017: GWP of EUR 40 million for the smallest CEE market
According to the centralized CEE figures, in terms of gross written premiums, at the end of June 2017, the insurance market of Montenegro was the smallest among all 17 CEE countries: GWP of EUR 40 million, up by 3.5% y-o-y.
19 October 2017STATISTICS: MONTENEGRIN insurers' GWP rose 3.8% y-o-y in Q1
The aggregate GWP of the 11 insurance companies operating in Montenegro has increased by 3.8% y-o-y to EUR 17.4 million in Q1 2017, data from the Insurance Supervisions Agency shows.
31 May 2017MONTENEGRO: IMF to support supervision of banks, insurers
The International Monetary Fund (IMF) has pledged to provide technical support for the supervision of banks and insurance companies in Montenegro, the country's central bank, CBCG, said on Monday.
26 April 2017STATISTICS: MONTENEGRO, FY2016: Austrian and Slovene insurers lead the market rankings
The Montenegrin market reported a 4.2% y-o-y growth in FY2016 GWP, to EUR 80.1 million, according to the preliminary figures published on the ISA's web-site. The non-life insurance segment had the largest contribution to the aggregate figure, reporting GWP of EUR 66.5 million (83% of total GWP), while the life sector accounted for the remaining 17%, or EUR 13.7 million.
9 February 2017Montenegro: Grawe acquires the local unit of Merkur International
Grawe has confirmed for the local financial press the acquisition of Merkur Insurance Podgorica, the Austrian Merkur International Holding 100% owned subsidiary from Montenegro, in a deal worth EUR 1.39 million.
27 January 2017STATISTICS: Montenegrin market up by 3.5% at the end of the third quarter
In 3Q2016, the Montenegrin insurance market totaled almost EUR 60 million, a 3.5% increase y-o-y, as the Insurance Supervision Agency has reported. Compared with September 2015, non-life insurance premium was up by 3.3% (to EUR 50.1 million), while the life insurance GWP grew by 4.2% (to EUR 9.2 million).
10 November 2016STATISTICS: MONTENEGRO 1H2016: GRAWE and LOVCEN are holding the largest shares on the life and non-life GWP
Montenegro insurers' GWP increased by 4.50% y-o-y to EUR 38.65 million in the first half of the year, according to the figures published by the Insurance Supervision Agency. The aggregate value of gross claims paid was EUR 14.73 million, 1.60% more y-o-y.
18 August 2016STATISTICS: MONTENEGRO, 1Q2016: Property insurance decline pushed down the market turnover
Montenegro's insurers have reported a decreasing consolidated GWP amount, by 1.84% lower y-o-y, mostly pushed down by the significantly decrasing property insurance business.
2 June 2016MONTENEGRO: UNIQA doubles pre-tax loss in 2015
Austrian insurance group UNIQA said on Thursday its pre-tax loss from
operations in Montenegro widened to 600,000 euro in 2015 from
300,000 euro a year earlier.
11 March 2016STATISTICS: MONTENEGRO, FY2015: 6.24% growth in GWP, mostly driven by the "damages to property" insurance line
The insurance market of Montenegro saw a 6.24% y-o-y growth in GWP, to EUR 76.9 million. The non-life insurance segment had the largest contribution to the market growth, reporting GWP of EUR 64 million, 6.93% up y-o-y. Non-life insurance lines account for 83.2% of the total GWP.
10 March 2016MONTENEGRIN insurer Lovcen 9-mo gross written premiums up 9%
Montenegrin insurer Lovcen Osiguranje, a unit of Slovenia's Triglav
Group, said its gross written premiums increased 9% to 22.4 million euro
in the first nine months of 2015.
25 November 2015STATISTICS: In 3Q15 MONTENEGRIN insurers issued 51,000 more contracts vs. Jan-Sep '14
Montenegrin insurance companies reported aggregate GWP of EUR 57.3 million during January-September 2015, 6.3% more y-o-y, according to the preliminary figures published on the country's Insurance Supervision Agency website. Non-life insurance premiums totaled EUR 48.5 million, up by 6.9% on the year, while the life insurance segment generated premiums of EUR 8.8 million, 4.0% more y-o-y.
5 November 2015
