Montenegro
MONTENEGRO: 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 2020MONTENEGRO: Rumors confirmed: GRAWE to buy majority stake in non-life insurer SWISS
ANO - The Montenegrin Insurance Supervision Agency announced that on August 26, 2020, the Council has issued the Decision on appropval to the Austrian group GRAZER Wechselseitige Versicherung Aktiengesellschaft to buy the majority stake in SWISS Insurance Company.
1 September 2020STATISTICS: MONTENEGRO, 1H2020: Insurance market remained at the 1H2019 level
Despite COVID-19 pandemic, at the end of June 2020, the Montenegrin insurance market figures published by the local Insurance Supervision Agency (ISA) reveal that the local market remained at the 1H2019 level: GWP of EUR 46.50 million vs. EUR 46.59 million at the end of June 2019.
20 August 2020STATISTICS: MONTENEGRO, 1Q2020: All market players ended the first quarter "in black"
The Montenegrin insurance market increased by 12.32% y-o-y during Q1 2020 to EUR 24.80 million, as data from the Insurance Supervisions Agency shows. The non-life insurance segment accounted for EUR 20.44 million of the total GWP, up by 9.54% on the year, while the life-insurance companies expanded by 27.44% y-o-y to EUR 4.36 million.
4 June 2020Rumors: GRAWE to expand its presence in Montenegro by acquiring non-life insurer SWISS osiguranje
Austrian insurer GRAWE, which has made in the past year a number of acquisitions in Bosnia and Herzegovina, is considering to take similar actions in Montenegro throught its local subsidiary active only in life insurance market - GRAWE osiguranje, local media informed.
3 March 2020STATISTICS: MONTENEGRO, FY2019: market expanded to almost EUR 95 million, up by 9% y-o-y
The Montenegrin market reported a 9% y-o-y growth in FY2019 GWP, to EUR 94.76 million, according to the preliminary figures published on the ISA's web-site.
13 February 2020MONTENEGRO: GWP for 11 months of 2019 exceeded GWP of the whole 2018
From January to November 2019, GWP of the Montenegrin insurance market exceeded the GWP level of the whole year 2018, as the Insurance Supervision Agency of the country announced on its website.
9 January 2020STATISTICS: MONTENEGRIN market reported double-digit increase in premiums at the end of September
In 3Q 2019, the Montenegrin insurance market totaled EUR 72.33 million, 11.52% up y-o-y, according to data published by the Insurance Supervision Agency. Compared with 3Q2018, non-life insurance premium was up by 11.31% (to EUR 60.59 million), while the life insurance GWP grew by 12.62% y-o-y (to EUR 11.73 million).
7 November 2019
