Insurance market increased by over 11% during the first 9 months

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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.

Wiener Staedtische life insurance is the largest life insurer in the country (37.90% market share) followed by GRAWE (29.75%), while the general insurance segment is led by LOVCEN (41.6%) and SAVA (19.55%), local media reports.