Montenegrin Insurance Industry is Governed by the Insurance Supervision Agency (ISA)

Date: 2015-09-01

“• The Montenegrin insurance industry grew in terms of gross written premium at a review-period CAGR of 3.9%.

• The non-life segment accounted for 68.1% of the industry’s gross written premium in 2014.

• Motor insurance was the largest category in the segment in terms of gross written premium during the review period.

• The Montenegrin insurance industry is governed by the Insurance Supervision Agency (ISA).

• The Montenegrin insurance industry is highly consolidated, with the top five insurers sharing 86.3% of the industry’s gross written premium in 2014.

• A total of 11 insurers operated in the industry as of March 2015, of which six were life insurers and five were general insurers.

• Increased FDI will support the economy and the overall insurance industry’s growth over the forecast period.

• Insurance law amendments will strengthen the regulatory framework.”

Categories

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample