Insurance Industry in Montenegro Is Dominated by Non-Life Segment and Trend Is Going to Continue Till 2018, Finds New Report

Lewes, DE -- (SBWIRE) -- 09/30/2014 -- In terms of gross written premium the Montenegrin insurance industry increased at a review period (2009–2013) CAGR of 2.6%. The growth was led by the life segment, which grew at a CAGR of 7.6%, and personal accident and health insurance with a CAGR of 3.8%. The non-life segment constituted 72.1% of the industry, followed by the life segment with 14.9% and the personal accident and health segment with 12.9% in 2013. Motor insurance constituted 72.9% of the non-life segment, followed by property insurance with 19.8%.