The Insurance Industry in Montenegro, Key Trends and Opportunities to 2016
Upcoming SlideShare
Loading in...5
×
 

The Insurance Industry in Montenegro, Key Trends and Opportunities to 2016

on

  • 479 views

 

Statistics

Views

Total Views
479
Views on SlideShare
479
Embed Views
0

Actions

Likes
0
Downloads
2
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

The Insurance Industry in Montenegro, Key Trends and Opportunities to 2016 The Insurance Industry in Montenegro, Key Trends and Opportunities to 2016 Document Transcript

  • The Insurance Industry in Montenegro, Key Trends andOpportunities to 2016Report Details:Published:November 2012No. of Pages: 121Price: Single User License – US$1950SynopsisThe report provides in depth market analysis, information and insights into the insurance market inMontenegro, including:• The Montenegrin insurance market’s growth prospects by insurance segments and sub-segments• The competitive landscape in the Montenegrin insurance market• The current trends and drivers of the Montenegrin insurance market• The challenges facing the Montenegrin insurance market• The regulatory framework of the Montenegrin insurance marketSummaryThe Montenegrin insurance segment recorded growth with a CAGR of 6.2% during the reviewperiod. Government promotional measures such as subsidies on insurance premiums foragriculture output, an improvement in loss ratio and increased awareness for insurance productssupported such growth. A rise in foreign investments increased competition in the market. Duringthe last decade Montenegro’s insurance segment has recorded uneven economic growth. Theindustry was not exposed to the financial crisis of 2008 and 2011 due to its relativeunderdevelopment.ScopeThis report provides a comprehensive analysis of the insurance market in Montenegro:• It provides historical values for the Montenegrin insurance market for the report’s 2007–2011review period and forecast figures for the 2012–2016 forecast period• It offers a detailed analysis of the key segments and sub-segments in the Montenegrin insurancemarket, along with market forecasts until 2016• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio,commissions and expenses, combined ratio, total assets, total investment income and retentions• It profiles the top insurance companies in Montenegro and outlines the key regulations affectingthem
  • Reasons To Buy• Make strategic business decisions using in depth historic and forecast market data related in theMontenegrin insurance industry and each segment within it• Understand the demand-side dynamics, key market trends and growth opportunities within theMontenegrin insurance market• Assess the competitive dynamics in the Montenegrin insurance market• Identify the growth opportunities and market dynamics within key segments• Gain insights into key regulations governing the Montenegrin insurance market and its impact oncompanies and the industrys futureKey Highlights• The Montenegrin insurance segment recorded growth with a CAGR of 6.2% during the reviewperiod.• Government promotional measures such as subsidies on insurance premiums for agricultureoutput, an improvement in loss ratio and increased awareness for insurance products supportedsuch growth.• A rise in foreign investments has increased competition in the market.• During the last decade Montenegro’s insurance segment has recorded uneven growth.• The industry was not exposed to the financial crisis of 2008 and 2011 due to its relativeunderdevelopment.Get your copy of this report @http://www.reportsnreports.com/reports/206253-the-insurance-industry-in-montenegro-key-trends-and-opportunities-to-2016.htmlMajor points covered in Table of Contents of this report includeTable of Contents1 Executive Summary2 Introduction2.1 What is this Report About?2.2 Definitions2.3 Methodology3 The Montenegro Insurance Industry Overview3.1 Insurance Industry Overview3.2 Montenegro Insurance Industry – Market Size, 2007–20163.3 Key Industry Trends and Drivers3.4 Challenges3.5 Regulation4 Market Segmentation4.1 Life Insurance Growth Prospects by Category4.2 Non-Life Insurance Growth Prospects by Category4.2.1 Property insurance category4.2.2 Motor insurance category
  • 4.2.3 Liability insurance category4.2.4 Marine, aviation and transit insurance category4.3 Personal Accident and Health Insurance Growth Prospects by Category4.3.1 Personal accident insurance category4.3.2 Health insurance category4.4 Reinsurance Segment Size by Insurance Segment, 2007–20165 Competitive Landscape5.1 Overview5.2 Leading Companies5.2.1 Lovcen Osiguranje AD Podgorica – company overview5.2.2 Sava Montenegro Podgorica – company overview5.2.3 Delta Generali Osiguranje A.D. – company overview5.2.4 Uniqa nezivotno osiguranje A.D., Podgorica – company overview5.2.5 Grawe osiguranje a.d. – company overview5.2.6 Swiss Osiguranje A.D. – company overview5.2.7 UNIQA zivotno osiguranje A.D. – company overview5.2.8 Lovcen zivotna osiguranja – company overview5.2.9 Merkur osiguranje – company overview5.2.10 Wiener Stadtische zivotno osiguranje – company overview6 Macroeconomic Indicators6.1 GDP at Constant Prices (US dollar)6.2 GDP Per Capita at Constant Prices (US dollar)6.3 GDP at Current Prices (US dollar)6.4 Construction Output at Current Prices (US$ Billion)6.5 Construction Net Output at Current Prices as a Percentage of GDP6.6 Arable Land6.7 Exports as a Percentage of GDP6.8 Number of Air Passengers6.9 Healthcare Expenditure Per Capita6.1 Employed Population6.11 Annual Disposable Income6.12 Annual Disposable Income Per Capita7 Appendix7.1 Methodology7.2 Contact Us7.3 About Timetric7.4 DisclaimerList of TablesTable 1: Insurance Industry DefinitionsTable 2: Montenegro Insurance Overall Written Premium by Segment (EUR Billion), 2007–2011Table 3: Montenegro Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011 View slide
  • Table 4: Montenegro Insurance Overall Written Premium by Segment (EUR Billion), 2011–2016Table 5: Montenegro Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016Table 6: Montenegro Insurance Segmentation (% Share), 2007–2016Table 7: Montenegro Life Insurance – Paid Claims (EUR Billion), 2007–2011Table 8: Montenegro Life Insurance – Paid Claims (EUR Billion), 2011–2016Table 9: Montenegro Life Insurance – Incurred Loss (EUR Billion), 2007–2011Table 10: Montenegro Life Insurance – Incurred Loss (EUR Billion), 2011–2016Table 11: Montenegro Life Insurance – Loss Ratio (%), 2007–2011Table 12: Montenegro Life Insurance – Loss Ratio (%), 2011–2016Table 13: Montenegro Life Insurance – Combined Ratio (%), 2007–2011Table 14: Montenegro Life Insurance – Combined Ratio (%), 2011–2016Table 15: Montenegro Life Insurance – Total Assets (EUR Billion), 2007–2011Table 16: Montenegro Life Insurance – Total Assets (EUR Billion), 2011–2016Table 17: Montenegro Life Insurance – Retentions (EUR Billion), 2007–2011Table 18: Montenegro Life Insurance – Retentions (EUR Billion), 2011–2016Table 19: Montenegro Life Insurance – Investment (EUR Billion), 2007–2011Table 20: Montenegro Non-Life Insurance Written Premium by Category (EUR Billion), 2007–2011Table 21: Montenegro Non-Life Insurance Written Premium by Category (US$ Billion), 2007–2011Table 22: Montenegro Non-Life Insurance Written Premium by Category (EUR Billion), 2011–2016Table 23: Montenegro Non-Life Insurance Written Premium by Category (US$ Billion), 2011–2016Table 24: Montenegro Non-Life Insurance Segment – Paid Claim (EUR Billion), 2007–2011Table 25: Montenegro Non-Life Insurance Segment – Paid Claim (EUR Billion), 2011–2016Table 26: Montenegro Non-Life Insurance Segment – Incurred Loss (EUR Billion), 2007–2011Table 27: Montenegro Non-Life Insurance Segment – Incurred Loss (EUR Billion), 2011–2016Table 28: Montenegro Non-Life Insurance – Loss Ratio (%), 2007–2011Table 29: Montenegro Non-Life Insurance – Loss Ratio (%), 2011–2016Table 30: Montenegro Non-Life Insurance – Combined Ratio (%), 2007–2011Table 31: Montenegro Non-Life Insurance – Combined Ratio (%), 2011–2016Table 32: Montenegro Non-Life Insurance – Total Assets (EUR Billion), 2007–2011Table 33: Montenegro Non-Life Insurance – Total Assets (EUR Billion), 2011–2016Table 34: Montenegro Non-Life Insurance – Retentions (EUR Billion), 2007–2011Table 35: Montenegro Non-Life Insurance – Retentions (EUR Billion), 2011–2016Table 36: Montenegro Property Insurance Category – Written Premium (EUR Billion), 2007–2011Table 37: Montenegro Property Insurance Category – Written Premium (EUR Billion), 2011–2016Table 38: Montenegro Motor Insurance Category – Written Premium (EUR Billion), 2007–2011Table 39: Montenegro Motor Insurance Category – Written Premium (EUR Billion), 2011–2016Table 40: Montenegro Liability Insurance Category – Written Premium (EUR Billion), 2007–2011Table 41: Montenegro Liability Insurance Category – Written Premium (EUR Billion), 2011–2016Table 42: Montenegro Marine, Aviation and Transit Insurance Category – Written Premium (EURBillion), 2007–2011Table 43: Montenegro Marine, Aviation and Transit Insurance Category – Written Premium (EURBillion), 2011–2016 View slide
  • Table 44: Montenegro Personal Accident and Health Insurance Written Premium by Category(EUR Billion), 2007–2011Table 45: Montenegro Personal Accident and Health Insurance Written Premium by Category(US$ Billion), 2007–2011Table 46: Montenegro Personal Accident and Health Insurance Written Premium by Category(EUR Billion), 2011–2016Table 47: Montenegro Personal Accident and Health Insurance Written Premium by Category(US$ Billion), 2011–2016Table 48: Montenegro Personal Accident and Health Insurance Segment – Paid Claim (EURBillion), 2007–2011Table 49: Montenegro Personal Accident and Health Insurance Segment – Paid Claim (EURBillion), 2011–2016Table 50: Montenegro Personal Accident and Health Insurance Segment – Incurred Loss (EURBillion), 2007–2011Table 51: Montenegro Personal Accident and Health Insurance Segment – Incurred Loss (EURBillion), 2011–2016Table 52: Montenegro Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011Table 53: Montenegro Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016Table 54: Montenegro Personal Accident and Health Insurance – Combined Ratio (%), 2007–2011Table 55: Montenegro Personal Accident and Health Insurance – Combined Ratio (%), 2011–2016Table 56: Montenegro Personal Accident and Health Insurance – Total Assets (EUR Billion),2007–2011Table 57: Montenegro Personal Accident and Health Insurance – Total Assets (EUR Billion),2011–2016Table 58: Montenegro Personal Accident and Health Insurance – Retentions (EUR Billion),2007–2011Table 59: Montenegro Personal Accident and Health Insurance – Retentions (EUR Billion),2011–2016Table 60: Montenegro Personal Accident Insurance Category – Written Premium (EUR Billion),2007–2011Table 61: Montenegro Personal Accident Insurance Category – Written Premium (EUR Billion),2011–2016Table 62: Montenegro Health Insurance Category – Written Premium (EUR Billion), 2007–2011Table 63: Montenegro Health Insurance Category – Written Premium (EUR Billion), 2011–2016Table 64: Montenegro Reinsurance Ceded by Insurance Segment (EUR Billion), 2007–2011Table 65: Montenegro Reinsurance Ceded by Insurance Segment (US$ Billion), 2007–2011Table 66: Montenegro Reinsurance Ceded by Insurance Segment (EUR Billion), 2011–2016Table 67: Montenegro Reinsurance Ceded by Insurance Segment (US$ Billion), 2011–2016Table 68: Montenegro Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Table 69: Montenegro Life Insurance – Percentage of Reinsurance Ceded (%),2011–2016Table 70: Montenegro Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Table 71: Montenegro Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
  • Table 72: Montenegro Personal Accident and Health Insurance – Percentage of ReinsuranceCeded (%), 2007–2011Table 73: Montenegro Personal Accident and Health Insurance – Percentage of ReinsuranceCeded (%), 2011–2016Table 74: Montenegro Insurance Industry Share, 2011Table 75: Lovcen Osiguranje AD Podgorica, Main ProductsTable 76: Lovcen Osiguranje AD Podgorica, Key EmployeesTable 75: Sava Montenegro Podgorica, Main ProductsTable 76: Sava Montenegro Podgorica, Key EmployeesTable 77: Delta Generali Osiguranje A.D., Main ProductsTable 78: Delta Generali Osiguranje A.D., Key EmployeesTable 79: Uniqa nezivotno osiguranje A.D., Podgorica, Main ProductsTable 80: Uniqa nezivotno osiguranje A.D., Podgorica, Key EmployeesTable 81: Grawe osiguranje a.d., Main ProductsTable 82: Grawe osiguranje a.d., Key EmployeesTable 77: Swiss Osiguranje A.D., Main ProductsTable 78: Swiss Osiguranje A.D., Key EmployeesTable 77: UNIQA zivotno osiguranje A.D. , Main ProductsTable 78: UNIQA zivotno osiguranje A.D. , Key EmployeesTable 77: Lovcen zivotna osiguranja , Main ProductsTable 78: Lovcen zivotna osiguranja , Key EmployeesTable 77: Merkur osiguranje, Main ProductsTable 78: Merkur osiguranje, Key EmployeesTable 77: Wiener Stadtische zivotno osiguranje , Main ProductsTable 78: Wiener Stadtische zivotno osiguranje , Key EmployeesList of FiguresFigure 1: Montenegro Insurance Overall Written Premium by Segment (EUR Billion), 2007–2016Figure 2: Montenegro Insurance segment Dynamics by Segment, 2007–2016Figure 4: Montenegro Life Insurance – Paid Claims (EUR Billion), 2007–2011Figure 5: Montenegro Life Insurance – Paid Claims (EUR Billion), 2011–2016Figure 6: Montenegro Life Insurance – Incurred Loss (EUR Billion), 2007–2011Figure 7: Montenegro Life Insurance – Incurred Loss (EUR Billion), 2011–2016Figure 8: Montenegro Life Insurance – Loss Ratio (%), 2007–2011Figure 9: Montenegro Life Insurance – Loss Ratio (%), 2011–2016Figure 10: Montenegro Life Insurance – Combined Ratio (%), 2007–2011Figure 11: Montenegro Life Insurance – Combined Ratio (%), 2011–2016Figure 12: Montenegro Life Insurance – Total Assets (EUR Billion), 2007–2011Figure 13: Montenegro Life Insurance – Total Assets (EUR Billion), 2011–2016Figure 14: Montenegro Life Insurance – Retentions (EUR Billion), 2007–2011Figure 15: Montenegro Life Insurance – Retentions (EUR Billion), 2011–2016Figure 16: Montenegro Life Insurance – Investment (EUR Billion), 2007–2011
  • Figure 17: Montenegro Life Insurance Penetration (% of GDP), 2007–2011Figure 18: Montenegro Life Insurance – Premium Per Capita (EUR), 2007–2011Figure 19: Montenegro Non-Life Insurance Written Premium by Category (EUR Billion),2007–2016Figure 20: Montenegro Non-Life Insurance Written Premium by Category (% Share), 2011 and2016Figure 21: Montenegro Non-Life Insurance Segment Dynamics by Category, 2007–2016Figure 22: Montenegro Non-Life Insurance – Paid Claims by Category (EUR Billion), 2007–2011Figure 23: Montenegro Non-Life Insurance – Paid Claims (EUR Billion), 2011–2016Figure 24: Montenegro Non-Life Insurance – Incurred Loss (EUR Billion), 2007–2011Figure 25: Montenegro Non-Life Insurance – Incurred Loss by Category (EUR Billion), 2007–2016Figure 26: Montenegro Non-Life Insurance – Loss Ratio (%), 2007–2011Figure 27: Montenegro Non-Life Insurance – Loss Ratio (%), 2011–2016Figure 28: Montenegro Non-Life Insurance – Combined Ratio (%), 2007–2011Figure 29: Montenegro Non-Life Insurance – Combined Ratio (%), 2011–2016Figure 30: Montenegro Non-Life Insurance – Total Assets (EUR Billion), 2007–2011Figure 31: Montenegro Non-Life Insurance – Total Assets (EUR Billion), 2011–2016Figure 32: Montenegro Non-Life Insurance – Retentions (EUR Billion), 2007–2011Figure 33: Montenegro Non-Life Insurance – Retentions (US$ Billion), 2011–2016Figure 34: Montenegro Non-Life Insurance – Investment (EUR Billion), 2007–2011Figure 35: Montenegro Non-Life Insurance Penetration (% of GDP), 2007–2011Figure 36: Montenegro Non-Life Insurance – Premium Per Capita (EUR), 2007–2011Figure 37: Montenegro Property Insurance Category – Written Premium (EUR Billion), 2007–2011Figure 38: Montenegro Property Insurance Category – Written Premium (EUR Billion), 2011–2016Figure 39: Montenegro Motor Insurance Category – Written Premium (EUR Billion), 2007–2011Figure 40: Montenegro Motor Insurance Category – Written Premium (EUR Billion), 2011–2016Figure 41: Montenegro Liability Insurance Category – Written Premium (EUR Billion), 2007–2011Figure 42: Montenegro Liability Insurance Category – Written Premium (EUR Billion), 2011–2016Figure 43: Montenegro Marine, Aviation and Transit Insurance Category – Written Premium (EURBillion), 2007–2011Figure 44: Montenegro Marine, Aviation and Transit Insurance Category – Written Premium (EURBillion), 2011–2016Figure 45: Montenegro Personal Accident and Health Insurance Written Premium by Category(EUR Billion), 2007–2016Figure 46: Montenegro Personal Accident and Health Insurance Written Premium by Category(Percentage Share), 2011 and 2016Figure 47: Montenegro Personal Accident and Health Insurance Segment Dynamics by Category,2007–2016Figure 48: Montenegro Personal Accident and Health Insurance – Paid Claims by Category (EURBillion), 2007–2011Figure 49: Montenegro Personal Accident and Health Insurance – Paid Claims (EUR Billion),2011–2016
  • Figure 50: Montenegro Personal Accident and Health Insurance – Incurred Loss (EUR Billion),2007–2011Figure 51: Montenegro Personal Accident and Health Insurance – Incurred Loss by Category(EUR Billion), 2007–2016Figure 52: Montenegro Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011Figure 53: Montenegro Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016Figure 54: Montenegro Personal Accident and Health Insurance – Combined Ratio (%),2007–2011Figure 55: Montenegro Personal Accident and Health Insurance – Combined Ratio (%),2011–2016Figure 56: Montenegro Personal Accident and Health Insurance – Total Assets (EUR Billion),2007–2011Figure 57: Montenegro Personal Accident and Health Insurance – Total Assets (EUR Billion),2011–2016Figure 58: Montenegro Personal Accident and Health Insurance – Retentions (EUR Billion),2007–2011Figure 59: Montenegro Personal Accident and Health Insurance – Retentions (US$ Billion),2011–2016Figure 60: Montenegro Personal Accident and Health Insurance – Investment (EUR Billion),2007–2011Figure 61: Montenegro Personal Accident and Health Insurance Penetration (Percentage of GDP),2007–2011Figure 62: Montenegro Personal Accident and Health Insurance – Premium Per Capita (EUR),2007–2011Figure 63: Montenegro Personal Accident Insurance Category – Written Premium (EUR Billion),2007–2011Figure 64: Montenegro Personal Accident Insurance Category – Written Premium (EUR Billion),2011–2016Figure 65: Montenegro Health Insurance Category – Written Premium (EUR Billion), 2007–2011Figure 66: Montenegro Health Insurance Category – Written Premium (EUR Billion), 2011–2016Figure 67: Montenegro Reinsurance Ceded by Insurance Segment (EUR Billion), 2007–2016Figure 68: Montenegro Reinsurance segment Dynamics by Insurance Segment, 2007–2016Figure 69: Montenegro Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Figure 70: Montenegro Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Figure 71: Montenegro Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Figure 72: Montenegro Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Figure 73: Montenegro Personal Accident and Health Insurance – Percentage of ReinsuranceCeded (%), 2007–2011Figure 74: Montenegro Personal Accident and Health Insurance – Percentage of ReinsuranceCeded (%), 2011–2016Figure 75: Montenegro Insurance Industry – Market Share 2011Figure 76: Montenegro GDP at Constant Prices (US$ Billion), 2007–2011
  • Figure 77: Montenegro GDP Per Capita at Constant Prices (US$), 2007–2011Figure 78: Montenegro GDP at Current Prices (US$ Billion), 2007–2011Figure 79: Montenegro Construction Net Output at Current Prices (US$ Billion), 2007–2011Figure 80: Montenegro Construction Output at Current Prices as a Percentage of GDP (%),2007–2011Figure 81: Montenegro Arable Land ( ‘000 hectares), 2007–2011Figure 82: Montenegro Exports as a Percentage of GDP (%), 2007–2011Figure 83: Montenegro Number of Air Passengers (Million), 2007–2011Figure 84: Montenegro Healthcare Expenditure Per Capita (US$), 2007–2011Figure 85: Montenegro Employed Population (%), 2007–2011Figure 86: Montenegro Annual Disposable Income (US$ Billion), 2007–2011Figure 87: Montenegro Annual Disposable Income Per Capita (US$), 2007–2011Contact: sales@reportsandreports.com for more information.