New Market Report: The Insurance Industry in Montenegro, Key Trends and Opportunities to 2016
The Montenegrin insurance segment recorded growth with a CAGR of 6.2% during the review period. Government promotional measures such as subsidies on insurance premiums for agriculture output, an improvement in loss ratio and increased awareness for insurance products supported such growth. A rise in foreign investments increased competition in the market. During the last decade Montenegro's insurance segment has recorded uneven economic growth. The industry was not exposed to the financial crisis of 2008 and 2011 due to its relative...
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