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

 
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Dallas, TX -- (SBWIRE) -- 11/23/2012 -- 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 underdevelopment.

The report provides in depth market analysis, information and insights into the insurance market in Montenegro, 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 market

Scope
This report provides a comprehensive analysis of the insurance market in Montenegro:
- It provides historical values for the Montenegrin insurance market for the report’s 2007–2011 review 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 insurance market, 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 affecting them

Reasons To Buy
- Make strategic business decisions using in depth historic and forecast market data related in the Montenegrin insurance industry and each segment within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Montenegrin 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 on companies and the industry''s future

Key Highlights
- 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 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 relative underdevelopment.

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