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Licensed list · Europe · South-Eastern Europe · ME

Licensed insurance companies in Montenegro (2026)

VerifiedVerified against the ISA register, checked 3 Sept 2026.

The 11 insurance companies licensed in Montenegro in 2026, as recorded by the ISA, with the class of business and ownership each one is registered under.

11Licensed operators
4Life36% of entities7General (non-life)64% of entities10Cross-border groups1 domestically owned

By class of business

Each company is counted once, under the class its register row records. The supervisor’s own tally counts licences, so a company licensed for more than one class appears more than once there.

By ownership

  • Pan-European group10 91%
  • Domestic private1 9%

“Cross-border groups” counts foreign multinationals and pan-regional groups; “domestically owned” counts domestic private, state-owned, mutual and captive entities. The register records the parent’s type, not its home market. How ownership is recorded

Licensed insurers in Montenegro

All 11 entities.

InsurerClassOwnershipGroupVerification
Generali Osiguranje MontenegroGGeneral (Non-life)Pan-European groupGeneraliVerified
Wiener Städtische osiguranje PodgoricaGGeneral (Non-life)Pan-European groupVIGVerified
Wiener Städtische PodgoricaLLifePan-European groupVIGVerified
Grawe neživotno osiguranjeGGeneral (Non-life)Pan-European groupGRAWEVerified
Grawe osiguranjeLLifePan-European groupGRAWEVerified
Lovćen osiguranjeGGeneral (Non-life)Pan-European groupTriglavVerified
Lovćen životna osiguranjaLLifePan-European groupTriglavVerified
Sava MontenegroGGeneral (Non-life)Pan-European groupSavaVerified
UNIQA MontenegroGGeneral (Non-life)Pan-European groupUNIQAVerified
Uniqa životno osiguranjeLLifePan-European groupUNIQAVerified
Veder neživotno osiguranjeGGeneral (Non-life)Domestic privateEnterVerified

Full table for Montenegro ↗

Regulatory intelligence: Montenegro

Read from the register, not written for this page: the supervisor’s regime, the source the list was checked against, and the market notes recorded alongside it.

Supervisor
ISA
Register source
Agencija za nadzor osiguranja (ANO, Insurance Supervision Agency of Montenegro) - “Subjekti nadzora: Društva za osiguranje”, the register of licensed insurance companies, retrieved 23 Sep 2026: 11 licensed companies (7 non-life, 4 life), each with its business name, class of insurance, licence number and date, company number and qualified holders. The page's second tab lists 2 further companies in liquidation or bankruptcy, which are not current licensees and are excluded.
Verification
Verified against the regulator register · Agencija za nadzor osiguranja (ANO, Insurance Supervision Agency of Montenegro) - “Subjekti nadzora: Društva za osiguranje”, the register of licensed insurance companies, retrieved 23 Sep 2026: 11 licensed companies (7 non-life, 4 life), each with its business name, class of insurance, licence number and date, company number and qualified holders. The page's second tab lists 2 further companies in liquidation or bankruptcy, which are not current licensees and are excluded.

No market event is recorded against this register for 2026. The regime and source above are the standing facts.

Governing legislation

  • Law on Insurance · Institutional and insurance framework

    The law assigns insurance regulation to an agency with separate legal personality and sets out its supervisory powers.

Verification log

Reconciled against the ANO register of insurance companies (Društva za osiguranje), retrieved 23 Sep 2026: 11 licensed companies. Five existing rows matched; six licensees were added, including the two companies licensed in 2026 (Veder neživotno osiguranje and Wiener Städtische osiguranje Podgorica) and the separate life companies of the Lovćen, Uniqa and Grawe groups. Rows 3644 and 3645 were corrected from composite to general because Montenegro licenses life and non-life in separate companies. Row 3648 (Swiss Osiguranje) is no longer on the register: the register records GRAWE's 100% acquisition of Swiss osiguranje AD approved 18 November 2020 and carries the same licence under Grawe neživotno osiguranje AD. The register covers insurance companies only; agents, brokers and other intermediaries are separate ANO registers and are excluded.

For B2B teams and AI agents

The same rows as static JSON, no key, CORS open, CC BY 4.0. Paged files stay under 96 KB so an agent’s fetch tool never truncates them.

curl -s https://insurers.global/api/v1/countries/montenegro.json
curl -s https://insurers.global/api/v1/countries/montenegro/insurers/pages/1.json
  • MCP: connect https://insurers.global/mcp and call get_country_summary with { "country": "montenegro" }, or list_insurers with country, limit and offset for paged rows.
  • OpenAPI 3.1: /api/v1/openapi.json · WebMCP: /.well-known/webmcp.json · Guide: /ai/ · llms.txt
  • Dataset version 2026-09-08+3f3925fad259; every response carries version, verified and licence.