The Insurance Supervision Agency of Montenegro participated in discussions on developing regional mechanisms to finance and share catastrophe risks at a meeting in Bucharest on Oct. 27, 2026. This was the second meeting of the Regional Network for Catastrophe Risk Insurance and Risk Sharing, following an inaugural gathering in Athens in November 2025 under the Southeast Europe Strategy 2030. Participants considered a planned feasibility study and the potential use of catastrophe bonds as an instrument for managing catastrophe risks. Discussions also covered technical assistance, staff capacity building and knowledge exchange through thematic groups, alongside support from international institutions. No decision to establish a financing mechanism or issue catastrophe bonds was reported.
Insurance Supervision Agency of Montenegro discusses regional catastrophe risk financing and potential use of catastrophe bonds
The Insurance Supervision Agency of Montenegro joined regional discussions in Bucharest on developing mechanisms to finance and share catastrophe risks. Topics included a planned feasibility study, technical assistance and capacity building, alongside the potential use of catastrophe bonds.