Key Market Indicators
Lithuania is forecast to be the 47th largest insurance market in the world, with Gross Written Premium of €1.22 Billion, by 2026. In 2021, the country was slightly behind Estonia, which had €1.06 Billion, while the United Kingdom, Japan, and Germany respectively were the 2nd, 3rd, and 4th largest insurance markets. Between 2015 and 2021, Lithuanian insurance supply grew at an average rate of 6.3% year on year. Meanwhile, insurance demand in Lithuania is expected to reach €260.88 Million by 2026, up from €221.06 Million in 2021, at a CAGR of 2.4%. Since 2000, demand has increased 7.3% year on year.
