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Non-Life Insurance in Latvia, Key Trends and Opportunities to 2018

  • September 2015
  • 230 pages
  • Timetric
Report ID: 2100604

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Synopsis
Timetric’s 'Non-Life Insurance in the Latvia, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Latvian non-life insurance segment.

It provides values of a number of Key Performance Indicators (KPI) such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Summary
Timetric’s 'Non-Life Insurance in the Latvia, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the Latvian non-life insurance segment, including:

- The Latvian non-life insurance segment’s growth prospects by non-life insurance category

- Key trends, drivers and challenges for the non-life insurance segment

- The various distribution channels in the Latvian non-life insurance segment

- The detailed competitive landscape in the non-life insurance segment in Latvia

- Details of regulatory policy applicable to the Latvian insurance industry


Scope
This report provides a comprehensive analysis of the non-life insurance segment in Latvia:

- It provides historical values for the Latvian non-life insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.

- It offers a detailed analysis of the key categories in Latvia’s non-life insurance segment, along with market forecasts until 2018.

- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.

- It analyses the various distribution channels for non-life insurance products in Latvia.

- It profiles the top non-life insurance companies in Latvia and outlines the key regulations affecting them.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Latvian non-life insurance segment and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Latvian non-life insurance segment.

- Assess the competitive dynamics in the non-life insurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the Latvian insurance industry and their impact on companies and the industry's future.

Key Highlights
- Latvia’s non-life segment posted a review-period CAGR of 7.25%, primarily due to the country’s economic recovery.

- The non-life segment is expected to register a forecast-period CAGR of 5.5%.

- The segment was led by the motor insurance category, followed by marine, aviation and transit, property and liability insurance.

- Latvia’s entry to the eurozone on January 1, 2014 is expected to help improve the country’s business environment over the forecast period.

- Penetration is expected to remain under 1% over the forecast period.

- Growth in exports has increased the number of transit insurance policies.

- The property insurance category recorded a review-period CAGR of 6.48%.

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