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Life Insurance in Lithuania, Key Trends and Opportunities to 2019

  • April 2016
  • 216 pages
  • Timetric
Report ID: 2130464

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Synopsis
Timetric’s 'Life Insurance in Lithuania, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Lithuanian life insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Lithuanian economy and demographics, 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 the regulatory structure.

Summary
Timetric’s 'Life Insurance in Lithuania, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Lithuanian life insurance segment, including:

- The Lithuanian life insurance segment’s growth prospects by life insurance category

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

- A comprehensive overview of the Lithuanian economy and demographics

- The various distribution channels in the Lithuanian life insurance segment

- Details of the competitive landscape in the life insurance segment in Lithuania

- Details of regulatory policy applicable to the Lithuanian insurance industry

Scope
This report provides a comprehensive analysis of the life insurance segment in Lithuania:

- It provides historical values for the Lithuanian life insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key categories in the Lithuanian life insurance segment, and market forecasts to 2019.

- It analyzes the various distribution channels for life insurance products in Lithuania.

- It profiles the top life insurance companies in Lithuania 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 Lithuanian life insurance segment, and each category within it.

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

- Assess the competitive dynamics in the life insurance segment.

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

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

Key Highlights
- The Lithuanian life segment accounted for 38.8% of the industry’s gross written premium in 2014.

- The segment’s growth was supported by a demand for linked-insurance products, which accounted for 71.1% of its gross written premium in 2014.

- The demand for single-premium policies was supported by a growth in disposable income, as well as the need for investment opportunities with the possibility of higher returns.

- During the review period, group superannuation emerged as the fastest-growing insurance category.

- In 2015, Bonum Publicum received a license from the Bank from Lithuania to sell pension annuity products.

- The Lithuanian life segment recorded a review-period CAGR of 13.6%, and is expected to post a forecast-period CAGR of 5.9%.

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