1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Non-Life Insurance in Lithuania, Key Trends and Opportunities to 2019

Non-Life Insurance in Lithuania, Key Trends and Opportunities to 2019

  • April 2016
  • -
  • Timetric
  • -
  • 127 pages

Summary

Table of Contents

Search Inside

Synopsis
Timetric’s 'Non-Life Insurance in Lithuania, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the Lithuanian non-life insurance segment, and a comparison of the Lithuanian insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, 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, explains the various types of natural hazard and their impact on the Lithuanian insurance industry, 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 'Non-Life Insurance in Lithuania, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Lithuanian non-life insurance segment, including:

- The Lithuanian non-life insurance segment’s detailed outlook by product category

- A comprehensive overview of the Lithuanian economy and demographics

- A comparison of the Lithuanian insurance industry with its regional counterparts

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

- Detailed analysis of natural hazards and their impact on the Lithuanian insurance industry

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

- Details of regulatory policy applicable to the Lithuanian insurance industry

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

- It provides historical values for the Lithuanian non-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 non-life insurance segment, and market forecasts to 2019.

- It profiles the top non-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 non-life insurance segment, and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Lithuanian 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 Lithuanian insurance industry, and their impact on companies and the industry's future.

Key Highlights
- The new regulatory framework, Solvency II, came into force in Lithuania on January 1, 2016. It is based on three pillars: risk-based quantitative requirements, governance and supervision, and disclosure and transparency.

- On January 1, 2016, Lithuania joined the Single Euro Payments Area (SEPA).

- In 2015, the leading insurance classes in terms of gross written premium were motor third-party liability, casualty and collision, and property insurance. This was generated from both registered insurers and insurers operating under the freedom of establishment principle.

- Growth in the construction industry, rising consumer awareness and the occurrences of floods supported property insurance during the review period.

- Brokers, agencies, and direct marketing dominated the segment, with a combined 98.7% of the direct written premium in 2014.

- The Lithuanian non-life segment is highly competitive and dominated by foreign-owned insurers.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Targeting the Over-50s with General Insurance

Targeting the Over-50s with General Insurance

  • $ 3450
  • Industry report
  • January 2017
  • by GlobalData

Summary The UK’s over-50s population is growing, which means that the customer segment is a growing opportunity for insurance providers. Those over 50 are often treated and targeted as one segment. ...

Non-Life Insurance Global Industry Almanac 2016

Non-Life Insurance Global Industry Almanac 2016

  • $ 2995
  • Industry report
  • January 2017
  • by MarketLine

Summary Global Non-Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). The profile ...

Non-Life Insurance Global Industry Guide 2016

Non-Life Insurance Global Industry Guide 2016

  • $ 1495
  • Industry report
  • January 2017
  • by MarketLine

Summary Global Non-Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). The profile ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.