1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Lithuania Insurance Report Q1 2016

Lithuania Insurance Report Q1 2016

  • January 2016
  • -
  • Business Monitor International
  • -
  • 50 pages

Includes 3 FREE quarterly updates

BMI View: Although small, Lithuania's burgeoning insurance market offers healthy growth potential Boththe life and larger non-life sectors are expected to see premiums rise by the end of the current forecastperiod in 2019, recovering well from a short-term currency movement led contraction in 2015 The marketis home to a number of well-established regional insurance providers which are well placed to takeadvantage of growing distribution channels and will continue to achieve growth through the introduction ofa greater range of products The large insurance firms will be able to manage increasing capitalrequirements following the introduction of the Solvency II regime, though we may see some smaller playerspriced out of the market which gives scope for entry into the market via local acquisitions, particularly inthe non-life sector

Key Updates And Forecasts
- Telecommunications company Tele2 Lithuania has started selling two insurance plans for drivers inpartnership with the insurance brokers company Edrauda Customers can purchase mandatory liabilityassurance and road assistance insurance via their mobile phones
- The Bank of Lithuania has reportedly issued the first new insurance business licence in 14 years - thelicence has been issued to the private limited liability insurance undertaking Compensa ViennaInsurance Group which will provide cover across 14 non-life insurance classes as well as somecompulsory lines

Table Of Contents

Lithuania Insurance Report Q1 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Lithuania 2012-2019) 5
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Lithuania 2012-2019) 11
Table: Life Insurance Claims (Lithuania 2008-2013) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Lithuania 2012-2019) 15
Table: Non-Life Insurance Claims (Lithuania 2008-2013) 17
Non-Life Sub-Sector Forecast 17
Table: Non-Life Insurance Premiums by Product Line (Lithuania 2012-2019) 25
Insurance Risk/Reward Index 26
Emerging Europe Risk/Reward Index 26
Table: Emerging Europe Insurance Risk/Reward Index 27
Market Overview 28
Life Market Overview 28
The Product Offering 28
The Competitive Landscape 29
Table: Lithuania Life Insurance Market (USDmn) 2008-2013 30
Non Life Market Overview 32
The Product Offering 32
The Competitive Landscape 32
Table: Lithuania Non-Life Insurance Market (USDmn) 2008-2013 34
Company Profile 36
Gjensidige Baltic 36
Lietuvos Draudimas 38
SEB Life and Pensions International 40
Swedbank Life Insurance 42
Methodology 44
Industry Forecast Methodology 44
Risk/Reward Index Methodology 47
Table: Indicators 49
Table: Weighting of Indicators 50

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Amrita

+1 718 303 2019

Purchase Reports From Reputable Market Research Publishers
Commercial Non-Life Insurance Brokers in Europe

Commercial Non-Life Insurance Brokers in Europe

  • $ 10 000
  • Industry report
  • August 2016
  • by Finaccord

Finaccord’s report titled Commercial Non-Life Insurance Brokers in Europe, plus the BrokerBASE™ and market data annexe that accompany it, investigate the importance of brokers in the distribution of ...

UK Personal Insurance Distribution: Banks and Retailers

UK Personal Insurance Distribution: Banks and Retailers

  • $ 3 450
  • Industry report
  • June 2016
  • by Verdict Financial

Summary An affinity scheme is a partnership in which an insurer underwrites insurance to be distributed via another company whose primary product or service is not insurance. This includes banks and retailers ...

UK Travel Insurance: Market Dynamics and Opportunities 2016

UK Travel Insurance: Market Dynamics and Opportunities 2016

  • $ 3 450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented ...


Reportlinker.com © Copyright 2016. All rights reserved.

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