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Lithuania Insurance Report Q3 2016

  • June 2016
  • -
  • Business Monitor International
  • -
  • 51 pages

Includes 3 FREE quarterly updates

BMI View: The life and non-life insurance sectors remain on the small side in Lithuania and, overall, themarket is one of the smallest in the region. However, the outlook is relatively positive, with premiumsforecast to rise slowly but steadily throughout the course of the forecast period. Wider economic growthand a healthy regulatory environment will also attract more regional and multinational providers to themarket, improving the range of products available and potentially stimulating more rapid growth inpremiums.

Key Updates And Forecasts

- The Baltic region is proving a pivotal growth area for regional insurance providers. If P&C Insurance,based in Sweden, reports that gross premiums in the Baltic market including Lithuania, where it has morethan 330,000 customers, reached EUR36.3mn in the first quarter of 2016.

- The life sector, though smaller than the non-life sector, is forecast to post more rapid growth throughoutthe forecast period through to 2020, with premiums expected to increase from EUR246mn in 2016 toEUR288mn in 2020.

Table Of Contents

Lithuania Insurance Report Q3 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Lithuania 2013-2020) 5
SWOT 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Lithuania 2013-2020) 11
Table: Life Insurance Claims (Lithuania 2008-2015) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Lithuania 2013-2020) 15
Table: Non-Life Insurance Claims (Lithuania 2009-2015) 17
Non-Life Sub-Sector Forecast 17
Table: Non-Life Insurance Premiums by Product Line (Lithuania 2013-2020) 25
Insurance Risk/Reward Index 26
Emerging Europe Risk/Reward Index 26
Table: Emerging Europe Insurance Risk/Reward Index - Q316 27
Market Overview 28
Life Market Overview 28
The Product Offering 28
The Competitive Landscape 28
Table: Lithuania Life Insurance Market (USDmn) 2009-2015 30
Non-Life Market Overview 32
The Product Offering 32
The Competitive Landscape 32
Table: Lithuania Non-Life Insurance Market (USDmn) 2009-2015 34
Company Profile 36
Gjensidige Baltic 36
Lietuvos Draudimas 38
SEB Life and Pensions International 40
Swedbank Life Insurance 42
Methodology 45
Industry Forecast Methodology 45
Risk/Reward Index Methodology 48
Table: Indicators 50
Table: Weighting of Indicators 51

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