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Lithuania Insurance Report Q4 2016

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

Includes 3 FREE quarterly updates


BMI View:
Insurance market growth is being supported by growing motor insurance premiums. Poor equity market trends have caused downward pressure on life premiums. In spite of steady growth over the medium term, the market will remain one of the smallest in the region. Rising premiums will be supported by economic growth and investment, particularly with the interest of foreign multinational providers.
Key Updates And Forecasts


- In H116, the domestic insurance market grew by 5.7% y-o-y, according the Bank of Lithuania. The Bank of Lithuania projects that by end-2016, the domestic insurance sector will slightly increase its growth rate and the market will grow by 6-7%. This is around twice the 3.6% growth we forecast, based on our inhouse modelling that takes account of end-market trends and the macroeconomic forecast. The central bank is predicting growth of 8-10% in non-life and zero growth in the life sector, based on the assumption of strong motor insurance premiums. However, for the full-year we believe the rate of growth will be the same in both segments at around 3.6%.

Table Of Contents

Lithuania Insurance Report Q4 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Lithuania 2013-2020) 5
SWOT 6
Insurance 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 - Q416 27
Market Overview 28
Life Market Overview 28
Product Offering 28
Competitive Landscape 28
Table: Lithuania Life Insurance Market (USDmn) 2009-2015 30
Non-Life Market Overview 31
Product Offering 31
Competitive Landscape 32
Table: Lithuania Non-Life Insurance Market (USDmn) 2009-2015 33
Company Profile 35
Gjensidige Baltic 35
Lietuvos Draudimas 37
SEB Life and Pensions International 39
Swedbank Life Insurance 41
Methodology 44
Industry Forecast Methodology 44
Sector-Specific Methodology 45
Risk/Reward Index Methodology 47
Table: Indicators 49
Table: Weighting of Indicators 50

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