Key Market Indicators
Latvian insurance spending is projected to hit €294 million by 2028, up from approximately €256 million in 2023. This marks a steady compound annual growth rate (CAGR) of 2.2%. Since the turn of the millennium, Latvia has witnessed a consistent annual increase in insurance demand, averaging 1.3% each year. The rising trend underscores the growing importance of the insurance sector in the Latvian economy.
