Key Market Indicators
Lithuanian insurance spending is projected to reach €316 million by 2028, up from approximately €273 million in 2023. This marks an average annual growth rate of 2.3%. Since the turn of the century, demand in Lithuania has seen a steady increase of 3.5% annually. In a related metric, Lithuanian Gross Written Premiums are expected to climb to $1.43 billion by 2028, rising from $1.21 billion in 2023. This represents an average yearly growth of 2.7%. Since 2015, the supply of these premiums has expanded at an annual rate of 3.1%. In 2023, Lithuania ranked 24th in terms of Gross Written Premiums, with Sri Lanka slightly ahead at $1.21 billion. Leading the rankings were the United Kingdom, Germany, and the Netherlands, occupying the second, third, and fourth positions respectively.
