The non-life segment accelerated by 3.6% y-o-y, while the value of life GWP increased by 13.5%. At the same time, as the FKTK's figures showed, the insurance companies paid EUR 262 million in claims.
The largest market segment were life insurance and transport ownership liability (each generated ~19% of total market) followed by motor hull (~17%), property (~14%), MTPL (~11%) and health insurance (~8%).
Access www.xprimm.com and download the FY2013 Latvian insurance market statistics.
Market portfolio (in EUR and LVL):
- Gross written premiums
- Paid claims
- Growth rates