LATVIAN market up 7.3% in 3Q2013 due the EU branches increases

According to the figures published by the Financial and Capital Market Commission - FKTK, the Latvian insurance market totaled at the end of September almost EUR 352 million, or 7.3% more y-o-y. The non-life segment accelerated by 5.7% y-o-y, while the value of life GWP increased by 17%.

During the reporting period, gross premiums written by local insurers remained almost unchanged as compared to 3Q2012 (EUR 261.4 million), while the gross premiums written by the EU branches reached EUR 90.4 million or 26% of the total premiums written.

Access www.xprimm.com and download the 3Q2013 Latvian insurance market statistics.

Market portfolio (in EUR and LVL):
  • Gross written premiums
  • Paid claims
  • Growth rates

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