Up to 120 BMW cars stolen in a sophisticated cross-border key cloning
racket were to be dismantled and shipped to Latvia, the High Court has
For the fourth consecutive year, Latgale remains the region where car
crashes involving vehicles that do not have OCTA insurance are more
common than in any other region of Latvia. Rezekne, Kraslava and
Jekabpils make up the TOP 3 places where such accidents occur most
According FKTK - The Financial and Capital Market Commission, the Latvian insurance market totaled EUR 142.7 million at the end of March 2014. Compared to the corresponding period of last year, the figure increased 13.5% y-o-y. At the same time, the value of paid claims and indemnities decreased 8.2% y-o-y to EUR 67.7 million.
RSA Insurance Group plc (RSA) announced at the end of June the completion of the sale of its Latvian business, AAS BALTA, to the Polish insurance group PZU, after receiving the formal regulatory approval.
The Financial and Capital Markets Commission of Latvia gave consent to PZU to purchase the shares of AAS Balta - leader of the Latvian insurance market. This is another step in the international expansion of the biggest Polish insurer, informed BC Agnieszka Zebrowska from the corporate communication department at PZU Group.
During the first quarter of 2014, the Latvian branch of Coface Austria Kreditversicherung AG credit risk insurer saw insurance premiums grow 2.7 times from the same period a year ago to 283,000 euros.
Ergo: insurance market in Latvia could increase by 7-8% in 2014. BC, Riga, 26.05.2014. Print version. The average growth of the insurance market in Latvia could increase 7-8% in 2014, Ergo Baltic States' board member Ingrida Kirse predicts, reports LETA.
Compensa TU S.A. Vienna Insurance Group (Compensa) nonlife insurer wrote 18.8m euros worth of premiums in Latvia and Lithuania in 2013, which was a 50 percent rise from a year before, the company's representative Katrina Rubene told BNS.
Insurance A.S. Latvijas Filiale, Riga, Latvia, won a federal contract valued at up to USD 2,317,298.31 from the U.S. Department of State's European Posts, Riga, Latvia, for health insurance services.
Financial and Capital Market Commission - FKTK reports that, in 2013, the Latvian insurance market grew by 5.3%, reaching EUR 471 million. The gross written premiums by local insurers decreased 1% y-o-y to EUR 350 million, while the gross premiums written by the EU branches totaled EUR 121 million or 30% more y-o-y.
The Latvian insurer BTA ended 2013 with a 12.2% increase in GWP, to EUR 160 million, while paid claims amounted to EUR 77.8 million, 13% up y-o-y. According to the company's unaudited results, the profit amounted to EUR 7.1 million.
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%.
Ahead of Latvian Independence Day festivities next week, joint-stock
insurance company BTA Insurance Company (BTA) has decided to renew its
insurance policy on the Freedom Monument in Riga, informs LETA.
Due to the persisting economic and consumption growth, the insurance market is accelerating by 7%, as shows the data provided by the Statistical Office and FKTK. The value of GWP by insurance companies increased in respect of all major types of insurance, especially the life segment (+23%). During the reporting period, gross premiums written by insurers (local companies and branches of EU insurers) totaled LVL 168 million or EUR 239 million, of which gross premiums written by the EU companies reached EUR 61 million or 26% of the total premiums written.
One of the most often types of household accidents in Latvia is liquid
or vapour leaks (30% of all insurance claims for private property),
according to BALTA insurance company (RSA group).
BTA Insurance Company SE (BTA) written insurance premiums totaled LVL
59.3 million in the first half of 2013, 10% or LVL 5.3 million more than
in the respective period in 2012, informs LETA.
BTA Insurance Company SE has performed a payment of a compensation worth
a total of LVL 145,665 to Valsts nekustamie ipasumi for the fire at
Health is the main cause of insecurity among Latvian residents, as
opposed to life, finances and property, according to a survey carried
out for the insurance company PZU, reported LETA. 57 percent of Latvian
residents point out that they do not feel safe about their health, the
highest figure in the Baltic States.
Insurance company If P&C Insurance branches in Estonia, Latvia and
Lithuania achieved EUR 5.6 million (LVL 3.94 million) in consolidated
profit in the first half of 2013, reported LETA/Nozare.lv.
Insurance specialists have examined the fire-hit Riga Castle in Latvia
and are now analyzing the information, reported regional news portal