The insurance company Balta earned EUR 96,000 in the first quarter this
year, reports LETA, according to the company's announcement. For
comparison - in the first quarter last year, Balta earned EUR 6,000.
In the first quarter of the year 2015, Swedbank in Latvia earned a net profit of EUR 23 million, compared to EUR 32 million for Q1 2014. Swedbank Lithuania earned a net profit of EUR 21 million in Q1 2015 and Swedbank Estonia earned a net profit of EUR 37.1 million, informs LETA.
According to the figures published by the Financial and Capital Market Commission - FKTK, in 2014 the Latvian insurance sector totaled EUR 517.4 million, or 9.9% more y-o-y. During the reporting period, gross premiums written by local insurers went up by 6% to EUR 371 million (71.7% of total market), while the EU branches' business saw a double-digit growth rate (+21%) to EUR 146.3 million (28.3% of total GWP).
According to the figures published by the Financial and Capital Market Commission - FKTK, the Latvian insurance market totaled at the end of September 2014 about EUR 378 million, or 7.6% more y-o-y. Of the total, gross premiums written by local insurers increased by EUR 10 million as compared to september 2013 (to EUR 271 million), while the gross premiums written by the EU branches reached more than EUR 107 million, or 28.3% of the total GWP.
SIA Aon Consulting has been registered with the Registry of Enterprises
of the Republic of Latvia, the company is the Latvian subsidiary of the
world's leading human resource management consulting, risk management,
and insurance brokerage company, the Aon Corporation. The consulting
company's paid up share capital is EUR 30,000.
Estonia-registered insurance company If P&C Insurance and its
subsidiaries in Latvia and Lithuania, earned EUR 17.4 million in
January-September 2014, informs LETA...In January-September 2013, If
P&C Insurance earned EUR 10.8 million.
10-12 April 2018 Radisson Hotel, Moscow, Russia Organizer: The Reinsurance Committee of All-Russian Insurance Association and DELOVOY Format Group as Co-organizer Media Partner: XPRIMM Publications For details:ins-df.com
16-17 April 2018 Intercontinental Hotel, Almaty, Kazakhstan Organizer: InterConsult Info with the support of the Kazakhstan Association of Insurers Official Publication: XPRIMM Publications For details:www.allinsurance.kz