Latvia

Location:
in eastern Europe, bordering the Baltic Sea, between Estonia and Lithuania

Climate:
maritime climate with wet, moderate winters

Natural hazards:
-





Currency: Lats (LVL)

1 EUR = 0.702804 Lats - LVL (fixed)

Sources:
The Financial and Capital Market Commission of Latvia (FKTK)
Latvian Insurers Association (LAA)
National Bank of Latvia

Insurance statistics

1H2017Market Portfolioxlsx
1H2017Insurance companies rankings xlsx
1Q2017Market Portfolioxlsx
1Q2017Insurance companies rankings xlsx
FY2016Market Portfolio FKTKxlsx
FY2016Insurance companies rankings LAAxlsx
3Q2016Market Portfolioxlsx
1H2016Market Portfolioxlsx
1H2016Market Rankings (Latvia Insurance Association)xlsx
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FY2014Market Portfolioxlsx
3Q2014Market Portfolioxlsx
1H2014Insurance market overview pdf
1H2014Market portfolioxlsx
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FY2013Insurance market overview pdf
FY2013Market Portfolioxlsx
3Q2013Market Portfolioxlsx
1H2013Insurance market overview pdf
1H2013Market Portfolioxlsx
1Q2013Market Portfolioxlsx
FY2012Insurance market overview pdf
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3Q2012Market Portfolioxlsx
1H2012Insurance market overview pdf
1H2012Market Portfolioxlsx
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FY2011Insurance market overview pdf
FY2011Market Portfolioxlsx
3Q2011Market Portfolioxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolioxlsx
2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
1H2009
Latvian insurance market overviewpdf
1H2009 Market portfolio xls
1H2009 Life insurance rankingsxls
1H2009
Non-Life insurance rankings xls
2009Latvian insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls
1H2010Latvian insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankingsxls


Latvia FY2017 Insurance Companies Ranking

Latvia FY2017 Market Portfolio F K T K

See all statistics

Swedbank in Baltics operated with profits in Q1

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.

STATISTICS: LATVIAN market up 10% in 2014 due the double-digit growth-rate reported by the EU branches

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).

STATISTICS: EU branches generated almost 30% of LATVIAN market in 3Q2014

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.

AON Consulting sets up enterprise in LATVIA

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.

IF earns EUR 17.4 mln in Baltics in January-September

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.

LATVIA's insurers' premiums increased 13.5% in Q1

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.