in eastern Europe, bordering the Baltic Sea, between Estonia and LithuaniaClimate:
maritime climate with wet, moderate wintersNatural 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
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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.
Insurance company BTA Insurance Company (BTA) in Latvia racked up EUR 133.1 million in premiums in the first nine months of 2014, which is 8.4% more than in the first none months of 2013, informs LETA.
Latvian Financial and Capital Market Commission approved new persons joining Management Board of Balta, leader of Latvian insurance market: Mr. Bogdan Benczak, who will be the new CEO of Balta, and Mr. Rafa
According to the figures published by the Financial and Capital Market Commission - FKTK, the Latvian insurance market totaled, at the end of June, EUR 257.5 million, 7.7% more y-o-y. At the same time, the value of paid claims and indemnities increased by 1.3% y-o-y to EUR 135.3 million.
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.