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
1Q2016Market Portfolioxlsx
FY2015Market Portfolioxlsx
1Q2015Market Portfolioxlsx
1H2015Market Portfolioxlsx
1Q2015Market Portfolioxlsx
FY2014Market Portfolioxlsx
3Q2014Market Portfolioxlsx
1H2014Insurance market overview pdf
1H2014Market portfolioxlsx
1Q2014Market portfolioxlsx
FY2013Insurance market overview pdf
FY2013Market Portfolioxlsx
3Q2013Market Portfolioxlsx
1H2013Insurance market overview pdf
1H2013Market Portfolioxlsx
1Q2013Market Portfolioxlsx
FY2012Insurance market overview pdf
FY2012Market portfolioxlsx
3Q2012Market Portfolioxlsx
1H2012Insurance market overview pdf
1H2012Market Portfolioxlsx
1Q2012Market portfolioxlsx
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 1Q2018 Market Portfolio

Latvia FY2017 Insurance Companies Ranking

See all statistics

ERGO: insurance market in LATVIA could increase by 7-8% in 2014

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.

LATVIAN insurance market up 5.3% in 2013

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.

LATVIA 1H2013: market growth owed to the EU branches

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.

LATVIA, PZU: 57% do not feel safe about their health

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.