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

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


1Q2017 Market Portfolio

1Q2017 Insurance companies rankings

LATVIA: Maxima store collapse in Latvia not covered under insurance policy

Maxima Latvija, a subsidiary of the retail group Maxima Grupe, and Tineo, the owner of the Riga shopping center that housed the collapsed Maxima store, are suing Ergo Insurance over its refusal to pay a claim worth 5.34 mln euros, but the insurer says that the event was not covered under the insurance policy.

LATVIA: Balta - insurance market grows more rapidly than the economy

"The number of insurance association owners is reducing, which could mean a smaller number of insurance companies in the future. One positive development for the insurance market is that it grows more rapidly than the economy," Balta chairman of the board Bogdans Bencaks told BNN in an interview.

Baltic insurance market to continue consolidation trend in 2017

The year 2016 saw a strong consolidation trend in the insurance sector in the EMEA region and Latvia was no exception. Vienna Insurance Group AG acquired Baltikums and BTA Baltic Insurance Company in a deal which is said to have contributed to the stability and sustainability of the insurance industry in the country.