Lithuania

Location:
Eastern Europe, bordering the Baltic Sea, between Latvia and Russia

Climate:
transitional, between maritime and continental; wet, moderate winters and summers

Natural hazards:
NA


Currency: Litas (LTL)

1 EUR = 3.45228 litas, LTL (fixed)

Sources:
Bank of Lithuania - Starting January, 1st, 2012, the Bank of Lithuania took over the functions of the liquidated Insurance Supervisory Commission (DPK).
Lithuanian Insurers Association (LDA)

Insurance statistics

1H2017Market Portfolioxlsx
1H2017Insurance Companies Rankingsxlsx
1Q2017Market Portfolioxlsx
1Q2017Insurance Companies Rankingsxlsx
FY2016
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FY2016Insurance Companies Rankingsxlsx
3Q2016Market Portfolioxlsx
3Q2016Insurance Companies Rankingsxlsx
1H2016Market portfolioxlsx
1H2016Insurance Companies Rankingsxlsx
1Q2016Market Portfolioxlsx
1Q2016Insurance Companies Rankingsxlsx
FY2015
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FY2015Insurance Companies Rankingsxlsx
3Q2015Market portfolioxlsx
3Q2015Insurance Companies Rankingsxlsx
1H2015Market portfolioxlsx
1H2015Insurance Companies Rankingsxlsx
1Q2015Market portfolioxlsx
1Q2015Insurance Companies Rankingsxlsx
FY2014
Insurance Companies Rankings (revised data)xlsx
FY2014Market Portfolio (revised data)xlsx
FY2014
Insurance Companies Rankingsxlsx
FY2014Market Portfolioxlsx
3Q2014
Insurance Companies Rankingsxlsx
3Q2014Market Portfolioxlsx
1H2014Insurance market overview pdf
1H2014Market portfolioxlsx
1H2014Insurance companies rankingsxlsx
1Q2014Market Portfolioxlsx
1Q2014Insurance Companies Rankingsxlsx
FY2013Insurance market overview pdf
FY2013
Insurance Companies Rankingsxlsx
FY2013Market Portfolioxlsx
3Q2013
Insurance Companies Rankingsxlsx
3Q2013Market Portfolioxlsx
1H2013Insurance market overview pdf
1H2013Market Portfolioxlsx
1H2013Insurance Companies Rankingsxlsx
1Q2013Insurance Companies Rankingsxlsx
1Q2013Market Portfolioxlsx
FY2012Insurance market overview pdf
FY2012
Insurance companies rankingsxlsx
FY2012
Market portfolioxlsx
3Q2012Insurance companies rankings xlsx
3Q2012Market portfolioxlsx
1H2012Insurance market overview pdf
1H2012Market portfolioxlsx
1H2012Insurance companies rankingsxlsx
1Q2012Market Portfolioxlsx
1Q2012Insurance Companies Rankingsxlsx
FY2011Insurance market overview pdf
FY2011Market Portfolioxlsx
FY2011Insurance Companies Rankingsxlsx
3Q2011Market Portfolioxlsx
3Q2011Insurance Companies Rankingsxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
1H2009
Lithuanian insurance market overviewpdf
1H2009 Market portfolio xls
1H2009 Life insurance rankingsxls
1H2009
Non-Life insurance rankings xls
2009Lithuanian insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls
1H2010Lithuanian insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life insurance rankings (total & main lines)xls
1H2010Non-Life insurance rankings (total & main lines)xls


Lithuania 3Q2017 Insurance Companies Ranking

Lithuania 3Q2017 Market Portfolio

See all statistics

STATISTICS: LITHUANIA's H1 market grows 5.74% to EUR 330.20 million

Lithuania's insurance market (including branches of foreign companies), totalled EUR 330.20 million at the end of June 2016, up by 5.74% y-o-y, according to data published by the Central Bank of Lithuania. Non-life insurance market grew by 11.85% to EUR 230.08 million (69.68 of total GWP), while life insurance market lost 6.05 % to EUR 100.12 million (30.32% of total market).

BITE LITHUANIA offers insurance for handset screens

Mobile operator Bite Lithuania has introduced insurance for mobile handset screens. According to a poll carried out by the operator, customers usually don't use handset screen repair services due to the high price. The operator offers the insurance to all customers buying handsets in its shops. The service is free during the first month and then costs EUR 1.99 per month. Subscribers choosing some new tariffs from the operator are offered the insurance free for three to 12 months.

LITHUANIA: Gjensidige to merge its Baltic companies

Gjensidige non-life insurer is merging its companies in the Baltic States and plans to finish the process by this fall, informs LETA. After the merger is completed, Gjensidige Group in the Baltics will be operating as Gjensidige insurance company with branches in Latvia and Estonia.

ERGO's insurance operations in Baltics grow 14% in 2015

The total value of insurance contracts of ERGO in the Baltic countries in 2015 was 186 million euros, almost 14% more than in 2014; the insurer's net income for the period totaled 4.3 million euros, informs LETA/BNS.

LITHUANIA, 2014: The gross value added per person employed amounted to EUR 24 975

Statistics Lithuania informs that, after the revision of gross value added and employment indicators, labour productivity estimates were recalculated. In 2014, the value added per hour actually worked in the whole economy amounted to, on average, EUR 13.62 at current prices, which is by EUR 0.31 more than in 2013. The gross value added per person employed amounted to EUR 24 975.

STATISTICS: Bank of Lithuania, 1H2015: Insurance market reaches record volumes, although the growth rates of the insurance branches vary

The insurance market recorded a year-on-year 6.4% increase over the first half of this year in terms of premiums written, with its volumes reaching record heights - EUR 312.3 million. "Growth in life insurance was less robust than a year ago, but this branch remains the main engine of growth within the entire insurance market. The non-life insurance market boosted as well, although the most numerous in terms of contracts concluded, the motor third party liability (MTPL) insurance class did not avoid a decline", says Mindaugas SALCIUS, Deputy Director of the Prudential Supervision Department of the Supervision Service at the Bank of Lithuania.