Based on the data of non-life insurance company BTA, July is the most dangerous month for Lithuania's motorcycle drivers. Statistics for the last three years show that the number of accidents caused by motorcycle drivers in July increases three times compared to other warm-season months, informs LETA/ELTA.
17 June 2014
The insurance undertakings registered in the country and branches of insurance undertakings of other European Union Member States established in Lithuania wrote, in the first quarter of 2014, LTL 486.9 million (or EUR 141 million) of insurance premiums, a one-tenth increase year on year.
12 June 2014
Largest Lithuanian insurance company Lietuvos Draudimas earned LTL 17.2
million (EUR 4.9 million) in pre-tax profit while non-life premiums
written amounted to LTL 92.5 million (EUR 26.7 million) in Q1of 2014,
reports LETA/ELTA.
8 May 2014
PZU, eastern Europe's biggest insurer, is close to acquiring Lithuanian
rival Lietuvos draudimas from British group RSA in a deal valued at
around 100 million euros ($139 million), sources with knowledge of the
matter said on Monday. Last month Lithuanian media reports said that the
PZU, the Polish state-controlled group, was bidding in competition with
Austria's Vienna Insurance Group but PZU offered better conditions.
14 April 2014
The largest insurer of the Central and Eastern Europe, the Polish company PZU, and the Austrian group VIENNA Insurance Group are the main competitors in the race for acquisition of DRAUDIMAS Lietuva, the top insurer in Lithuania, in a deal estimated at around EUR 100 million, informs REUTERS, quoting local press.
10 April 2014
A study by non-life insurance company BTA revealed that each year thefts
account for 2% of all CASCO (full-coverage car insurance) insured
events in Lithuania. According to the data of the Police Department,
3,166 thefts were registered in Lithuania in 2013, or by 7% less
year-on-year, informs LETA/ELTA.
21 March 2014
Lithuanian insurance market increased to EUR 563 million (LTL 1.95 billion) in 2013 from the previous year, as reported by the Bank of Lithuania. Non-life insurance accounted for 68% of all market, increasing by 8.7% to EUR 382 million (LTL 1.32 billion). The number of policyholders increased by 4% to around 5.25 million, due to the 4% increase in the non-life insurance segment to around 5.2 million.
27 February 2014
The Lithuanian Cabinet approved on February 12th, a loan of EUR 2.9 million for the state-owned housing mortgage insurance company, BUSTO PASKOLU Draudimas. The loan is necessary for helping the insurer to fulfill its obligations and continue to pay claims, informs LETA/ELTA.
13 February 2014
A recent survey made by the non-life insurer BTA showed that Lithuanian citizens are mostly interested in the accident insurance products, perceived by about a third of the respondents as providing the highest sense of security. The following top choices expressed were health insurance, property and Motor Hull insurance.
15 January 2014
Insurance market growth strengthened even more this year and life insurance segment was characterized by the largest volume of premiums written in six years, according to the January-September 2013 market data, recently published by the Bank of Lithuania.
14 November 2013
In the first half-year the insurance market grew by almost one tenth — insurers registered in Lithuania and local branches of insurance companies from other European Union member states written LTL 940.1 million (or EUR 242 million) in premiums - 9.9% more than in the same period last year.
5 September 2013
Insurance payments arising from the recent storms that hit some parts of
Lithuania is expected to total at least 1 - 1.5 million Lithuanian
litas (USD 385,514 - USD 578,271), Lithuanian news website Vz.lt
reported.
19 August 2013
The biggest insurance company in Lithuania Lietuvos Draudimas estimated
that, due to the stormy weather in Lithuania, the company lost LTL 700
thousand (EUR 202 thousand), reported LETA/ELTA.
13 August 2013
According to the Baltic communication Club 625 reported, Lithuania
Central Bank data show that 1-5 parts of this legislation Insurance
industry (including branches of foreign insurance companies in
elevation) written premium income of 7.82786 billion cubic special, an
increase of 10.6%.
1 July 2013
Regardless of the age or driving experience, more than half of
Lithuania's drivers believe that education of driving culture would
improve traffic safety more than stricter penalties for violations of
road traffic rules (KET) or greater number of patrol officers, says
country's largest insurance company Lietuvos Draudimas after conducting
the online pole. 10,000 of respondents participated in the survey,
writes LETA/ELTA.
1 July 2013
According to the data of the Bank of Lithuania, the amount of gross written premiums over the first quarter of 2013 totaled LTL 441.3 million (EUR 127.8 million), which was 11% more than over the same period last year. At the same time, in the analyzed period, insurers paid claims of LTL 315.7 million (EUR 91.4 million) or 28% more y-o-y.
20 June 2013
MakoLab - a company specializing in development and deployment of
complex online solutions for business - has designed, developed and
deployed the dedicated LICOSS (Life Insurance Contract Sales System)
system which supports selling of life insurance. The goal of the project
is to increase these sales and reduce their costs by providing agents
and brokers with an easy to use system which simplifies and automates
processes of offering insurance policies, their calculation and
verification; as well as cancelling of contracts.
28 May 2013
The Board of the Bank of Lithuania terminated the insurance activities
license of the closed joint stock insurance company Industrijos
Garantas. This license was issued to the company under the Republic of
Lithuania's Insurance Supervisory Commission's resolution of 15 March
2005, Lithuania's central bank said in a statement, writes LETA/ELTA.
8 March 2013
The joint stock insurance company ERGO Lietuva, as well as its companies
operating in Latvia and Estonia, have joined the new European company
ERGO Insurance SE; therefore, the Board of the Bank of Lithuania
terminated the insurance activities license of ADB ERGO Lietuva, the
Bank of Lithuania said in a statement, writes LETA/ELTA.
8 March 2013
Lithuania's insurance market went up by 13.4% in January 2013 as
compared to previous year's corresponding month, Lithuanian business
portal Verslo Zinios reports on February 20, 2013, writes LETA/ELTA.
21 February 2013