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

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FY2013Insurance market overview pdf
FY2013
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FY2012
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FY2012
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FY2011Insurance market overview pdf
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2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
1H2009
Lithuanian insurance market overviewpdf
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1H2009
Non-Life insurance rankings xls
2009Lithuanian insurance market overview pdf
2009Market portfolioxls
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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


1H2017 Market Portfolio

1H2017 Insurance Companies Rankings

POLAND's PZU close to buying RSA's Lithuanian insurer

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.

PZU and VIG, in race for the Lithuanian insurance market's leader

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.

Most vehicles in LITHUANIA are stolen in Vilnius and Palanga

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.

LITHUANIAN market totaled more than half a billion euro in 2013

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.