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
Market Portfolioxlsx
FY2016Insurance Companies Rankingsxlsx
3Q2016Market Portfolioxlsx
3Q2016Insurance Companies Rankingsxlsx
1H2016Market portfolioxlsx
1H2016Insurance Companies Rankingsxlsx
1Q2016Market Portfolioxlsx
1Q2016Insurance Companies Rankingsxlsx
FY2015
Market Portfolioxlsx
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


1H2017 Market Portfolio

1H2017 Insurance Companies Rankings

LITHUANIA: 1-5 months insurance premium income increased by 10.6%

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%.

LITHUANIA: Most drivers claim traffic safety can be increased by educating culture

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.

LITHUANIA, 1Q2013: Positive trend in all market segments

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.

MakoLab SA for PZU LITHUANIA - new proprietary system for insurance sale

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.

LITHUANIA: Central Bank suspends insurance license of INDUSTRIJOS Garantas

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.

LITHUANIA: ERGO establishes ERGO Insurance SE

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.

LITHUANIA: Insurance market grows by 13.4% in January

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.