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

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

Natural hazards:

Currency: Litas (LTL)

1 EUR = 3.45228 litas, LTL (fixed)

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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FY2014Market Portfolio (revised data)xlsx
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3Q2014Market Portfolioxlsx
1H2014Insurance market overview pdf
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FY2013Insurance market overview pdf
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1H2013Insurance market overview pdf
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FY2012Insurance market overview pdf
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3Q2012Insurance companies rankings xlsx
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1H2012Insurance market overview pdf
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FY2011Insurance market overview pdf
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1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
Lithuanian insurance market overviewpdf
1H2009 Market portfolio xls
1H2009 Life insurance rankingsxls
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

Lithuania 1H2018 Market Portfolio

Lithuania 1H2018 Insurance Companies Ranking

See all statistics

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.

LITHUANIANS are more satisfied with insurance services, than Latvians and Estonians

According to the study done by the independent research company EPSI Baltic in 2012, the satisfaction of Estonian (+3 points) and Lithuanian (+2.7 points) respondents with their insurance companies increased this year. Same time, the evaluations of Latvian inhabitants almost did not change this year in comparison to results of 2011.

LITHUANIA: Insurance market growing albeit life insurance premiums written contracted in volume

Lithuania's insurance market picked up by 1.3% in volume over three quarters of this year - insurance companies registered in the country and branches established in Lithuania by other European Union Member States wrote LTL 1.28 billion of insurance premiums. As in the previous quarters of this year, the extent of growth of written non-life insurance premiums outpaced significantly the volume of written life assurance premiums, which continued to contract.