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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2010Market portfolio and rankingsxlsx
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2009Market portfolioxls
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Lithuania 3Q2017 Insurance Companies Ranking

Lithuania 3Q2017 Market Portfolio

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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.

LITHUANIA: GWP dropped 1.2% in first half year

Gross written insurance premiums in Lithuania dropped by 1.2% in the first six months, led by an 11.2% decrease in life insurance policies, according to the financial figures recently published by the Central Bank of the Republic of Lithuania. The premiums reached LTL 855.3 million (EUR 247.7 million), with non-life premiums accounting for 70.2% and life policies for 29.8% of the total, show the statistics published by the central bank. A year earlier, the proportion was 60.9% against 33.1%.

LITHUANIA: Number of road accidents in with participation of Belarusian growing each year

The number of accidents involving Belarusians in Lithuania is growing every year. For example, there were 58 accidents by the fault of Belarusians in 2007, while in 2008 - 72, in 2009 - 81, in 2010 - 130 and in 2011 - 155. "It was when our green card was active and our insurance companies paid for an accident committed by Belarusians in Lithuania," informed the Belarusian Transport Insurance Bureau.

Bank of Lithuania, 1Q2012: The insurance market contracted due to lower life assurance volumes

According to the data of the Bank of Lithuania, the amount of insurance premiums written in the domestic insurance market over the first quarter of 2012 made up LTL 397.7 million, which was 0.2 per cent less than over the same period last year. In total, 1.09 million of insurance contracts were concluded, which was 4.0 per cent more than in the first quarter of 2011. Over the first three months of the year, insurers paid claims for the amount of LTL 255 million or 1.8 per cent less than a year ago.

LITHUANIA: Shareholders approved results of AB Lietuvos Dujos

AB Lietuvos Dujos shareholders at their Annual General Meeting of 23 April 2012 approved the Company's activity results of the year 2011. Compared to 2010, the consolidated audited sales revenue of AB Lietuvos Dujos increased by 5.3% and amounted to LTL 1,840.0 million* (2010: LTL 1,746.8 million). The revenue growth was determined by the higher revenue from the supply activity. The revenue from the transportation activity remained at the level of 2010, of which the revenue from gas transit showed a significant increase. The consolidated pre-tax profit of AB Lietuvos Dujos decreased from LTL 148.9 million in 2010 to LTL 104.3 million in 2011.