STATISTICS: LITHUANIA 1H: motor lines posted the largest GWP increases

Lithuanian insurers reported GWP of EUR 440 million in 1H 2018, 13.4% more y-o-y, according to the half-year figures published on the Central Bank's website.

The life insurance segment expanded by 7.1% y-o-y to EUR 117.4 million due the 11.2% increase posted by the index-linked and unit-linked products.

In case of non-life segment, the growth rate was more robust: +15.9% y-o-y to EUR 322 million. The largest increases were reported in the premiums of motor insurance classes (MoD +13.8%, MTPL +24.8%).

According to the Central Bank's statistics, Swedbank Life Insurance (22.3% market share), Aviva Lietuva (20%) and SEB gyvybes draudimas (17.2%) were the top 3 life insurers in the country as GWP.

Of 15 non-life insurers active in the country, the largest three as GWP were Lietuvos draudimas (~EUR 95 million), BTA Insurance Company (EUR 55 million) and ERGO (EUR 45 million).

Access www.xprimm.com and download the 1H2018 Lithuanian insurance market statistics.

Market portfolio:

  • Gross written premiums
  • Paid claims
  • Growth rates
Life & non-life market rankings:

  • Gross written premiums
  • Paid claims
  • Market shares
Find detailed 1H2018 market data in the forthcoming edition of the XPRIMM Insurance Report CEE, SEE & CIS - 1H2018, to be launched on 21 October, in Baden Baden.



Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

ON THE MOVE

IGI appoints its first Chief Technology Officer

International General Insurance Holdings Limited (IGI), the international specialist commercial insurer and reinsurer, has announced the appointment of Nasser ZAGHA to the newly-created role of Chief Technology Officer.

15.11.2018

Thierry DEREZ resigned from SCOR's Board of Directors

Thierry DEREZ, chief executive of COVEA, has resigned from the Board of SCOR, thus putting an end to a conflictual situation that lasted several months following the rejected EUR 8.2 million takeover bid placed by COVEA in September.

14.11.2018

TOP EVENT

Reducing the risks in agriculture by using insurance means, discussed in Skopje

On November 1st, an Agricultural insurance conference took place in Skopje, Macedonia, organized by the Insurance Supervision Agency in cooperation with the Ministry of Agriculture, Forestry and Water Economy. Drawing attention to the necessity of reducing the risks in agriculture by using insurance was the event's main purpose.

06.11.2018

IIF 2018 - Insurance in a DIGITAL WORLD

Emmanuel DJENGUE, Innovation Director, Europe - RGAX, Spain is the Keynote Speaker at IIF 2018 - Insurance in a DIGITAL WORLD Conference in Bucharest, on November 27.

05.11.2018

See all