STATISTICS: LITHUANIA, 3Q: Insurers' GWP increased by EUR 75 million, fueled especially by the two motor classes

Lithuania's insurance market increased by almost 13% y-o-y totaling EUR 655 million at the end of September 2018, according to the Lietuvos bankas's 3Q figures.

Non-life segment grew by 14.5% y-o-y to EUR 475 million (72.6% of total GWP), while life insurance market was up by 8.8 % to ~ EUR 180 million.

In absolute values. MTPL grew by EUR 32.4 million, MoD by EUR 14 million, medical insurances - EUR 6.3 million, while on life segment, the largest source of growth was represented by UL policies: + EUR 13 million.

Swedbank Life Insurance (22.2% market share) and Aviva Lietuva (19.7%) were the largest life insurers as GWP volume, while LIETUVOS draudimas, BTA Insurance Company and ERGO filialas lead the non-life segment - generating together about 62% of non-life GWP.

Access and download the 3Q2018 Lithuanian insurance market statistics.

Market portfolio:

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

  • Gross written premiums
  • Paid claims

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