Per business lines, 28.6 % of the total GWP were written by life insurers (EUR 270.4 million), the rest were written by general insurers (EUR 674.8 million, or 71.4% of total GWP).
CB forecasted that the local insurance market will increase by 5-7% in 2019, to EUR 932 million. Non-life portfolio was estimated to grow by 5-7% (to EUR 670 million), while the life insurance market was expected to grow by 5-7%, to reach EUR 262 million.
14 non-life and 8 life insurers were active in the Lithuanian insurance market- including branches of foreign insurers.
Access www.xprimm.com and download the FY2019 Lithuanian insurance market statistics.