LATVIA: Swedbank : expert expects growth in car, housing insurance

There is a reason to expect growth in the numbers of insured cars and homes in the Latvian market, said Dzintars Kalnins, Head of Non-life Insurance Support Division at Swedbank.

He pointed out that, although non-life insurance was quite easily available, the ratio of insurance premiums to GDP in Latvia was still lower than the European average therefore there was a reason to expect growth in the numbers of insured cars and homes in Latvia.

But the situation has been changing in recent years and there is growing interest in insurance of assets outside the loan market, Kalnins said. Read the full story

Related articles

photodune-3834701-laughing-girl-xs

William VIDONJA: The sky is going to fall on insurers, intermediaries and consumers

"The sky is going to fall soon on the insurers, intermediaries and consumers in Europe", believes William VIDONJA, Head of Conduct of Business, Insurance Europe, referring to EU regulation.
In this regard, he stressed out the new features of the IDD (insurance distribution directive), PRIIPs (related to investment-based insurance products) and Solvency II Directive.

2016-09-29

ON THE MOVE

TOP EVENT

The 9th International Istanbul Insurance Conference started today in Istanbul

In emerging markets like Turkey, there can be a significant difference between the insured and total insurable losses. Parametric insurance is a smart way to close this protection gap. While the traditional products cover an insured loss, parametric products provide financial protection for various expenses from financial liabilities to contingent loss of profit which, in return, decreases the economic loss burden following a CAT event.

04.10.2017

61st "Rendez-Vous de Septembre" ends today in Monte Carlo: review

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers ends today in Monte Carlo. The Nat Cat insurance protection gap, as well as the global insurance market readiness to deal with the increasing complexity of the cyber risks were among the most debated topics.

14.09.2017

See all