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

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