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1 EUR - 7.4198 HRK
1 EUR - 27.021 CZK
1 EUR - 309.81 HUF
1 EUR - 4.2695 PLN
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Latvia

Location:
in eastern Europe, bordering the Baltic Sea, between Estonia and Lithuania

Climate:
maritime climate with wet, moderate winters

Natural hazards:
-





Currency: Lats (LVL)

1 EUR = 0.702804 Lats - LVL (fixed)

Sources:
The Financial and Capital Market Commission of Latvia (FKTK)
Latvian Insurers Association (LAA)
National Bank of Latvia

Insurance statistics

3Q2016Market Portfolioxlsx
1H2016Market Portfolioxlsx
1H2016Market Rankings (Latvia Insurance Association)xlsx
1Q2016Market Portfolioxlsx
FY2015Market Portfolioxlsx
1Q2015Market Portfolioxlsx
1H2015Market Portfolioxlsx
1Q2015Market Portfolioxlsx
FY2014Market Portfolioxlsx
3Q2014Market Portfolioxlsx
1H2014Insurance market overview pdf
1H2014Market portfolioxlsx
1Q2014Market portfolioxlsx
FY2013Insurance market overview pdf
FY2013Market Portfolioxlsx
3Q2013Market Portfolioxlsx
1H2013Insurance market overview pdf
1H2013Market Portfolioxlsx
1Q2013Market Portfolioxlsx
FY2012Insurance market overview pdf
FY2012Market portfolioxlsx
3Q2012Market Portfolioxlsx
1H2012Insurance market overview pdf
1H2012Market Portfolioxlsx
1Q2012Market portfolioxlsx
FY2011Insurance market overview pdf
FY2011Market Portfolioxlsx
3Q2011Market Portfolioxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolioxlsx
2010
Insurance market overviewpdf
2010Market portfolio and rankingsxlsx
1H2009
Latvian insurance market overviewpdf
1H2009 Market portfolio xls
1H2009 Life insurance rankingsxls
1H2009
Non-Life insurance rankings xls
2009Latvian insurance market overview pdf
2009Market portfolioxls
2009Life insurance rankingsxls
2009Non-Life insurance rankingsxls
1H2010Latvian insurance market overviewpdf
1H2010Market portfolioxls
1H2010Life insurance rankingsxls
1H2010Non-Life insurance rankingsxls




LATVIA: Baltikums VIG renamed to InterRisk VIG

Non-life insurer Baltikums Vienna Insurance Group has been renamed to InterRisk Vienna Insurance Group, information from Firmas.lv suggests LETA. More
(23.03.2017)

LATVIA: Number of insurance cases against critical disease increases significantly

Insurance claims for cases of critical diseases like cancer, heart attack and stroke have grown by nearly 70% over the course of the past year, according to data from ERGO. More
(23.03.2017)

LATVIA: Balta - insurance market grows more rapidly than the economy

"The number of insurance association owners is reducing, which could mean a smaller number of insurance companies in the future. One positive development for the insurance market is that it grows more rapidly than the economy," Balta chairman of the board Bogdans Bencaks told BNN in an interview. More
(15.03.2017)

Seesam: global warming effects are noted in LATVIA more and more each year

Natural occurrences caused by climate change create major losses for businesses and private persons in Latvia, according to information compiled by Seesam on insurance claim payments performed in the past decade. More
(09.03.2017)

Baltic insurance market to continue consolidation trend in 2017

The year 2016 saw a strong consolidation trend in the insurance sector in the EMEA region and Latvia was no exception. Vienna Insurance Group AG acquired Baltikums and BTA Baltic Insurance Company in a deal which is said to have contributed to the stability and sustainability of the insurance industry in the country.
More
(09.01.2017)

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. More
(09.01.2017)

LATVIA: Insurers' Association expects consolidation to continue on Baltic insurance market

Consolidation is likely to continue on the Baltic insurance market in the coming years, and in five years there could be five to six large market players in the Baltics, down from the current seven to eight major insurance companies, Latvian Insurers' Association told LETA. More
(20.12.2016)

STATISTICS: LATVIA, FKTK: EU branches reported higher growth rates in GWP than local insurers

The Latvian insurance market totaled EUR 419 million at the end of September 2016, 5.8% more y-o-y, according to data published by the Financial and Capital Market Commission - FKTK. At the same time, as FKTK's figures showed, the insurance companies paid EUR 258 million in claims (14.4% more y-o-y). More
(08.12.2016)

LATVIA: growth in non-life insurance market exceeds GDP growth indexes

In spite of slow non-life insurance market growth in Latvia, which had reached a mere 6% in the first three quarters, BALTA insurance association concluded the first nine months of 2016 with profits of EUR 3.2 million. More
(07.12.2016)

Insurance manager wins tender to become LATVIA's tax chief

A high-level insurance manager has won a tender to become Latvia's State Revenue Service's director-general, State Chancellery Director Martins Krievins, who chaired the panel assessing the candidates, told reporters Tuesday. More
(02.11.2016)

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