One of the most often types of household accidents in Latvia is liquid or vapour leaks (30% of all insurance claims for private property), according to BALTA insurance company (RSA group).

BTA Insurance Company SE (BTA) written insurance premiums totaled LVL 59.3 million in the first half of 2013, 10% or LVL 5.3 million more than in the respective period in 2012, informs LETA.

BTA Insurance Company SE has performed a payment of a compensation worth a total of LVL 145,665 to Valsts nekustamie ipasumi for the fire at Riga Castle.

Health is the main cause of insecurity among Latvian residents, as opposed to life, finances and property, according to a survey carried out for the insurance company PZU, reported LETA. 57 percent of Latvian residents point out that they do not feel safe about their health, the highest figure in the Baltic States.

Insurance company If P&C Insurance branches in Estonia, Latvia and Lithuania achieved EUR 5.6 million (LVL 3.94 million) in consolidated profit in the first half of 2013, reported LETA/Nozare.lv.

Insurance specialists have examined the fire-hit Riga Castle in Latvia and are now analyzing the information, reported regional news portal Apollo.lv.

The board of Financial and Capital Market Commission (FCMC) has decided to withdraw all the operating licences of Latvian insurer Balva to protect insurers.

Latvia's insurance market ended the period January-March 2013 with a 1% annual growth. The insurance companies underwrote LVL 65.4 million (EUR 93 million) worth of premiums. The market growth was fuelled by life insurance that rose by 16.3% to LVL 5.5 million of premiums. The non-life insurance sector decreased by 0.5% to LVL 59.9 million.

Only 18% of mopeds registered in Latvia had OCTA policies in the beginning of the season. Only 4 265 of currently 23 630 registered mopeds are insured, according to CSDD statistical data.

According to statistical data, Mondays and Fridays are the most dangerous days of the week for Latvian drivers.

In total, the volume of paid compensations increased 35%. Car owners pay an average of 21 LVL every month, according to Swedbank P&C Insurance compiled data.

Insurance company If P&C Insurance (If) branches in Estonia, Latvia and Lithuania earned EUR 1.4 million (LVL 0.98 million) in consolidated profit in the first quarter of 2013, LETA/Nozare.lv was informed by the company.

The floods and flash floods, which broke out across Latvia this spring, have been some of the most powerful in the past decade. The worst destruction occurred in Ogre, Plyavinyas, and in the areas around the city of Daugavpils.

A note published on the Latvian Financial and Capital Market Commission's website informs that FCMC decided to temporarily suspend, starting 16 April 2013, all operating licenses issued to the insurance joint stock company BALVA. The decision was made because of infringements of the law established in the activities of IJSC BALVA. According to the FCMC decision, the company will continue to fulfil the terms of contracts entered into with existing customers; however, it is not permitted to enter into new insurance contracts, to increase the insured sums or prolong the insurance contracts.

The amount of premiums signed by insurance companies in Latvia in 2012 was the smallest in the Baltic countries when compared to the countries' gross domestic product, according to data collated by insurance company Balta, writes LETA/Nozare.lv.

Latvian Insurers Association (Latvijas Apdrosinataju asociacija; LAA) reports that, in 2012, the Latvian insurance market grew by 12%, reaching LVL 214m. The insurance companies paid out LVL 118.9m in rewards, reported news2biz LATVIA.

The Financial and Capital Market Commission of Latvia today imposed several restrictions on the operations of the joint-stock insurance company Balva - the company must continue to fulfill its obligations to customers but it may not sign new insurance policies, as LETA/Nozare.lv learned from the commission.

Latvian insurance market had a 10% growth rate in 2012, especially due to the good dynamic reported by the non-life insurance segment: GWP amounted to LVL 249 million (or EUR 354 million), 9.6% y-o-y up.

Insurance company Gjensidige Baltic, a subsidiary of Norway's Gjensidige Forsikring, concluded 2012 with LVL 4.1 million in profit after tax, Nozare.lv was informed by the company, writes LETA.

The Latvian insurance market witnessed a 3.9% growth in premiums in January-September 2012, due to the continued appreciation of business related to the non-life segment, according to The Financial and Capital Market Commission (FKTK). The total GWP of the Latvian insurance market in 3Q2012 was about EUR 261 million compared with EUR 251 million a year earlier.