STATISTICS: EU branches generated almost 30% of LATVIAN market in 3Q2014
All in all, by segments, the non-life sector accelerated by 4.7% y-o-y to EUR 308 million, while the value of life GWP increased by 22.3% to EUR 70 million. At the same time, as the FKTK's figures showed, the insurance companies paid almost EUR 206 million in claims.
The largest market segments were life insurance (18.6% of total GWP) and transport ownership liability (~16.9%) followed by motor hull (~16.5%), property (~16.3%), MTPL (~10.4%) and health insurance (~9.3%).
Access www.xprimm.com and download the 3Q2014 Latvian insurance market statistics.
Market portfolio (in EUR and LVL):
- Gross written premiums
- Paid claims
- Growth rates