STATISTICS: LATVIA, 1Q2016: Local insurers are losing market share to EU branches
Overall, the life insurance segment totaled EUR 26.1 million (0.7% more y-o-y), representing 16.6% of the total insurance market, wile in case of the non-life sub-classes, the largest share in total GWP was reported by the property line - which accounted of about 20.4% of the total market, motor policies (MTPL and motor hull, summed up) - 23.8% of total, health insurance - (14.9%) and transport ownership liability insurance (12.5%).
At the same time, the aggregate value of paid claims and indemnities was up by 12.8%, reaching EUR 85. 4 million.
Access www.xprimm.com and download the 1Q2016 Latvian insurance market statistics.