Of this total, branches of EU insurers generated more than one third (38.57%) - EUR 97.39 million, or 20.42% more y-o-y, the remaining EUR 155.28 million (+15.53% y-o-y) being generated by the local insurers.
Pe business lines, life GWP totaled EUR 65.13 million (+12.11% y-o-y), while non-life GWP was up by 19.31% to EUR 187.54 million.
At the end of March 2022, there were 4 non-life insurance companies and 2 life insurance companies operating in Latvia, as well as 12 branches of foreign insurers.
The largest life insurer in the country is SEB Life and Pension Baltic SE (33.47% market share), while BTA Baltic Insurance Company led the non-life ranking with 33.53% market share.
Access xprimm.com database and download the Q12022 Latvian insurance market statistics.