STATISTICS: LITHUANIA, 1H2020: Life segment has offset the decline in non-life insurance

27 August 2020 — Andrei Victor
Lithuanian insurers reported GWP of EUR 470.48 million in 1H 2020, 0.29% more y-o-y, according to the half-year figures published on the Central Bank's website.

The life insurance segment expanded by 10.49% y-o-y to EUR 140.81 million due the 15.30% increase posted by the index-linked and unit-linked products.

On the other hand, in case of non-life segment, Lithuanian insurers reported a 3.52% y-o-y decrease in GWP, especially due the declines reported by the two motor lines.

SWEDBANK Life Insurance (23.76% market share), AVIVA Lietuva (18.82%) and COMPENSA Life (18.62%) were the top 3 life insurers in the country as GWP.

Of 14 non-life insurers active in the country, the largest three as GWP were LIETUVOS draudimas (EUR 95.45 million), BTA Insurance Company (EUR 53.56 million) and ERGO (EUR 46.34 million).


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