STATISTICS: LITHUANIA, FY2019: insurance market exceeded the 2019 CB projection by more than EUR 10 million

5 March 2020 — Andrei Victor
The Lithuanian insurance market totaled EUR 945.2 million at the end of 2019, 7.6% more y-o-y. At the same time, insurance companies paid EUR 499.3 million in claims, or 10.3% more y-o-y, according to the market data published by the Central Bank.

Per business lines, 28.6 % of the total GWP were written by life insurers (EUR 270.4 million), the rest were written by general insurers (EUR 674.8 million, or 71.4% of total GWP).

CB forecasted that the local insurance market will increase by 5-7% in 2019, to EUR 932 million. Non-life portfolio was estimated to grow by 5-7% (to EUR 670 million), while the life insurance market was expected to grow by 5-7%, to reach EUR 262 million.

14 non-life and 8 life insurers were active in the Lithuanian insurance market- including branches of foreign insurers.

Access and download the FY2019 Lithuanian insurance market statistics.

Share |