STATISTICS: LITHUANIA's H1 market grows 5.74% to EUR 330.20 million

25 August 2016 — Vlad BOLDIJAR
Lithuania's insurance market (including branches of foreign companies), totalled EUR 330.20 million at the end of June 2016, up by 5.74% y-o-y, according to data published by the Central Bank of Lithuania. Non-life insurance market grew by 11.85% to EUR 230.08 million (69.68 of total GWP), while life insurance market lost 6.05 % to EUR 100.12 million (30.32% of total market).

Motor TPL insurance, motor hull policies and the property segment accounted for about 55% of the overall insurance market or 78.45% of non-life segment, while life policies related with investment funds accounted for 56.8% of the total life insurance premiums written.

AVIVA Lietuva (20.02%) and SWEDBANK (21.62%) are the largest life insurers as GWP volume, while LIETUVOS draudimas, BTA Ins. Company SE filialas Lietuvoje and ADB Gjensidige (the former PZU Lietuva) lead the non-life segment - generating together about 56% of non-life GWP.

Access and download the 1H2016 Lithuanian insurance market statistics.

Market portfolio:
  • Gross written premiums
  • Paid claims
  • Growth rates
Life & non-life market rankings:
  • Gross written premiums
  • Paid claims
  • Market shares