STATISTICS: LITHUANIAN insurance market posted robust half-year GWP growth

Lithuanian insurers reported GWP of EUR 387.7 million in 1H 2017, the growth rate within the entire insurance market being 17.4%, according to the half-year figures published on the Central Bank's website.

The life insurance segment expanded by 9.6% y-o-y to EUR 109.7 million due the 10.9% increase posted by the index-linked and unit-linked products.

In case of non-life segment, the significant increase in the premiums of motor insurance classes (MoD +20.9%, MTPL +33.4%) led to robust market growth of 20.8%.

According to the Central Bank's statistics, Swedbank Life Insurance (21.4% market share), Aviva Lietuva (20.7%) and SEB gyvybes draudimas (17.4%) were the top 3 life insurers in the country as GWP.

Of 15 non-life insurers active in the country, the largest three as GWP were Lietuvos draudimas (EUR 81.9 million), BTA Insurance Company (EUR 43.8 million) and ERGO (EUR 38 million).

Access www.xprimm.com and download the 1H2017 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

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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