STATISTICS: Lithuanian market posted Q3 GWP worth EUR 760 m, EUR 50 m more vs. 3Q2020

16 November 2021 — Andrei Victor
The insurance market of Lithuania totaled EUR 760 million at end-September 2021, about EUR 50 million more (or by 7% y-o-y) vs. Q3 2020, according to the quarterly market figures published on the Central Bank's website.

The life insurance segment expanded by 8% y-o-y to EUR 228 million due the 12.6% increase generated by the index-linked and unit-linked products. At the same time, Lithuanian non-life insurers posted a 6.8% y-o-y increase in Q3 GWP, except the MTPL LoB (-3.7% y-o-y), all other main non-life subclasses reporting positive rates.

SWEDBANK Life Insurance (22.9% market share), COMPENSA Life (20.4%) and AVIVA Lietuva (18.8%) were the top 3 life insurers in the country as GWP. The largest three non-life insurers as GWP were LIETUVOS draudimas (EUR 154 million), BTA Insurance Company (EUR 85.5 million) and ERGO (EUR 73.5 million).

Access XPRIMM Database and download the latest Lithuanian insurance market statistics.

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