VIG in LITHUANIA: Acquisition of FINSALTAS delivers sustainable expansion in sales structure
"COMPENSA Life's acquisition of FINSALTAS, a highly successful business, will pave the way for continued and closer cooperation", the VIG officials said in a statement.
In the past few years, Lithuania's insurance industry has expanded rapidly, in line with the country's economic recovery. Unit-linked products dominate the life insurance segment, accounting for some 70% of total premiums. Life insurance premiums have risen by an average of around 20% over the past few years.