Lithuania
LITHUANIA: Bank of Lithuania: The insurance market continues to grow faster than the country's economy
In the first quarter of 2025, according to unaudited data, insurance companies, operating in Lithuania earned a total of EUR 32 million of pre-tax profit, which is 20.8% more y-o-y, the Bank of Lithuania said.
11 July 2025STATISTICS: LITHUANIA Q1 2025: almost 9% growth, mainly driven by the motor insurance line
During January-March 2025, the Lithuanian insurance market grew by 8.79% y-o-y to EUR 428.20 million, according to the market figures published by the Bank of Lithuania.
The amount of non-life GWP increased by 9.36% y-o-y to ~EUR 333 million, while the life insurance market grew by almost 6.9% to ~EUR 95 million.
The amount of non-life GWP increased by 9.36% y-o-y to ~EUR 333 million, while the life insurance market grew by almost 6.9% to ~EUR 95 million.
26 June 2025LITHUANIA: Record number of disputes resolved last year, almost half of them were consumer disputes with insurance companies
The Bank of Lithuania processed a record number of consumer disputes last year. The number of disputes with insurers recorded an increase, while the number of disputes with banks was significantly decreasing, the Bank said.
1 April 2025STATISTICS: LITHUANIA FY2024: the market has exceeded the threshold of EUR 1.5 billion
During 2024, the Lithuanian insurance market grew by 8.96% y-o-y (or by EUR 130.25 million) to EUR 1.58 billion, while the value of payments expanded by 11.4% y-o-y to EUR 704.67 million, according to the market figures published by the Bank of Lithuania – Lietuvos Bankas.
3 March 2025STATISTICS: Lithuania 3Q2024: motor insurance had the most significant impact bith on GWP and paid claims figures
The Lithuanian insurance market totaled EUR 1.17 billion at end-September 2024, up by 9.57% y-o-y, according to the quarterly figures published on the Central Bank's website. During the analyzed period, Lithuanian insurers paid claims from insurance losses worth EUR 526 million, up by 10.8% y-o-y.
5 December 2024LITHUANIA: In 1H2024, Lietuvos draudimas occupies 29% of the non-life insurance market
In the first half of this year, the country's largest insurance company Lietuvos draudimas expanded its business, occupying 29% of the non-life insurance market in Lithuania and strengthening its market leadership position, the insurer wrote.
26 September 2024STATISTICS: LITHUANIA 1H2024: paid claims grew at a slightly faster pace than GWP
The insurance market of Lithuania totaled EUR 790.6 million at end-June 2024, up by 11% y-o-y, according to the quarterly market figures published on the Central Bank's website. During the analyzed period, Lithuanian insurers paid claims for insurance losses worth EUR 341 million, up by 13.25% y-o-y.
18 September 2024STATISTICS: Lithuanian market expanded to almost EUR 400 million at the end of March 2024
During January-March 2024, the Lithuanian insurance market grew by 11.84% y-o-y to EUR 393.58 million, according to the market figures published by the Bank of Lithuania.
25 June 2024LITHUANIA: Over a half of the country's homeowners have purchased insurance in recent years
Lithuanians’ awareness of the importance of home insurance is increasing after major disasters. The head of Gjensidige's claims department for the Baltic countries, Viktorija Katiliene noticed that after every major incident, the interest in home insurance increases significantly, which indicates a change in the public's attitude from "don't care" to "necessary", draudimas.lt wrote.
25 March 2024STATISTICS: Lithuania insurers' 2023 business expanded to almost EUR 1.5 billion
During last year, the Lithuanian insurance market grew by 17.22% y-o-y (or by EUR 212 million) to EUR 1.45 billion, while the value of payments expanded by 20.70% y-o-y to EUR 632.47 million, according to the market figures published by the Bank of Lithuania – Lietuvos Bankas.
19 March 2024STATISTICS: Lithuanian market exceeded EUR 1 billion at the end of September
The Lithuania insurance market totaled EUR 1.07 billion at end-September 2023, up by 18.6% y-o-y, according to the quarterly figures published on the Central Bank's website. During the analyzed period, Lithuanian insurers paid claims from insurance losses worth EUR 474.7 million, up by 22.2% y-o-y.
29 November 2023LITHUANIA: The Bank of Lithuania to significantly strengthen protection of investment life insurance consumers
The Bank of Lithuania provided specific regulatory proposals that would prevent improper sales of investment life insurance and protect consumers from misleading, the Bank said.
4 October 2023STATISTICS: Lithuania insurance market increased by almost one fifth during the first half year
The insurance market of Lithuania totaled EUR 712.6 million at end-June 2023, up by 19.1% y-o-y, according to the quarterly market figures published on the Central Bank's website. During the analyzed period, Lithuanian insurers paid claims for insurance losses worth EUR 301.2 million, up by 21.7% y-o-y.
13 September 2023STATISTICS: Lithuanian market expanded to EUR 350 million in Q1 2023
During January-March 2023, the Lithuanian insurance market grew by 20.50% y-o-y to EUR 351.92 million, while the value of payments expanded by 24.58% y-o-y to EUR 153.77 million, according to the market figures published by the Bank of Lithuania. It is worth mentioning that the value of payments includes only claims paid for insurance losses.
7 June 2023LITHUANIA: LAA: Lithuania's insurance market is twice that of the other Baltic states
The insurance market of all three Baltic countries grew at a similar pace last year, but the Lithuanian market was twice as large as the Latvian and Estonian markets. The fastest GWP growth in 2022 was in Lithuania - 19%, reaching EUR 1.23 billion, followed by Latvia with 16% (EUR 681 million) and Estonia with 13% (EUR 551 million), according to the Latvian Association of Insurers (LAA).
20 April 2023LITHUANIA: Profit of Lietuvos draudimas last year reached EUR 24.9 million
The Baltic non-life insurance company Lietuvos draudimas ended 2022 with 30% in the country's market portfolio, the company's income grew by 24%, delfi.lt writes citing the insurer's press release.
6 April 2023STATISTICS: Lithuania insurers' 2022 business expanded by EUR 193 million to EUR 1.23 billion
During the year 2022, the Lithuanian insurance market grew by 18.57% y-o-y (or by EUR 193 million) to EUR 1.23 billion, while the value of payments expanded by 24.69% y-o-y to EUR 682.37 million, according to the market figures published by the Bank of Lithuania.
8 March 2023LITHUANIA: Bank of Lithuania: investment life insurance must be clear and meet consumer needs
The results of thethe Mystery Shoppers Survey conducted by the Bank of Lithuania show that investment life insurance is often offered without considering the customers' needs. The Bank of Lithuania is initiating a public consultation on proposals that would reduce the risk of improper sale of investment life insurance.
28 February 2023STATISTICS: Lithuanian insurers posted double-digit increase in 9 months aggregate GWP
The insurance market of Lithuania totaled EUR 905.83 million at end-September 2022, up by 19.14% y-o-y, according to the quarterly market figures published on the Central Bank's website. During the analyzed period, Lithuanian insurers paid claims and indemnities worth EUR 501.22 million, up by 28% y-o-y.
10 November 2022STATISTICS: Lithuania insurers' half-year GWP expanded by almost EUR 100 million
During H1 2022, the Lithuanian insurance market grew by 19.4% y-o-y (or by EUR 97 million) to EUR 598 million, while the value of payments expanded by 36% y-o-y to EUR 328 million, according to the market figures published by the Bank of Lithuania.
8 September 2022
