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STATISTICS: LATVIA: Local insurers posted EUR 9.33 million in nine-month profit
Latvian insurance companies generated EUR 9.33 million in aggregate 3Q2018 profit, down by 28.5% y-o-y from EUR 13.05 million a year ago, the quarterly figures published by FKTK (Financial and Capital Market Commission) showed.
9 January 2019LATVIA: LTAB: it was a relatively peaceful year for vehicle insurance industry
2 January 2019Latvia leads Baltic GDP growth in third quarter
2 December 2018BMW, Audi and Toyota the most popular brands among the car thieves in Latvia
BMW, Audi and Toyota are the brands most targeted by the car thieves in Latvia, as well as seven to 12 years old automobiles, a representative of BALTA Insurance - member of the PZU Group, stated for the LETA news agency.
22 November 2018SEB to merge its three Baltic life units
SEB - one of the largest life insurers in Baltic region announced is planning to merge its units in the Baltic States, "into one legal entity to further improve our operational efficiency and deliver improved customer services. The merger will not affect our services to the customers".
8 November 2018STATISTICS: LATVIA, 1H2018: aggregate profit of EUR 7.23 million, about EUR 2 million less y-o-y
The Latvian insurance market totaled EUR 386 million at the end of June 2018, with an 18% increase y-o-y. At the same time, insurance companies paid EUR 200 million in claims (12% more y-o-y).
11 October 2018BTA non-life insurer posts 4.187 mln euros in H1 profit
4 September 2018LATVIA: The prices for OCTA insurance policies are likely to increase
5 August 2018Latvia: SEB's three life insurance entities in the Baltics will merge in one company headquartered in Riga
Skandinaviska Enskilda Banken AB (SEB) will merge its Baltic life insurance operations into one company, headquartered in Riga, reports The Baltic Course. Simplification of the operation model and improve services and solutions are the main reasons of the merger.
16 July 2018STATISTICS: LATVIA 1Q2018: Life insurers reported a quarterly net loss of EUR 1.5 million
Latvian insurers generated EUR 2.69 million in first quarter net profit, which is more than double compared with the Q1 2017 net profit of EUR 1.13 million, according to the figures released by the Financial and Capital Market Commission (FKTK).
20 June 2018LATVIA: Loss from mandatory insurance shrinks to EUR 120,000 in Q1
Latvian insurance companies' aggregate loss from mandatory motor third party liability (MTPL) insurance was EUR 120,000 in the first quarter of 2018, down from EUR 4.054 million in the same period last year, writes LETA, according to information released by the Motor Insurers' Bureau of Latvia (LTAB).
17 May 2018LATVIA, 1Q2018: aggregate loss from mandatory MTPL 33 times lower y-o-y
Latvian insurers' aggregate loss from mandatory MTPL insurance was EUR 120,000 in 1Q2018, down from EUR 4.05 million in the same period last year, reports LETA, according to information released by the Motor Insurers' Bureau of Latvia (LTAB).
10 May 2018STATISTICS: LATVIA, FY2017: The share of EU branches GWP increased to almost 35%
According to the year-end market figures published by FKTK (the Financial and Capital Market Commission), the Latvian insurance market totaled EUR 646 million at the end of December 2017, up by 21.4% y-o-y.
29 March 2018Insurance Company Balta Posts EUR 5.926 Mln In Profit In 2017
Insurance company Balta posted EUR 5.926 mln in unaudited profit last year, which is 47.2 % more than in 2016, according to the company's financial report released cites LETA.
8 March 2018Mandatum Life Insurance Co Ltd Sells 8,651 Shares of iShares MSCI iShares MSCI Russia ETF
26 February 2018LATVIA: MTPL insurance brought EUR 12.4 mln loss to Latvian insurance companies in 2017
Latvian insurance companies incurred a loss of EUR 12.4 million from mandatory motor third party liability (MTPL) insurance in 2017, which is roughly 5% more than in 2016, writes LETA, according to the Motor Insurers' Bureau of Latvia (LTAB).
7 February 2018LATVIA: The MTPL insurance line will most probably remain unprofitable also in 2018, despite increasing tariffs
The mandatory MTPL insurance line will probably remain unprofitable in Latvia also in 2018 despite the tariffs going up by a significant amount, Latvian Insurers Association's President Janis ABASINS believes, quoted by LETA.
25 January 2018STATISTICS: Latvian insurers' profits decreased by 88% during 3Q2017
The Latvian insurance market totaled EUR 482.63 million at the end of September 2017, or 15.21% more y-o-y, according to data released by the Financial and Capital Market Commission (FKTK). At the same time, the insurance companies paid EUR 262.12 million in claims (1.77% more y-o-y).
18 January 2018LATVIA U-turns on «farmer-maddening» vehicle insurance amendments
The ruling coalition of the Latvian Saeima will reject government-backed amendments which would oblige owners to buy compulsory motor vehicle civil liability insurance for vehicles used off public roads.
12 October 2017LATVIAN farmers oppose the need to buy insurance for vehicle, if it's not used on road
Latvian farmers are opposed to the requirement backed by the Latvian government for owners to buy compulsory motor vehicle civil liability insurance (CMVCLI) also for vehicles that are not used in road traffic, says the board chairman of the Latvian Agricultural Organization Cooperation Council, Edgars Treibergs.
5 October 2017
