Lithuania
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Lithuania 1Q2022 Market Portfolio
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LITHUANIA: Insurance brokers will have to prove their qualification
The Board of the Bank of Lithuania ruled that insurance brokers must pass an examination to prove their qualification.
28 February 2012LITHUANIA: Insurance market contracts in January 2012
The amount of insurance premiums written in the domestic insurance market over the first month of this year made up 145.7 million litas in January 2012, which was 3.5% less than in a corresponding month 2011, the Bank of Lithuania said in a report.
28 February 2012LITHUANIA, FY2011: Insurance market grew driven by non-life
Last year was a successful one to the insurance market as its growth rate almost doubled compared with the national economy. In 2011, the amount of written premiums reached as high as LTL 1.7 billion, a year-on-year rise of 9.5%. The number of insurance contracts surged in 2011 by 3.3% to LTL 4.9 million. The premium amount paid out last year by domestic insurers saw an increase of 15.5% compared with the year before last year.
24 February 2012LITHUANIA: Bank of Lithuania takes over the insurance supervision task
As from 1 January 2012, the Insurance Supervisory Commission (ISC) of
Lithuania was liquidate, its functions being transferred to a new
operational unit of the Bank of Lithuania (LB), the Supervision Service.
The new LB structure will supervise commercial banks and other credit
and payment institutions, securities and insurance markets, and will
investigate disputes of consumers and financial institutions.
3 February 2012LITHUANIA: Insurance market grows to EUR 365 million in 3Q2011
According to the Insurance Supervisory Commission of the Republic of Lithuania, in the first nine months of this year, the local insurance market, grew by 11.2% to LTL 1.26 billion (EUR 365 million).
29 November 2011LITHUANIA: UK Royal & Sun Alliance Insurance takes over Lietuvos Draudimas
Royal & Sun Alliance Insurance belongs to the same international insurance company RSA as the previous shareholder Codan A/S, reports LETA/ELTA.
10 November 2011LITHUANIA: Lithuanian customers are the happiest with their insurance this year, followed by Latvian and Estonian consumers
According to the study done by the independent research company EPSI Baltic in 2011, the satisfaction of Estonian (-4.7 points) and Lithuanian (-5.6 points) respondents with their insurance companies decreased this year.
10 November 2011Lithuanian insurance market - down by 20%
In the first semester of 2009, insurance companies that activate in Lithuania
underwrote a volume of EUR 242 million, down by 20.1%, compared to the same
period from 2008, as the National Insurance Supervisory Commission reported.
6 August 2009Lithuanian insurers profits drop 35%
In 2008, Lithuanian insurers accounted a EUR 24.76 million net profit,
in decrease by 35% compared to 2007, according to preliminary results
of Lithuanian Insurance Supervisory Commission (ISC).
Last year, out of seventeen companies, five insurers have ended the year with loss.
Last year, out of seventeen companies, five insurers have ended the year with loss.
14 April 2009
