Location map
author: OCHA/ ReliefWeb

- Eastern Europe, bordering the Baltic Sea;
- Neighbours: Latvia, Poland, Belarus, Russia.

Climate: - transitional, between maritime and continental;
- wet, moderate winters and summers.

Macro indicators
* 2018 estimates
Pop. density*:42.7people/km2
GDP*:45.1EUR billion

European Union:
EU member, since 2004

Currency: Euro
Code: EUR
Since: 2015
- replaced Lithuanian litas (LTL)

Insurance market portfolio
* 2018 estimates
Overall Property*:12%
Overall Motor*:45%

Starting January 1st, 2012, the Bank of Lithuania took over the functions of the liquidated DPK



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Lithuania 1Q2021 Market Portfolio

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Lithuania 1Q2020 Insurance Companies Ranking

See all statistics

Latest news

Lithuanian insurers posted EUR 50 million in profit last year

"The insurance sector successfully withstood the challenges caused by the pandemic and operated profitably last year", as the Lithuanian Central Bank reported in a statement published on its website. Thus, the net profit earned by Lithuanian insurers amounted to EUR 50 million, whereas that of insurance brokers totaled almost EUR 7 million.

Lithuania: market regulator expects a moderate GWP growth in 2021

The Bank of Lithuania expects a moderate growth of the insurance market this year, by 3% to 5%, up to a total EUR 997 million in GWP. While the non-life business is expected to recover from the 2020 fall, life insurance will grow at a slower pace than last year.

LITHUANIA: Central Bank conducted industry checks using secret shopping

This year, the Bank of Lithuania — the single supervisory authority for the whole financial sector in Lithuania, including the insurance market — conducted a mystery shopping exercise to evaluate the practices of certain companies and persons offering training and consultation on savings and investment.