Latvian insurers ended Q1 2025 with gross written premiums (GWP) worth EUR 369,18 million, 12.16% up y-o-y. Life insurance accounted for almost 19% of this total, while motor insurance is the business segment with the largest participation to the market portfolio (~39% - MoD, MTPL and mandatory MTPL all together)

Paid claims reached EUR 192.93 million, up by 5.3% y-o-y. Paid claims for motor insurance, however, increased by almost 6% overall.

Access xprimm.com database and download the Latvian insurance market statistics.