STATISTICS: LITHUANIA, 1H2020: Life segment has offset the decline in non-life insurance

27 August 2020 — Andrei Victor
Lithuanian insurers reported GWP of EUR 470.48 million in 1H 2020, 0.29% more y-o-y, according to the half-year figures published on the Central Bank's website.

The life insurance segment expanded by 10.49% y-o-y to EUR 140.81 million due the 15.30% increase posted by the index-linked and unit-linked products.

On the other hand, in case of non-life segment, Lithuanian insurers reported a 3.52% y-o-y decrease in GWP, especially due the declines reported by the two motor lines.

SWEDBANK Life Insurance (23.76% market share), AVIVA Lietuva (18.82%) and COMPENSA Life (18.62%) were the top 3 life insurers in the country as GWP.

Of 14 non-life insurers active in the country, the largest three as GWP were LIETUVOS draudimas (EUR 95.45 million), BTA Insurance Company (EUR 53.56 million) and ERGO (EUR 46.34 million).

Access and download the latest Lithuanian insurance market statistics.

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