STATISTICS: LITHUANIA, 3Q2020: Life insurers maintained the market in positive area

26 November 2020 —
STATISTICS: LITHUANIA, 3Q2020: Life insurers maintained the market in positive area
Lithuanian insurers reported GWP of EUR 710 million at end-September 2020, 0.6% more y-o-y, according to the quarterly market figures published on the Central Bank's website.

The life insurance segment expanded by 8.6% y-o-y to EUR 211 million due the 12.7% increase posted by the index-linked and unit-linked products. SWEDBANK Life Insurance (23.7% market share), AVIVA Lietuva (18.9%) and COMPENSA Life (18.7%) were the top 3 life insurers in the country as GWP.

On the other hand, Lithuanian non-life insurers reported a 2.5% y-o-y decrease in GWP, especially due the declines reported by the two motor lines. The largest three non-life insurers as GWP were LIETUVOS draudimas (EUR 145 million), BTA Insurance Company (EUR 79 million) and ERGO (EUR 70.5 million).


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