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

26 November 2020 — Andrei Victor
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).

Access XPRIMM Database and download the latest Lithuanian insurance market statistics.

Share |