The insurance market of Lithuania totaled EUR 760 million at end-September 2021, about EUR 50 million more (or by 7% y-o-y) vs. Q3 2020, according to the quarterly market figures published on the Central Bank's website.

The life insurance segment expanded by 8% y-o-y to EUR 228 million due the 12.6% increase generated by the index-linked and unit-linked products. At the same time, Lithuanian non-life insurers posted a 6.8% y-o-y increase in Q3 GWP, except the MTPL LoB (-3.7% y-o-y), all other main non-life subclasses reporting positive rates.

SWEDBANK Life Insurance (22.9% market share), COMPENSA Life (20.4%) and AVIVA Lietuva (18.8%) were the top 3 life insurers in the country as GWP. The largest three non-life insurers as GWP were LIETUVOS draudimas (EUR 154 million), BTA Insurance Company (EUR 85.5 million) and ERGO (EUR 73.5 million).


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