International Internet Magazine. Baltic States news & analytics
Monday, 08.02.2016, 16:21
The companies of BTA insurance group – parent BTA Insurance Company (BTA) and its subsidiary BTA Baltic Insurance Company – closed 2015 with a profit of EUR 8 million, informs LETA.
Keyword tags: Baltic, Financial Services, Insurance
The Lithuanian government agreed on February 3rd to lend another 420 million euros to the debt-ridden social insurance fund Sodra to help balance its cash flows, informs LETA/BNS.
Motorists' mandatory civil liability insurance industry (OCTA) operated with a loss of EUR 11.7 million in 2015 in Latvia, informs LETA, according to the Motor Insurers' Bureau of Latvia.
The director of Lithuania's State Social Insurance Fund, or Sodra, says that the fund's deficit has been shrinking and if macroeconomic forecasts prove correct, the budget may return to positive territory in 2017 after running in the red for a decade, reports LETA/BNS.
Lithuania’s State Social Insurance Fund (Sodra) recorded a budget deficit of 162.7 million euros in 2015, which was 20.2 million euros, or 11%, below the target, data from the Social Security and Labor Ministry showed on January 20th, informs LETA/BNS.
In 2016, the Latvian insurance market might keep growing at the same pace as last year and expand by 7%, experts at Ergo insurance company believe, informs LETA.
Non-life insurance premiums collected by Estonian insurance companies in November 2015 totaled 22.6 million euros, 5.4% more than in the same month last year, figures available from Statistics Estonia show, cites LETA/BNS.