Insurance

International Internet Magazine. Baltic States news & analytics Tuesday, 28.03.2017, 20:48

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Baltikums Vienna Insurance Group renamed to InterRisk Vienna Insurance Group

Baltikums Vienna Insurance Group renamed to InterRisk Vienna Insurance Group

22.03.2017

Non-life insurer Baltikums Vienna Insurance Group has been renamed to InterRisk Vienna Insurance Group, information from Firmas.lv suggests LETA.

Keyword tags: Financial Services, Insurance, Latvia, Markets and Companies



Insurers' Association expects consolidation to continue on Baltic insurance market

Insurers' Association expects consolidation to continue on Baltic insurance market

16.12.2016

Consolidation is likely to continue on the Baltic insurance market in the coming years, and in five years there could be five to six large market players in the Baltics, down from the current seven to eight major insurance companies, Latvian Insurers' Association told LETA.

Balta insurer pays record-high EUR 4.85 mln indemnity for damage caused by fire at Lignums plant

Balta insurer pays record-high EUR 4.85 mln indemnity for damage caused by fire at Lignums plant

07.12.2016

Balta non-life insurer has paid a EUR 4.85 mln indemnity to Latvijas Finieris wood processing company for the damage brought by a fire that destroyed the company's Lignum plant in 2014, reports LETA.


Knowledgeprice.com and Ninety’s IT solution for Zurich Insurance receives the prestigious British Insurance Times Tech & Innovation Award

Knowledgeprice.com and Ninety’s IT solution for Zurich Insurance receives the prestigious British Insurance Times Tech & Innovation Award

07.10.2016

Information technology (IT) company Knowledgeprice.com, known for outsourcing services to foreign financial and insurance companies, in partnership with Ninety, the agile digital transformation specialist in the UK, has developed a solution for Switzerland’s largest insurer Zurich Insurance that has given it the treasured first-place win in the “Best Use of Technology to Improve Customer Experience” category at one of the most prominent insurance sector award ceremonies held in Britain.

Vienna Insurance Group cleared to buy BTA

Vienna Insurance Group cleared to buy BTA

19.08.2016

Austria's Vienna Insurance Group (VIG), one of the biggest European insurers, has been cleared to buy Latvia's BTA Baltic Insurance Company (BTA), however, will have to sell international carrier insurance in exchange, reports LETA/BNS.


08.08.2016

Lithuania's H1 insurance market grows 5.7% to EUR 330 mln y/y

Lithuania's insurance market, including branches of foreign companies, totaled 330.205 mln euros in the first half of this year in terms of insurance premiums, up by 5.7% year-on-year, reports LETA/BNS.

15.07.2016

Gjensidige posts EUR 4.5 mln loss in Baltics for H1

The Norwegian insurance group Gjensidige that acquired the Lithuanian insurer PZU Lietuva at the beginning of the year made a loss of 41.4 mln Norwegian kroner or approximately 4.5 mln euros in the Baltic countries in the first half of 2016, writes LETA/BNS.

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