Insurance

International Internet Magazine. Baltic States news & analytics Friday, 29.05.2020, 02:47

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Digital insurance platform Cachet first to enter the Latvian market

Digital insurance platform Cachet first to enter the Latvian market

25.02.2020

Starting today, a new Estonian insurance technology (insuretech) start-up Cachet will begin its operations in Latvia. It is the first digital insurance platform to buy motor vehicle insurance for regular customers, as well as sharing economy service providers, representatives of the Cachet told BC.

Keyword tags: Baltic, Estonia, Financial Services, Good for Business, Innovations, Insurance, Internet, Latvia



Insurance premiums in Latvia grow 7.5% in 2019

Insurance premiums in Latvia grow 7.5% in 2019

10.02.2020

During 2019, insurance companies in Latvia grossed EUR 555.135 mln in premiums, up 7.5% against 2018, while the amount paid in indemnities grew 24.5 % y-o-y to EUR 366.027 mln, according to the Latvian Insurers Association’s data writes LETA.

Estonian insurers: Storm damage may amount to couple of million euros

Estonian insurers: Storm damage may amount to couple of million euros

30.10.2019

The Estonian Insurance Association estimates that the sum total of claims following a single major storm in Estonia may amount to a couple of millions euros, whereas the exact size of the damage caused by the storm that ravaged mainly southern Estonia on Sunday is to become clear within a month, when all claims have been received, informed LETA/BNS.


Latvia: Insurance premiums grow 2%, claims up 34% in H1

Latvia: Insurance premiums grow 2%, claims up 34% in H1

26.09.2019

In the first half of this year, Latvian insurers and the Latvian branches of foreign insurance companies raised gross premiums 2% against the respective period in 2018, while gross insurance claims rose 34% y-o-y, according to the data released by the Finance and Capital Market Commission (FCMC) informed LETA.

Latvian insurers generate EUR 5.966 mln profit from mandatory MTPL insurance in H1

Latvian insurers generate EUR 5.966 mln profit from mandatory MTPL insurance in H1

20.08.2019

Last year, Latvian insurance companies generated EUR 5.966 mln in aggregate profit from mandatory motor third party liability (MTPL) insurance, up 71.1% from the respective period last year, LETA was told at the Motor Insurers' Bureau of Latvia (LTAB).


22.03.2019

Situation on Latvian roads this year is the worst one in past five or ten years

The situation on Latvia roads is the worst one in the past five or ten years, said non-risk insurer Balta, citing the company’s data on damages to cars due to poor quality roads, reported LETA/BNS.

13.03.2019

Latvia's BAN non-life insurer reports EUR 252,700 in 2018 profit

Latvian non-life insurer Baltijas Apdrosinasanas Nams (BAN) made EUR 252,731 in profit last year in contrast to loss in the previous year, according to information released by the company informed LETA/BNS.

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