Insurance

International Internet Magazine. Baltic States news & analytics Thursday, 06.08.2020, 19:51

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Insurance premiums in Latvia increase 8.1% in Q1

Insurance premiums in Latvia increase 8.1% in Q1

07.07.2020

In the first quarter of this year, Latvian insurers and the Latvian branches of foreign insurance companies raised gross premiums 8.1% against the respective period in 2019, while gross insurance claims rose 16.3% y-o-y, according to the data released by the Finance and Capital Market Commission (FCMC).

Keyword tags: Financial Services, Good for Business, Insurance, Latvia



Seesam, Compensa complete merger

Seesam, Compensa complete merger

01.07.2020

The insurers Seesam and Compensa belonging to Vienna Insurance Group (VIG) have merged with the permission of the relevant authorities and, from July 1, will operate under the name Compensa Vienna Insurance Group, cites LETA/BNS.

Estonia: Insurance businesses of Seesam, Compensa to merge

Estonia: Insurance businesses of Seesam, Compensa to merge

09.06.2020

The insurers Seesam and Compensa belonging to Vienna Insurance Group (VIG) are merging, and as part of the merger all the assets, rights and liabilities belonging to Seesam will transfer to Compensa, informed LETA/BNS.


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.

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.


30.10.2019

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

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.

26.09.2019

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

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.

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