Insurance

International Internet Magazine. Baltic States news & analytics Sunday, 05.07.2015, 05:42

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New Insurance Distribution Directive: bring real benefits to consumers and retail investors in EU

New Insurance Distribution Directive: bring real benefits to consumers and retail investors in EU

02.07.2015

The European Commission has renewed integration efforts in the most complicated financial sphere – insurance service. The new Insurance Distribution Directive (IDD), intends to improve the way insurance products are sold and bring real benefits to consumers and retail investors. The IDD’s text has been approved by the EU’s “legislative trio”: the Parliament, the Council and the Commission.

Keyword tags: EU – Baltic States, Financial Services, Insurance, Legislation, Markets and Companies



The greatest concerns by Baltic residents relate to health care and national security

The greatest concerns by Baltic residents relate to health care and national security

11.06.2015

Among residents of the Baltic States, the ERGO Security Index has shown a slight improvement in the mood of people in Latvia and Lithuania in comparison to last year, while it has declined by two points in Estonia. The overall index in Latvia in 2015 is -12 (-13 last year), in Lithuania it is -4 (-5), while in Estonia it has dropped from +8 in 2014 to +6 this year, reports BC ERGO communication manager Inese Kronberga.

Bank of Lithuania identified the 'grey' zones, which don’t ensure proper protection of consumer interests

Bank of Lithuania identified the 'grey' zones, which don’t ensure proper protection of consumer interests

01.06.2015

Having recently investigated the unit-linked life assurance market in several directions, the Bank of Lithuania puts forward for a public discussion proposals on how to deal with fundamental problems within this fast developing market, reports LETA/ELTA.


1 in 3 Lithuanians received pensions in 2014

1 in 3 Lithuanians received pensions in 2014

29.05.2015

In 2014, the number of recipients of old-age pensions paid by the State Social Insurance Fund (Sodra) decreased by a thousand to 599,600. By the end of 2014, as much as 923,200 people received at least one type of pension, i.e. one in three Lithuanians, writes LETA/ELTA.

Sweden's Skandia to open Thule customer service centre in Lithuania

Sweden's Skandia to open Thule customer service centre in Lithuania

28.05.2015

On Thursday morning, Lithuanian Prime Minister Algirdas Butkevicius met with Bengt-Ake Fagerman, CEO of Skandia, one of the largest Sweden's banking and insurance groups. CEO Fagerman presented to the PM Thule Customer Service Centre, to be opened up in Lithuania. Butkevicius in his turn emphasized the benefit of Sweden's investment to Lithuania, as well as discussed future prospects, reported BC the press service of the Government.

26.05.2015

Balta earns EUR 96,000 in Q1 in Latvia

The insurance company Balta earned EUR 96,000 in the first quarter this year, reports LETA, according to the company's announcement.

26.05.2015

Ergo earns EUR 2.29 mln in Baltic States in Q1

The total earnings of the insurance company Ergo in the Baltic States reached EUR 2.29 million in the first quarter of the year 2015, which is 15.3% more than in the respective period last year, reports LETA.

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