International Internet Magazine. Baltic States news & analytics
Wednesday, 04.05.2016, 14:41
In the first quarter of 2016, Latvian insurance companies incurred a loss of EUR 1.97 million from motor third party liability (MTPL) insurance, informs LETA, according to the Motor Insurers' Bureau of Latvia.
Keyword tags: Financial Services, Insurance, Latvia, Legislation, Transport
Estonia's Minister of Health and Labor Jevgeni Ossinovski has put before the government a plan to restore the right of members of the management boards of companies to get the unemployment insurance benefit if they lose their job and income, provided that they get no remuneration for serving in the position of board member, informs LETA/BNS.
BTA Baltic Insurance Company that took over the Baltic business portfolio after restructuring of its parent company BTA Insurance Company SE, and started operations on July 1, 2015, posted EUR 4.2 million in audited gross profit and EUR 3.67 million in net profit, informs LETA.
The Estonian Insurance Association believes that a database should be set up of private vehicles that are used to provide the ridesharing service and that possibly insurance payments for such vehicles should be increased, Postimees said, cites LETA/BNS.
Lithuanian insurance companies posted 13.4 million euros in combined losses for 2015, versus 24 million euros in profits for 2014, the Bank of Lithuania informed LETA/BNS.
Registered unemployment in Estonia remained in March 2016 at the previous month's level, with 32,638 people or 5.1% of the working-age population registered as out of work at the end of the month, informs LETA/BNS.
Gjensidige non-life insurer is merging its companies in the Baltic States and plans to finish the process by this fall, informs LETA.