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Sunday, 01.03.2015, 10:26
In 2014, BTA Insurance Company (BTA) collected EUR 178.5 million in gross premiums, which is EUR 18.5 million or 11.6% more than in 2013, according to BTA's unaudited financial statement, cites LETA.
Keyword tags: Financial Services, Insurance, Latvia
Saeima's Parliamentary Inquiry Committee in Latvia intends to motion for the Financial and Capital Market Commission to consider suspending license for the joint-stock insurance company Baltijas apdrosinasanas nams (BAN), the committee decided today, cites LETA.
Driven by a recovery in the economy and an almost 7% increase over 2014, the insurance market this year is likely to maintain a similar growth rate, forecasts the Bank of Lithuania, cites LETA/ELTA.
The Estonia-registered insurance company If P&C Insurance and its subsidiaries in Latvia and Lithuania earned EUR 17 million in 2014, which is 28.8% more than in 2013, when the company earned EUR 13.2 million, If Apdrosinasana spokeswoman Daiga Bluke informed LETA.
Latvia's insurance market, not including premiums signed abroad, increased 11% in 2014, whereas the amount paid in insurance claims increased 3%, reports LETA, referring to the Latvian Insurers Association's preliminary data.
Gjensidige Forsikring ASA has on 2 February 2015 agreed to acquire 99.88% of the shares in PZU Lietuva from PZU SA for EUR 54 million. The acquisition is in line with Gjensidige’s strategy to grow in the Nordic region and the Baltics.
Estonian Health Insurance Fund (EHIF) council approved the fund's 2015 budget with the total volume of 952.7 million euros; the increase compared to last year's budget is 5.1%, the fund announced, cites LETA.