International Internet Magazine. Baltic States news & analytics
Thursday, 24.04.2014, 19:11
The net asset value of Estonian Unemployment Insurance Fund (EUIF) grew fast in 2013 and reached 529.1 million euros in 2012, the economic year report approved buy the fund's council on Wednesday indicates, LETA/Public Broadcasting reports.
Keyword tags: Employment, Estonia, Financial Services, Funds, Insurance, Legislation
PZU SA has today reached an agreement, subject to regulatory and antitrust approvals, to purchase Lietuvos Draudimas AB in Lithuania, AAS Balta in Latvia, the business of the Estonian branch of Codan Forsikring A/S and Link4 Towarzystwo Ubezpieczen S.A. in Poland. The total aggregate consideration amounts to approx. EUR360m. The acquisitions are a key step in fulfilling PZU’s strategy of international expansion, informed BC PZU’s press service.
According to the preliminary data, income of the State Social Insurance Fund Board (SoDra) in Lithuania in January and February 2014 was the highest one since the global economic crisis in 2008, reports LETA/ELTA.
A study by non-life insurance company BTA revealed that each year thefts account for 2% of all CASCO (full-coverage car insurance) insured events in Lithuania. According to the data of the Police Department, 3,166 thefts were registered in Lithuania in 2013, or by 7% less year-on-year, informs LETA/ELTA.
New sales volume of insurance company Aviva Lietuva grew by 65%, while in premiums it became the second insurance service provider in Lithuania, reports LETA/ELTA.
The total amount of premiums signed by insurance companies in Latvia increased 7% last year, according to Latvian Insurers Association's data, informs LETA.
Lithuania's National Audit Office noted that the residents not always were provided with the enough amount of the information about the investment risk, even if the insurers argued the opposite, informs LETA/ELTA.