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Lithuania's H1 insurance market grows 5.7% to EUR 330 mln y/y
BC, Vilnius, 08.08.2016.
Print version
Print version Lithuania's insurance market, including branches of foreign companies, totaled 330.205 mln euros in the first half of this year in terms of insurance premiums, up by 5.7% year-on-year, reports LETA/BNS.
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According to data provided by the central Bank of Lithuania, the country's non-life insurance market grew 11.8% to 230.084 mln euros in the January-June period of this year, as compared with the same period last year, while life insurance market lost 6.1 % to 100.121 mln euros.
Non-life insurance signed 69.7% of all signed premiums, while life insurance accounted for 30.3%.
Motor third party liability insurance, comprehensive auto insurance (CASCO) and property insurance between them accounted for 78.5% of the overall non-life insurance market.
Investment life insurance accounted for 56.8% of the total life insurance premiums written.
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