Financial Services, Insurance, Latvia
International Internet Magazine. Baltic States news & analytics
Wednesday, 24.06.2026, 03:42
Insurance companies' premiums in Latvia increased by 6.7% in Q1
BC, Riga, 10.06.2013.
Print version
Print versionThe total amount of gross premiums signed by insurance companies in the first quarter of the year 2013 was LVL 88 million or 6.7% more than in the first quarter of 2012; the amount includes gross premiums worth LVL 23 million signed by insurance companies' branches abroad, according to the Financial and Capital Market Commission's report on insurers' performance in the first quarter this year, writes LETA/Nozare.lv.
 |
|---|
The amount of gross claims increased 26% to LVL 52 million, including LVL 12.6 million paid by insurance companies' branches abroad.
The largest increase in gross premiums was registered in health insurance – LVL 3 million, followed by life insurance – LVL 1.4 million, general liability insurance – LVL 1.2 million, whereas ship insurance recorded an LVL 0.5 million decrease.
Insurance companies' total losses in the first quarter this year amounted to LVL 132,000: life insurance companies earned a total of almost LVL 151,000, whereas non-life insurance companies posted LVL 283,000 in losses.
«The Baltic Course» Is Sold and Stays in Business!
