Latvia
LATVIA: 2018 MTPL results were positive for insurers
Data collected by the Latvian Motor Insurers' Bureau (LTAB) shows that the 9 MTPL insurers from Latvia earned EUR 3.61 million revenues from this business line. It is the first time in the past 10 years when Latvian MTPL insurers profited from this type of business line.
21 February 2019LATVIA: Tax reform slowed down life insurance in 2018
Insurance market premiums in 2018 increased by 11.3% overall compared to 2017. Life insurance as a whole remains the most important insurance group, but its recorded evolution shows near stagnation.
21 February 2019BTA: number of insurance claims up by more than a quarter
19 February 2019In winter, active recreation lovers get less hurt, while their injuries are more severe
19 February 2019STATISTICS: BALTICS, 2008-2017 timeline: evolution of the regional consolidated results is in line with the CEE average
The Baltic countries - Estonia, Latvia and Lithuania -, have recorded between 2008-2017 a trend similar to the other CEE markets. The same main pattern can be distinguished, splitting the evolution of the market in three periods: decline (2008-2010), recovery (2010-2013) and growth (2013-2017).
14 February 2019LTAB: Brexit could have a major effect on vehicle insurance sector
5 February 2019STATISTICS: LATVIA: Local insurers posted EUR 9.33 million in nine-month profit
Latvian insurance companies generated EUR 9.33 million in aggregate 3Q2018 profit, down by 28.5% y-o-y from EUR 13.05 million a year ago, the quarterly figures published by FKTK (Financial and Capital Market Commission) showed.
9 January 2019LATVIA: LTAB: it was a relatively peaceful year for vehicle insurance industry
2 January 2019Latvia leads Baltic GDP growth in third quarter
2 December 2018BMW, Audi and Toyota the most popular brands among the car thieves in Latvia
BMW, Audi and Toyota are the brands most targeted by the car thieves in Latvia, as well as seven to 12 years old automobiles, a representative of BALTA Insurance - member of the PZU Group, stated for the LETA news agency.
22 November 2018SEB to merge its three Baltic life units
SEB - one of the largest life insurers in Baltic region announced is planning to merge its units in the Baltic States, "into one legal entity to further improve our operational efficiency and deliver improved customer services. The merger will not affect our services to the customers".
8 November 2018STATISTICS: LATVIA, 1H2018: aggregate profit of EUR 7.23 million, about EUR 2 million less y-o-y
The Latvian insurance market totaled EUR 386 million at the end of June 2018, with an 18% increase y-o-y. At the same time, insurance companies paid EUR 200 million in claims (12% more y-o-y).
11 October 2018BTA non-life insurer posts 4.187 mln euros in H1 profit
4 September 2018LATVIA: The prices for OCTA insurance policies are likely to increase
5 August 2018Latvia: SEB's three life insurance entities in the Baltics will merge in one company headquartered in Riga
Skandinaviska Enskilda Banken AB (SEB) will merge its Baltic life insurance operations into one company, headquartered in Riga, reports The Baltic Course. Simplification of the operation model and improve services and solutions are the main reasons of the merger.
16 July 2018STATISTICS: LATVIA 1Q2018: Life insurers reported a quarterly net loss of EUR 1.5 million
Latvian insurers generated EUR 2.69 million in first quarter net profit, which is more than double compared with the Q1 2017 net profit of EUR 1.13 million, according to the figures released by the Financial and Capital Market Commission (FKTK).
20 June 2018LATVIA: Loss from mandatory insurance shrinks to EUR 120,000 in Q1
Latvian insurance companies' aggregate loss from mandatory motor third party liability (MTPL) insurance was EUR 120,000 in the first quarter of 2018, down from EUR 4.054 million in the same period last year, writes LETA, according to information released by the Motor Insurers' Bureau of Latvia (LTAB).
17 May 2018LATVIA, 1Q2018: aggregate loss from mandatory MTPL 33 times lower y-o-y
Latvian insurers' aggregate loss from mandatory MTPL insurance was EUR 120,000 in 1Q2018, down from EUR 4.05 million in the same period last year, reports LETA, according to information released by the Motor Insurers' Bureau of Latvia (LTAB).
10 May 2018STATISTICS: LATVIA, FY2017: The share of EU branches GWP increased to almost 35%
According to the year-end market figures published by FKTK (the Financial and Capital Market Commission), the Latvian insurance market totaled EUR 646 million at the end of December 2017, up by 21.4% y-o-y.
29 March 2018Insurance Company Balta Posts EUR 5.926 Mln In Profit In 2017
Insurance company Balta posted EUR 5.926 mln in unaudited profit last year, which is 47.2 % more than in 2016, according to the company's financial report released cites LETA.
8 March 2018
