Latvian insurers ended Q1 2026 with gross written premiums (GWP) worth EUR 403.84 million, 9.4% up y-o-y. Life insurance accounted for about 19.5% of this total, while motor insurance is the business segment with the largest participation to the market portfolio (~39% - MoD, MTPL and mandatory MTPL all together)
Paid claims reached EUR 220 million, up by 14% y-o-y. Paid claims for motor insurance, however, increased by over 11% overall and accounted for 44.5% of the total non-life claims expenses.
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