May 26, 2014 12:03 UTC

Research and Markets: Non-Life Insurance in Lithuania, Key Trends and Opportunities to 2017

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/ntlrch/nonlife) has announced the addition of the "Non-Life Insurance in Lithuania, Key Trends and Opportunities to 2017" report to their offering.

In terms of gross written premium, the non-life segment was the largest in the Lithuanian insurance industry during the review period (2008-2012) and accounted for 61.4% of the total insurance industry's written premium in 2012. Growth in the non-life segment was primarily supported by the compulsory nature of motor third-party liability insurance, and a rise in property insurance mainly due to frequent natural catastrophes in the country. Motor insurance was the leading category in the segment, accounting for 65.1% of the written premium in 2012, followed by property insurance with a 27.4% share, general third-party insurance with 6.5%, and marine, aviation and transit insurance with 1.0%.

Key Highlights

  • In terms of gross written premium, the non-life segment was the largest in the Lithuanian insurance industry during the review period (2008-2012) and accounted for 61.4% of the total insurance industry's written premium in 2012.
  • Motor insurance was the leading category in the non-life insurance segment in 2012, accounting for 65.1% of the written premium.
  • Property insurance was the second-largest category in the non-life segment in 2012, accounting for 27.4% of the written premium.
  • Non-life insurance penetration fell from 1.21% in 2008 to 0.97% in 2012.
  • The segment is highly consolidated, with the 10 leading insurers representing 97.0% of the total non-life insurance segment in 2012.

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Regional Market Dynamics

4 Non-Life Insurance - Regional Benchmarking

5 Lithuanian Insurance Industry Attractiveness

6 Non-Life Insurance Outlook

7 Analysis by Distribution Channels

8 Porter's Five Forces Analysis - Lithuanian Non-Life Insurance

9 Reinsurance Growth Dynamics and Challenges

10 Governance, Risk and Compliance

11 Competitive Landscape and Strategic Insights

12 Business Environment and Country Risk

13 Appendix

Companies Mentioned

  • AAS Gjensidige Baltic Lietuvos filialas
  • BTA Akcines Draudimo bendroves
  • Compensa TU SA Vienna Insurance Group
  • Ergo Lietuva
  • If P&C Insurance AS
  • Lamantinas
  • Lietuvos Draudimas
  • PZU Lietuva
  • Seesam Insurance AS
  • Vereinigte Hagelversicherung VVaG

For more information visit http://www.researchandmarkets.com/research/ntlrch/nonlife

Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Insurance


Source: Research and Markets