News

• 2013-05-28

  Spurt in Life Insurance Raised the Entire Life Insurance Market

  

  After shrinking in the first quarters of 2012, Lithuania’s life insurance sector gained momentum and recorded an annual increase of 2.5 per cent towards the end of the year.  Last year the entire insurance market grew by 5.2 per cent.
• 2012-04-20

  Insurance market grew in 2011 driven by non-life insurance

  

  Last year was a successful one to the insurance market as its growth rate almost doubled compared with the national economy.  In 2011, the amount of written premiums reached as high as LTL 1.7 billion, a year-on-year rise of 9.5%. And the number of insurance contracts surged in 2011 by 3.3% to LTL 4.9 million. The premium amount paid out last year by domestic insurers saw an increase of 15.5% compared with the year before last year.

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