Latvia Insurance Q2 2020
A healthy economic background, including solid increases to consumption and fixed investment, will support ongoinggrowth in Latvia's insurance industry. The non-life sector currently accounts for the majority of premiums written, led by the keymotor and property segments while in the life insurance market unit-linked products are proving most popular. While the overallgrowth potential of the market is limited by Latvia's small population size, the currently low rates of coverage, particularly in the lifeinsurance segment, intimate that this is a market which is far from saturation and will continue to expand over the short-to-mediumterm.
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