Latvia Insurance Q3 2019
Latvia's insurance market is expected to achieve healthy growth in 2019, supported by the country's strong economicoutlook as well as efforts by insurers to broaden their product offering and reach more first time consumers. The dominance of themotor insurance segment means this line remains responsible for much of the growth in the industry however smaller lines such aspersonal accident insurance and credit/financial guarantee insurance are also gradually gaining traction. Latvia's small population,of less than 2mn, does somewhat limit the scale of growth on offer, however, the market has not yet reached the boundaries ofpotential growth.
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