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Latvia Insurance Report Q4 2017

BMI View:

The Latvian insurance market is a small and relatively underdeveloped market by EUstandards, which is currently seen by foreign insurers as an attractive 'add-on' to their existing operationsacross the CEE region. We anticipate that the market, in overall terms, will remain underdevelopedthroughout our forecast period. This is evident in the life insurance in particular. Non-life insurance, on theother hand, is expected to grow rapidly and steadily, while reaping the benefits of Latvia's improving widereconomic condition.

Strengths

Resilience of the insurance sector in the face of tough economic conditions.

Market is dominated by large multinationals.

Non-life insurance has developed beyond basic motor and property lines.

The regulatory environment has strengthened over recent years due to the influenceof foreign providers.


BMI Industry View
Table: Headline Insurance Forecasts (Latvia 2014-2021)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Latvia 2014-2021)
Table: Life Claims (Latvia 2010-2016)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Latvia 2014-2021)
Table: Non-Life Claims (Latvia 2010-2016)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Latvia 2014-2021)
Industry Risk Reward Index
Emerging Europe Insurance Risk/Reward Index
Table: Emerging Europe Insurance Risk/Reward Index, Q4 2017
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Non-Life Market Overview
Product Offering
Competitive Landscape
Company Profile
AAS Balta
Baltikums
Gjensidige Baltic
If P&C
Swedbank
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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