Latvia Insurance Q4 2019
Overall, the outlook for the insurance industry in Latvia is positive, with solid growth expected in both the non-life andsmaller life insurance sectors. Although one of the smallest economies in the region, Latvia remains a eurozone outperformer andstrong GDP growth will help to drive up employment and income rates, creating a positive growth environment for the few domesticand multinational providers operating in the market. Ongoing digitalisation will also help providers to improve consumer awarenessof the benefits of insurance cover and reach more first-time users, particularly in the less developed non-life lines.
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