Lithuania Insurance Q2 2018
The outlook for the Lithuanian insurance industry is mixed. On the one hand, a small population of less than 2.9mnindicates a limited potential consumer market, one which is further hampered by a high unemployment rate that restrictshousehold spending capacity. On the other hand, robust economic growth in the country is boosting demand for a range of coversin the non-life sector, particularly health and personal accident insurance, while improvements to income rates are increasingcapacity for savings and investment products in the life sector.
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