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Lithuania Insurance Report Q2 2015

Lithuania Insurance Report Q2 2015

BMI View: Lithuania's insurance market is showing the benefits of increasing consumer sophistication asthe economy develops as a whole. However it is constrained by its modest size in premium income termsand low income per capita, making many non compulsory product lines unaffordable. The country'sadoption of the Euro may improve sales in the life sector savings products as bank interest rates on depositsare negligible.

The life insurance segment remains very under-developed by most metrics. However we still look for (low)single digit growth in life premiums through the forecast period. In the non-life segment (which is alsounder-developed) the main challenge is price competition, but should also result in modest premiumgrowth. In spite of consolidation in the market, of which Gjensidige Forsikring ASA's acquisition of PZULietuva from PZU SA is the latest example, underwriters will find it hard to increase rates.


BMI Industry View
SWOT
Political
Economic
Operational Risk
Industry Forecast
Total Premiums Forecast
Table: Total Gross Premiums Written (Lithuania 2012-2019)
Claims
Table: Total Insurance Claims (Lithuania 2008-2013)
Insurers' Assets
Table: Total Insurance Assets (Lithuania 2007-2013)
Life Premiums Forecast
Life Premiums
Table: Gross Life Premiums Written (Lithuania 2012-2019)
Life Claims
Table: Life Insurance Claims (Lithuania 2008-2013)
Life Insurers' Assets
Table: Assets (Lithuania 2007-2013)
Insurance Drivers
Table: Insurance Key Drivers, Disease Adjusted Life Years (Lithuania 2012-2019)
Non-Life Premiums Forecast
Non-Life Premiums
Table: Gross Non-Life Premiums Written (Lithuania 2012-2019)
Table: Non-Life Insurance Claims (Lithuania 2008-2013)
Table: Non-Life Insurance Claims by Line (Lithuania 2008-2013)
Non-Life Insurers' Assets
Table: Assets (Lithuania 2007-2013)
Non-Life Sub-Sector Forecast
Table: Non-Life % Breakdown (Lithuania 2012-2019)
Motor and Transport Insurance
Table: Motor Vehicle Insurance (Lithuania 2012-2019)
Table: Insurance Key Drivers, Autos (Lithuania 2012-2019)
Table: Transport Insurance (Lithuania 2012-2019)
Table: Insurance Key Drivers, Freight Tonnage (Lithuania 2012-2019)
Property Insurance
Table: Property Insurance (Lithuania 2012-2019)
Health Insurance
Table: Health Insurance (Lithuania 2012-2019)
General Liability and Credit Insurance
Table: General Liability Insurance (Lithuania 2012-2019)
Table: Credit/Financial Guarantee Insurance (Lithuania 2012-2019)
Industry Risk Reward Ratings
Central and Eastern European Risk/Reward Index - Q2 2015
Table: Central And Eastern Europe Risk/Reward Index - Q2 2015
Market Overview
Life Market Overview
Table: Life Market Share, USDmn, 2008-2013
Table: Life Market Share (%), 2008-2013
Non-Life Market Overview
Table: Non-Life Market Share, USDmn, 2008-2013
Table: Non-Life Market Share (%), 2008-2013
Company Profile
Gjensidige Baltic
Lietuvos Draudimas
SEB Life & Pensions International
Swedbank Life Insurance
Demographic Forecast
Table: Population Headline Indicators (Lithuania 1990-2025)
Table: Key Population Ratios (Lithuania 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Lithuania 1990-2025)
Table: Population By Age Group (Lithuania 1990-2025)
Table: Population By Age Group % (Lithuania 1990-2025)
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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