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Lithuania Insurance Report Q2 2016

Lithuania Insurance Report Q2 2016

BMI View: Lithuania is one of the smaller European insurance markets we monitor, however the sector hasbeen the centre of considerable activity over recent quarters, as multinational firms, including those fromneighbouring Scandinavian and Eastern European countries, have taken advantage of opportunities toinvest. A relatively bullish outlook for Lithuania's economy should lead to further interest from potentialnew entrants, as household incomes rise and consumer and corporate spending increase. While the marketis increasingly consolidated, there remain a number of smaller indigenous providers who may present awindow for multinationals to gain a foothold in the market. Those already present will be looking to growtheir market share through new acquisitions, allowing them to leverage their already well-developeddistribution networks.

Key Updates And Forecasts

We maintain a bullish outlook with regard to insurance premiums growth in Lithuania over the next fewyears, with both the life and non-life sectors well-placed to benefit from steady growth in GDP andhousehold and corporate spending. However, density will remain low by European standards in bothmarkets, with gross life premiums measuring around USD97 per capita in 2020 and non-life premiumstotalling USD189 per capita.

The non-life market will be better performer of the two sectors, with premiums set to grow by 3.0% in2016 and by 8.4% a year on average over the remainder of the forecast period to reach USD528mn in2020.


BMI Industry View
Table: Headline Insurance Forecasts (Lithuania 2013-2020)
SWOT
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Lithuania 2013-2020)
Table: Life Insurance Claims (Lithuania 2008-2015)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Lithuania 2013-2020)
Table: Non-Life Insurance Claims (Lithuania 2009-2015)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Lithuania 2013-2020)
Insurance Risk/Reward Index
Emerging Europe Risk/Reward Index
Table: Emerging Europe Insurance Risk/Reward Index - Q216
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Table: Lithuania Life Insurance Market (USDmn) 2008-2013
Non Life Market Overview
The Product Offering
The Competitive Landscape
Table: Lithuania Non-Life Insurance Market (USDmn) 2008-2013
Company Profile
Gjensidige Baltic
Lietuvos Draudimas
SEB Life & Pensions International
Swedbank Life Insurance
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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