Lithuania Insurance Report Q4 2017

BMI View: We forecast a positive growth trajectory for both of Lithuania's life and non-life insurancesegments over the period 2017-2021. Growth in the longer-term is, however, constrained by the country'ssmall and low-income population. Currently, the market is among the smallest in the CEE region and isgrowing from a low base, as is indicated by low levels of insurance density and penetration. A robusteconomic backdrop, however, will stimulate consumer spending and likely lead to an uptick in insurancedemand, making the Lithuanian market increasingly attractive for investors.

Latest Updates And Key Forecasts

With an estimated market share of 35.4% in 2017, Lithuania's life insurance market constitutes thesmaller major segment of the country's insurance sector. In the same year, gross life premiums shouldamount to EUR254mn (USD267mn) following growth of 3.1%. Over the remainder of our forecastperiod, we expect to see premiums rise at an average of 4.3% per year, ultimately reaching EUR302mn(USD302mn) in 2021.

BMI Industry View
Table: Headline Insurance Forecasts (Lithuania 2014-2021)
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Lithuania 2014-2021)
Table: Life Claims (Lithuania 2010-2016)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Lithuania 2014-2021)
Table: Non-Life Claims (Lithuania 2010-2016)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Lithuania 2014-2021)
Insurance 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
Table: Lithuania Life Insurance Market (USDmn) 2010-2016
Non-Life Market Overview
Product Offering
Competitive Landscape
Table: Lithuania Non-Life Insurance Market (USDmn) 2010-2016
Company Profile
Gjensidige Baltic
Lietuvos Draudimas
Swedbank Life Insurance
SEB Life & Pensions International
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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