Lithuania Insurance Q4 2018
The insurance industry in Lithuania, particularly in terms of life insurance, remains underdeveloped and rates of coverageare currently low. A lack of affordability for many households has been a hindrance to the insurance industry in the past, as has alack of awareness of the benefits of insurance cover. Both trends are now shifting, however, as solid domestic economic growthmeans that household income rates (and disposable income rates) are rising, while providers have also been able to expandunderstanding of and access to a wider range of insurance products. We therefore expect to see solid growth in the market movingforward.
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