Lithuania Insurance Q4 2020
The insurance industry in Lithuania offers attractive scope for investment, though in the short-term growth rates will bekept subdued by the Covid-19 pandemic and associated economic disruption. Though the country is home to a small population inregional terms, average income rates are expected to rise over the coming years and coverage rates in most insurance segmentsare currently low, suggesting untapped growth potential. The market is already home to a number of key domestic and regionalproviders and competition levels are relatively high, which could deter stand-alone new entrants, though Lithuania is open toforeign investment and there is still some room for local mergers and acquisitions activity.
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