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Personal Accident and Health Insurance in Latvia, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Latvia, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Latvia, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Latvian personal accident and health insurance segment, and a comparison of the Latvian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Latvian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Personal Accident and Health Insurance in Latvia, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Latvian personal accident and health insurance segment, including:

  • An overview of the Latvian personal accident and health insurance segment
  • The Latvian personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Latvian economy and demographics
  • A comparison of the Latvian personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the Latvian personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Latvia
  • Details of regulatory policy applicable to the Latvian insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Latvia:
  • It provides historical values for the Latvian personal accident and health insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Latvian personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Latvian personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Latvia.
  • It profiles the top personal accident and health insurance companies in Latvia, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Latvian personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Latvian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Latvian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The personal accident and health segment accounted for 14.4% of the Latvian insurance industry’s gross written premium in 2015.
  • In 2016, 16 companies – both domestic and foreign branches – were members of the Latvian Insurance Association (LIA). All companies provided accident insurance, and 12 provided health cover.
  • On August 1, 2017, VIG announced the merger of its Latvian subsidiaries, InterRisk and BTA Baltic, with BTA Baltic being the merged entity. The merger is pending regulatory approval.


  • Key Facts and Highlights
    • Table Latvian Personal Accident and Health Insurance - Key Facts, 2015
    • Table Latvian Personal Accident and Health Insurance - Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Latvian Government Credit Ratings
  • Segment Outlook
    • Table Latvian Marine, Aviation and Transit Insurance - Passenger Traffic (Million), 2012- 2016
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Latvian Personal Accident and Health Insurance - Gross Written Premium (EUR Million and US$ Million), 2011-2015
        • Table Latvian Personal Accident and Health Insurance - Penetration (%), 2011-2015
        • Table Latvian Personal Accident and Health Insurance - Gross Written Premium (EUR Million and US$ Million), 2015-2020
        • Table Latvian Personal Accident and Health Insurance - Penetration (%), 2015-2020
        • Table Latvian Personal Accident and Health Insurance - Premium per Capita (EUR and US$), 2011-2015
        • Table Latvian Personal Accident and Health Insurance - Premium per Capita (EUR and US$), 2015-2020
      • Profitability
        • Table Latvian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table Latvian Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Latvian Personal Accident and Health Insurance - Total Assets (EUR Million and US$ Million), 2011-2015
        • Table Latvian Personal Accident and Health Insurance - Total Assets (EUR Million and US$ Million), 2015-2020
        • Table Latvian Personal Accident and Health Insurance - Total Investment Income (EUR Thousand and US$ Thousand), 2011-2015
        • Table Latvian Personal Accident and Health Insurance - Total Investment Income (EUR Thousand and US$ Thousand), 2015-2020
  • Outlook by Category
    • Table Latvian Personal Accident and Health Insurance - Direct Written Premium by Category (EUR Million), 2011-2015
    • Table Latvian Personal Accident and Health Insurance - Direct Written Premium by Category (EUR Million), 2015-2020
    • Personal Accident Insurance
      • Premium
        • Table Latvian Personal Accident Insurance - Direct Written Premium (EUR Million and US$ Million), 2011-2015
        • Table Latvian Personal Accident Insurance - Direct Written Premium (EUR Million and US$ Million), 2015-2020
      • Policies
        • Table Latvian Personal Accident Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Latvian Personal Accident Insurance - Number of Policies Sold (Thousand), 2015-2020
    • Health Insurance
      • Premium
        • Table Latvian Health Insurance - Direct Written Premium by Sub-Category (EUR Million), 2011-2015
        • Table Latvian Health Insurance - Direct Written Premium by Sub-Category (EUR Million), 2015-2020
      • Policies
        • Table Latvian Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
        • Table Latvian Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
    • Travel Insurance
      • Premium
        • Table Latvian Travel Insurance - Direct Written Premium (EUR Million), 2011-2015
        • Table Latvian Travel Insurance - Direct Written Premium (EUR Million), 2015-2020
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Latvian Personal Accident and Health Insurance - Top Insurers, 2015
    • Company Profiles
      • BTA Insurance Company SE - company overview
        • Table BTA Insurance Company SE - Key Facts
      • AAS Balta - company overview
        • Table AAS Balta - Key Facts
      • AAS Gjensidige Baltic - company overview
        • Table AAS Gjensidige Baltic - Key Facts
      • BTA Baltic Insurance Company AAS - company overview
        • Table BTA Baltic Insurance Company AAS - Key Facts
      • Baltikums Vienna Insurance Group - company overview
        • Table Baltikums Vienna Insurance Group - Key Facts
      • Baltijas Apdrošinašanas Nams - company overview
        • Table Baltijas Apdrošinašanas Nams - Key Facts
  • Governance, Risk and Compliance
    • Table Latvia - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Latvia - Life Insurance Regulatory Framework
      • Property insurance
        • Table Latvia - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Latvia- Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Latvia - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Air carriers and aircraft operators insurance
        • Table Latvia - Minimum Coverage for Aircraft Third-Party Liability Per Accident Per Aircraft
      • Professional indemnity insurance for alternative investment fund managers
      • Liability for ships with respect to oil pollution
      • Third party liability insurance for bailiffs
      • Clinical trial liability
      • Professional liability insurance for insurance intermediaries
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Federation of European Risk Management Associations
      • Federation of European Risk Management Associations
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Latvia - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Latvian Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
      • Table Latvian Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Latvian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
      • Table Latvian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Latvian Personal Accident and Health Insurance - Assets and Investments, 2011- 2015
      • Table Latvian Personal Accident and Health Insurance - Assets and Investments, 2015- 2020
    • Personal Accident Insurance
      • Table Latvian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
      • Table Latvian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
    • Health Insurance
      • Table Latvian Personal Accident and Health Insurance - Health Insurance, 2011-2015
      • Table Latvian Personal Accident and Health Insurance - Health Insurance, 2015-2020
    • Travel Insurance
      • Table Latvian Personal Accident and Health Insurance - Travel Insurance, 2011-2015
      • Table Latvian Personal Accident and Health Insurance - Travel Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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