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Personal Accident and Health Insurance in Lithuania, Key Trends and Opportunities to 2021

Personal Accident and Health Insurance in Lithuania, Key Trends and Opportunities to 2021

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Lithuania Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Lithuanian personal accident and health insurance segment, and a comparison of the Lithuanian 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 (2012–2016) and forecast period (2016–2021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Lithuanian 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 Lithuania Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Lithuanian personal accident and health insurance segment, including:

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

This report provides a comprehensive analysis of the personal accident and health insurance segment in Lithuania:
  • It provides historical values for the Lithuanian personal accident and health insurance segment for the report’s 2012–2016 review period, and projected figures for the 2016–2021 forecast period.
  • It offers a detailed analysis of the key categories in the Lithuanian personal accident and health insurance segment, and market forecasts to 2021.
  • It provides a comparison of the Lithuanian 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 Lithuania.
  • It profiles the top personal accident and health insurance companies in Lithuania, 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 Lithuanian personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Lithuanian 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 Lithuanian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The personal accident and health segment accounted for 8.3% of the Lithuanian insurance industry in 2016.
  • Solvency II came into effect on January 1, 2016. It is based on three pillars: risk-based quantitative requirements; governance and supervision; and disclosure and transparency.
  • Until 2015, the Bank of Lithuania considered personal accident and sickness a part of non-life insurance, although life companies sold health insurance as a supplement to main life policies. From 2016, health insurance is a part of life insurance, and medical expense insurance is considered a non-life insurance product.


  • Key Facts and Highlights
    • Table Lithuanian Personal Accident and Health Insurance - Key Facts, 2016
    • Table Lithuanian Personal Accident and Health Insurance - Segment Shares (%) of the Top Insurers, 2016
  • Executive Summary
  • Economy and Demographics
    • Table Lithuanian Government Credit Ratings
  • Segment Outlook
    • Table Lithuanian Personal, Accident and Health Insurance - Road Accidents, 2012-2016
    • Table Latvian Marine, Aviation and Transit Insurance - Air Passenger Traffic (thousand), 2012-2016
    • Segment Indicators
      • Gross written premium and penetration
        • Table Lithuanian Personal Accident and Health Insurance - Gross Written Premium (EUR Million and US$ Million), 2012-2016
        • Table Lithuanian Personal Accident and Health Insurance - Gross Written Premium (EUR Million and US$ Million), 2016-2021
      • Active policies
        • Table Lithuanian Personal Accident and Health Insurance - Number of Active Policies (Thousand), 2012-2016
        • Table Lithuanian Personal Accident and Health Insurance - Number of Active Policies (Thousand), 2016-2021
      • Profitability
        • Table Lithuanian Personal Accident and Health Insurance - Profitability Ratio (%), 2012-2016
        • Table Lithuanian Personal Accident and Health Insurance - Profitability Ratio (%), 2016-2021
      • Assets and investments
        • Table Lithuanian Personal Accident and Health Insurance - Total Assets (EUR Million and US$ Million), 2012-2016
        • Table Lithuanian Personal Accident and Health Insurance - Total Assets (EUR Million and US$ Million), 2016-2021
        • Table Lithuanian Personal Accident and Health Insurance - Investment Portfolio (EUR Million), 2012-2016
        • Table Lithuanian Personal Accident and Health Insurance - Investment Portfolio (EUR Million), 2016-2021
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Lithuanian Personal Accident and Health Segment - Market Shares of Leading Insurers (%), 2016
    • Company Profiles
      • Aviva Lietuva - company overview
        • Table Aviva Lietuva - Key Facts
      • Compensa Life Insurance - company overview
        • Table Compensa Life Insurance - Key Facts
        • Table Compensa Life Insurance - Key Financials (EUR Million), 2012-2016
      • Lietuvos Draudimas - company overview
        • Table Lietuvos Draudimas - Key Facts
        • Table Lietuvos Draudimas - Key Financials (EUR Million), 2012-2016
      • Ergo Life - company overview
        • Table Ergo Life - Key Facts
        • Table Ergo Life - Key Financials (EUR Million), 2012-2016
      • SEB Gyvybes Draudimas - company overview
        • Table SEB Gyvybes Draudimas - Key Facts
        • Table SEB Gyvybes Draudimas - Key Financials (EUR Million), 2012-2016
  • Governance, Risk and Compliance
    • Table Lithuania - 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 Lithuania - Life Insurance Regulatory Framework
      • Property insurance
        • Table Lithuania- Property Insurance Regulatory Framework
      • Motor insurance
        • Table Lithuania - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Lithuania - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Workers' compensation
      • Civil liability insurance for construction designers
      • Civil liability insurance of contractors
      • Civil liability insurance on auditor firms
      • Air carriers and aircraft operators insurance
        • Table Lithuania - Minimum Coverage for Aircraft Third-Party Liability Per Accident per Aircraft
      • Professional indemnity insurance for alternative investment fund managers
      • Clinical trials liability insurance
      • Professional liability insurance for lawyers
      • Professional civil liability insurance for insurance and reinsurance intermediaries
      • Professional civil liability insurance for insurance brokers
      • Liability for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Bank of Lithuania
      • 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 Lithuania - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Lithuanian Personal Accident and Health Insurance Industry - Policies and Premium, 2012-2016
      • Table Lithuanian Personal Accident and Health Insurance Industry - Policies and Premium, 2016-2021
    • Claims and Expenses
      • Table Lithuanian Personal Accident and Health Insurance - Claims and Expenses, 2012-2016
      • Table Lithuanian Personal Accident and Health Insurance - Claims and Expenses, 2016-2021
    • Assets and Investments
      • Table Lithuanian Personal Accident and Health Insurance - Assets and Investments, 2012-2016
      • Table Lithuanian Personal Accident and Health Insurance - Assets and Investments, 2016-2021
    • Direct Marketing and E-Commerce
      • Table Lithuanian Personal Accident and Health Insurance - Direct Marketing and ECommerce, 2012-2016
      • Table Lithuanian Personal Accident and Health Insurance - Direct Marketing and ECommerce, 2016-2021
    • Insurance Brokers and Agencies
      • Table Lithuanian Personal Accident and Health Insurance - Insurance Brokers and Agencies, 2012-2016
      • Table Lithuanian Personal Accident and Health Insurance - Insurance Brokers and Agencies, 2016-2021
    • Bancassurance
      • Table Lithuanian Personal Accident and Health Insurance - Bancassurance, 2012-2016
      • Table Lithuanian Personal Accident and Health Insurance - Bancassurance, 2016-2021
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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