"Lithuania Insurance Report Q2 2016" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Fri Mar 25 2016

Lithuania is one of the smaller European insurance markets we monitor, however the sector has been the centre of considerable activity over recent quarters , as multinational firms, including those from neighbouring Scandinavian and Eastern European countries , have taken advantage of opportunities to invest. A relatively bullish outlook for Lithuania's economy should lead to further interest from potential new entrants , as household incomes rise and consumer and corporate spending increase. While the market is increasingly consolidated, there remain a number of smaller indigenous providers who may present a window for multinationals to gain a foothold in the market. Those already present will be looking to grow their market share through new acquisitions, allowing them to leverage their already well-developed distribution networks.

Key Updates And Forecasts

We maintain a bullish outlook with regard to insurance premiums growth in Lithuania over the next few years, with both the life and non-life sectors well-placed to benefit from steady growth in GDP and household and corporate spending. However, density will remain low by European standards in both markets, with gross life premiums measuring around USD97 per capita in 2020 and non-life premiums totalling USD189 per capita.

Full Report Details at
- http://www.fastmr.com/prod/1130949_lithuania_insurance_report_q2.aspx?afid=301

The non-life market will be better performer of the two sectors, with premiums set to grow by 3.0% in 2016 and by 8.4% a year on average over the remainder of the forecast period to reach USD528mn in 2020.

Life premiums will grow by just 0.6% in USD terms this year which is partly due to the effects of currency market movements. Growth will accelerate over 2017-2020 to average 6.4% a year. By 2020 the total size of the market will be USD272mn.

The Lithuania Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Lithuania Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Lithuanian insurance industry.

Key Benefits
Benchmark BMI's independent insurance industry forecasts for Lithuania to test other views - a key input for successful budgeting and strategic business planning in Lithuania's insurance market.
Target business opportunities and risks in Lithuania through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.

About Fast Market Research

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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