Fast Market Research recommends "Lithuania Insurance Report Q3 2016" from Business Monitor International, now available
[ClickPress, Sun Jun 19 2016] The life and non-life insurance sectors remain on the small side in Lithuania and, overall, the market is one of the smallest in the region. However, the outlook is relatively positive, with premiums forecast to rise slowly but steadily throughout the course of the forecast period. Wider economic growth and a healthy regulatory environment will also attract more regional and multinational providers to the market, improving the range of products available and potentially stimulating more rapid growth in premiums.
Key Updates And Forecasts
The Baltic region is proving a pivotal growth area for regional insurance providers. If P&C Insurance, based in Sweden, reports that gross premiums in the Baltic market including Lithuania, where it has more than 330,000 customers, reached EUR36.3mn in the first quarter of 2016.
The life sector, though smaller than the non-life sector, is forecast to post more rapid growth throughout the forecast period through to 2020, with premiums expected to increase from EUR246mn in 2016 to EUR288mn in 2020.
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In the non-life sector, following a short-term contraction in 2016, we expect to see premiums growing from EUR380mn to EUR406mn in 2020, when non-life premiums are forecast to account for around 58.5% of premiums written.
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.
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.
Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
BMI Industry View
Summary of BMI’s key industry forecasts and views, covering the Life and Non-Life segments, the evolving competitive landscape and business operational risks.
Industry SWOT Analysis
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