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Lithuania Insurance Report 2014

  • ID: 2691085
  • November 2013
  • Region: Lithuania
  • 82 pages
  • Business Monitor International
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FEATURED COMPANIES

  • BTA Insurance Company SE
  • Gjensidige Baltic
  • Lietuvos Draudimas
  • RSA Group
  • Sampo Group
  • Seesam
  • MORE

BMI View: The market metrics in Lithuania have, over the last two years or so, been more favourable than in the other Baltic states.

Key Insights And Key Risks

Given the country's economic and political history of the last 25 years or so, and the identities of the main players in the non-life and the life segments, one would expect that conditions in Lithuania's insurance sector would, overall, be similar to those of Estonia and Latvia. In the other two Baltic states, the insurance sectors are (greatly) strengthened by the dominant positions of the local operations of major multinationals.

Across the sub-region, key players include five large Scandinavian financial services groups (SEB,
Swedbank, Gjensidige, OP Pohjola and If Sampo), UK-based non-life major RSA and the (life)
operations of VIG, the Austria-based composite group that has the largest footprint across Central &
Eastern Europe of any multi-national.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BTA Insurance Company SE
  • Gjensidige Baltic
  • Lietuvos Draudimas
  • RSA Group
  • Sampo Group
  • Seesam
  • MORE

BMI Industry View 7
Table: Lithuania's Total Premiums 2010-2017 8

SWOT 9

Insurance 9

Political 11

Economic 12

Business Environment 13

Industry Forecast 14

Life 14
Table: Lithuania's Total Life Premiums, 2010-2017 14

Non Life 15
Table: Lithuania's Total Non-Life Premiums, 2010-2017 16

Industry Risk Reward Ratings 18

Central and Eastern European Risk/Reward Ratings 18
Table: Europe Risk/Reward Ratings 18

Industry Risk Reward Ratings 20
Table: Lithuania's Insurance Risk/Reward Ratings 20

Market Overview 22

Life 22

Non Life 23

Industry Trends And Developments 24

LIthuania Life Growth Drivers & Risk Management Projections 24

LIthuania Non Life Growth Drivers & Risk Management Projections 25

Macroeconomic Forecast 25
Table: Lithuania - Economic Activity 28

Political Outlook 29

Healthcare System 31

Healthcare Insurance 32

Epidemiology 34
Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017 35

Competitive Landscape 37

Central And Eastern Europe Competitive Landscape 38

Company Profile 41

Lietuvos Draudimas 41

Swedbank Life Insurance 43

Seesam 46

SEB Life & Pensions International 48

Sampo Group 50

RSA Group 53

Gjensidige Baltic 56

BTA Insurance Company SE 59

Vienna Insurance Group (VIG) 61

Powszechny Zaklad Ubezpieczen (PZU) 65

Regional Overview 69

Central & Eastern Europe - Non-Life 69
Table: Central And Eastern Europe - Non Life Premiums US$mn, 2010-2017 69

Central & Eastern Europe - Life 70
Table: Central And Eastern European Life Premiums, 2010-2017 (US$mn) 71

Demographic Forecast 73
Table: Lithuania's Population By Age Group, 1990-2020 ('000) 74
Table: Lithuania's Population By Age Group, 1990-2020 (% of total) 75
Table: Lithuania's Key Population Ratios, 1990-2020 76
Table: Lithuania's Rural And Urban Population, 1990-2020 76

Methodology 77

Industry Forecast Methodology 77

Risk/Reward Rating Methodology 80
Table: Insurance Risk/Reward Ratings Indicators 81
Table: Weighting Of Indicators 82

Note: Product cover images may vary from those shown
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Lietuvos Draudimas
Swedbank Life Insurance
Seesam
SEB Life & Pensions International
Sampo Group
RSA Group
Gjensidige Baltic
BTA Insurance Company SE
Vienna Insurance Group (VIG)
Powszechny Zaklad Ubezpieczen (PZU)

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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