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Life Insurance in Latvia, Key Trends and Opportunities to 2017 - Product Image

Life Insurance in Latvia, Key Trends and Opportunities to 2017

  • ID: 2816088
  • April 2014
  • Region: Latvia
  • 234 Pages
  • Timetric

FEATURED COMPANIES

  • Citadele Life
  • Ergo Latvija dziviba
  • MetLife Amplico
  • MORE

The report provides in-depth market analysis, information and insights into the Latvian life insurance segment, including:

- The Latvian life insurance segment’s growth prospects by life insurance categories

- Key trends and drivers for the life insurance segment

- The various distribution channels in the Latvian life insurance segment

- The detailed competitive landscape in the life insurance segment in Latvia

- Detailed regulatory policies of the Latvian insurance industry

- A description of the life reinsurance segment in Latvia

- Porter's Five Forces analysis of the life insurance segment

- A benchmarking section on the Latvian life insurance segment in comparison with other countries in the Central and Eastern European region

Summary

During the review period (2008-2012), Latvia’s insurance industry was affected by the global financial crisis. The overall insurance industry in Latvia recorded a decline in written premium at a review-period compound annual growth rate (CAGR) of 3.1%. The life insurance segment registered a positive CAGR of 6.8% during the review period .

This was due to growth READ MORE >

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Citadele Life
  • Ergo Latvija dziviba
  • MetLife Amplico
  • MORE

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size

4 Life Insurance - Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total gross written premium
4.1.2 Premium per capita
4.1.3 Life insurance penetration
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Insurance brokers
4.4.3 Bancassurance
4.4.4 Agencies

5 Latvian Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008-2017
5.2 Key Industry Trends and Drivers
5.3 Challenges
5.4 Recent Market Developments

6 Life Insurance Outlook
6.1 Consumer Segmentation and Buying Behaviour
6.2 Product and Marketing Strategies
6.3 Life Insurance Growth Prospects by Category
6.3.1 Individual life insurance
6.3.2 Individual endowment insurance
6.3.3 Individual unit-linked insurance
6.3.4 Individual term life insurance
6.4 Life Insurance Growth Prospects by Product Type
6.4.1 Individual single-premium policies
6.4.2 Individual non-single-premium policies

7 Analysis by Distribution Channels
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
7.6 Other Channels

8 Porter’s Five Forces Analysis - Latvian Life Insurance
8.1 Bargaining Power of Suppliers: Low to Medium
8.2 Bargaining Power of Buyers: Medium
8.3 Barriers to Entry: Low to Medium
8.4 Intensity of Rivalry: High
8.5 Threat of Substitutes: Medium to Low

9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2008-2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008-2017

10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Regulations by Type of Insurance
10.2.1 Life insurance regulations
10.2.2 Property insurance regulations
10.2.3 Motor insurance regulations
10.2.4 Marine, aviation and transit insurance regulations
10.2.5 Personal accident and health insurance regulations
10.3 Compulsory Insurance
10.3.1 Motor third-party liability insurance
10.3.2 Air carriers and aircraft operators insurance
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors (IAIS)
10.4.2 European Insurance and Occupational Pensions Authority (EIOPA)
10.4.3 Financial and Capital Market Commission (FCMC)
10.5 Non-Admitted Insurance Regulations
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market practices
10.5.4 Fines and penalties
10.6 Company Registration and Operations
10.6.1 Types of insurance organization
10.6.2 Establishing a local company
10.6.3 Foreign ownership
10.6.4 Types of license
10.6.5 Capital requirements
10.6.6 Solvency margins
10.6.7 Reserve requirements
10.6.8 Investment regulations
10.6.9 Statutory return requirements
10.6.10 Fee structure
10.7 Taxation
10.7.1 Insurance premium or policy taxation
10.7.2 Withholding taxes on premium paid overseas
10.7.3 Corporate tax
10.7.4 VAT
10.7.5 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to court
10.8.3 Alternative dispute resolution (ADR)

11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the Latvian Life Insurance Segment
11.3 Citadele Life - Company Overview
11.3.1 Citadele Life - key facts
11.4 Compensa Life Vienna Insurance Group SE - Company Overview
11.4.1 Compensa Life Vienna Insurance Group SE - key facts
11.4.2 Compensa Life Vienna Insurance Group SE - key financials
11.5 Ergo Latvija Dziviba - Company Overview
11.5.1 Ergo Latvija Dziviba - key facts
11.5.2 Ergo Latvija Dziviba - key financials
11.6 Mandatum Life Insurance Baltic SE - Company Overview
11.6.1 Mandatum Life Insurance Baltic SE - key facts
11.6.2 Mandatum Life Insurance Baltic SE - key financials
11.7 MetLife Amplico - Company Overview
11.7.1 MetLife Amplico - key facts
11.7.2 MetLife Amplico - key financials
11.8 SEB Dzivibas Apdro-ina-ana - Company Overview
11.8.1 SEB Dzivibas Apdro-ina-ana - key facts
11.8.2 SEB Dzivibas Apdro-ina-ana - key financials
11.9 Swedbank Life Insurance SE - Company Overview
11.9.1 Swedbank Life Insurance SE - key facts
11.9.2 Swedbank Life Insurance SE - key financials

12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend - Riga Stock Exchange, Latvia
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US$)
12.2.3 GDP at current prices (US$)
12.2.4 GDP per capita at current prices (US$)
12.2.5 GDP by key segments
12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
12.2.7 Agriculture, hunting, forestry and fishing‘s net output at current prices as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
12.2.9 Manufacturing net output at current prices as a percentage of GDP
12.2.10 Mining, manufacturing and utilities at current prices (US$)
12.2.11 Mining, manufacturing and utilities at current prices, as a percentage of GDP
12.2.12 Construction net output at current prices (US$)
12.2.13 Construction net output at current prices as a percentage of GDP
12.2.14 Inflation rate
12.2.15 Exports as a percentage of GDP
12.2.16 Imports as a percentage of GDP
12.2.17 Merchandise exports growth
12.2.18 Merchandise imports growth
12.2.19 Annual average exchange rate LVL-US$
12.3 Infrastructure
12.3.1 Commercial vehicles exports - total value
12.3.2 Commercial vehicles imports - total value
12.3.3 Automotive exports - total value
12.3.4 Automotive imports - total value
12.3.5 Total internet subscribers
12.4 Labor Force
12.4.1 Labor force
12.4.2 Unemployment rate
12.5 Demographics
12.5.1 Gross national disposable income (US$)
12.5.2 Total population
12.5.3 Urban and rural populations
12.5.4 Age distribution of the total population

13 Appendix
13.1 Methodology
13.2 Contact
13.3 About
13.4 Services
13.5 Disclaimer

List of Tables

Table 1: Insurance Industry Definitions
Table 2: Latvian Insurance - Overall Written Premium by Segment (LVL Million), 2008-2012
Table 3: Latvian Insurance - Overall Written Premium by Segment (US$ Million), 2008-2012
Table 4: Latvian Insurance - Overall Written Premium by Segment (LVL Million), 2012-2017
Table 5: Latvian Insurance - Overall Written Premium by Segment (US$ Million), 2012-2017
Table 6: Latvian Insurance - Segmentation (% Share), 2008-2017
Table 7: Latvian Life Insurance - Written Premium by Category (LVL Million), 2008-2012
Table 8: Latvian Life Insurance - Written Premium by Category (US$ Million), 2008-2012
Table 9: Latvian Life Insurance - Written Premium by Category (LVL Million), 2012-2017
Table 10: Latvian Life Insurance - Written Premium by Category (US$ Million), 2012-2017
Table 11: Latvian Life Insurance - Earned Premium (LVL Million), 2008-2012
Table 12: Latvian Life Insurance - Earned Premium (LVL Million), 2012-2017
Table 13: Latvian Life Insurance - Sum Assured (LVL Billion), 2008-2012
Table 14: Latvian Life Insurance - Sum Assured (LVL Billion), 2012-2017
Table 15: Latvian Life Insurance - Paid Claims (LVL Million), 2008-2012
Table 16: Latvian Life Insurance - Paid Claims (LVL Million), 2012-2017
Table 17: Latvian Life Insurance - Incurred Loss (LVL Million), 2008-2012
Table 18: Latvian Life Insurance - Incurred Loss (LVL Million), 2012-2017
Table 19: Latvian Life Insurance - Loss Ratio (%), 2008-2012
Table 20: Latvian Life Insurance - Loss Ratio (%), 2012-2017
Table 21: Latvian Life Insurance - Commissions and Expenses (LVL Million), 2008-2012
Table 22: Latvian Life Insurance - Commissions and Expenses (LVL Million), 2012-2017
Table 23: Latvian Life Insurance - Combined Ratio (%), 2008-2012
Table 24: Latvian Life Insurance - Combined Ratio (%), 2012-2017
Table 25: Latvian Life Insurance - Frauds and Crimes (LVL Million), 2008-2012
Table 26: Latvian Life Insurance - Frauds and Crimes (LVL Million), 2012-2017
Table 27: Latvian Life Insurance - Total Assets (LVL Million), 2008-2012
Table 28: Latvian Life Insurance - Total Assets (LVL Million), 2012-2017
Table 29: Latvian Life Insurance - Total Investment Income (LVL Million), 2008-2012
Table 30: Latvian Life Insurance - Total Investment Income (LVL Million), 2012-2017
Table 31: Latvian Life Insurance - Retentions (LVL Million), 2008-2012
Table 32: Latvian Life Insurance - Retentions (LVL Million), 2012-2017
Table 33: Latvian Individual Life Insurance - Number of Active Policies (Thousand), 2008-2012
Table 34: Latvian Individual Life Insurance - Number of Active Policies, 2012-2017
Table 35: Latvian Individual Life Insurance - Written Premium (LVL Million), 2008-2012
Table 36: Latvian Individual Life Insurance - Written Premium (LVL Million), 2012-2017
Table 37: Latvian Individual Endowment Insurance - Number of Active Policies (Thousand), 2008-2012
Table 38: Latvian Individual Endowment Insurance - Number of Active Policies (Thousand), 2012-2017
Table 39: Latvian Individual Endowment Insurance - Written Premium (LVL Million), 2008-2012
Table 40: Latvian Individual Endowment Insurance - Written Premium (LVL Million), 2012-2017
Table 41: Latvian Individual Unit-Linked Insurance - Number of Active Policies (Thousand), 2008-2012
Table 42: Latvian Individual Unit-Linked Insurance - Number of Active Policies (Thousand), 2012-2017
Table 43: Latvian Individual Unit-Linked Insurance - Written Premium (LVL Million), 2008-2012
Table 44: Latvian Individual Unit-Linked Insurance - Written Premium (LVL Million), 2012-2017
Table 45: Latvian Individual Term life Insurance - Number of Active Policies (Thousand), 2008-2012
Table 46: Latvian Individual Term Life Insurance - Number of Active Policies (Thousand), 2012-2017
Table 47: Latvian Individual Term Life Insurance - Written Premium (LVL Million), 2008-2012
Table 48: Latvian Individual Term Life Insurance - Written Premium (LVL Million), 2012-2017
Table 49: Latvian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Table 50: Latvian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Table 51: Latvian Individual Single-Premium Insurance - Written Premium (LVL Million), 2008-2012
Table 52: Latvian Individual Single-Premium Insurance - Written Premium (LVL Million), 2012-2017
Table 53: Latvian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Table 54: Latvian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Table 55: Latvian Individual Non-Single-Premium Insurance - Written Premium (LVL Million), 2008-2012
Table 56: Latvian Individual Non-Single-Premium Insurance - Written Premium (LVL Million), 2012-2017
Table 57: Latvian Life Insurance - Direct Marketing Commission Paid (LVL Million), 2008-2012
Table 58: Latvian Life Insurance - Direct Marketing Commission Paid (LVL Million), 2012-2017
Table 59: Latvian Life Insurance - New Business Written Premium Through Direct Marketing (LVL Million), 2008-2012
Table 60: Latvian Life Insurance - New Business Written Premium Through Direct Marketing (LVL Million), 2012-2017
Table 61: Latvian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2008-2012
Table 62: Latvian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2012-2017
Table 63: Latvian Life Insurance - Number of Direct Marketing Distributors, 2008-2012
Table 64: Latvian Life Insurance - Number of Direct Marketing Distributors, 2012-2017
Table 65: Latvian Life Insurance - Bancassurance Commission Paid (LVL Million), 2008-2012
Table 66: Latvian Life Insurance - Bancassurance Commission Paid (LVL Million), 2012-2017
Table 67: Latvian Life Insurance - New Business Written Premium Through Bancassurance (LVL Million), 2008-2012
Table 68: Latvian Life Insurance - New Business Written Premium Through Bancassurance (LVL Million), 2012-2017
Table 69: Latvian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2008-2012
Table 70: Latvian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2012-2017
Table 71: Latvian Life Insurance - Number of Bancassurance Distributors, 2008-2012
Table 72: Latvian Life Insurance - Number of Bancassurance Distributors, 2012-2017
Table 73: Latvian Life Insurance - Commission Paid to Agencies (LVL Million), 2008-2012
Table 74: Latvian Life Insurance - Commission Paid to Agencies (LVL Million), 2012-2017
Table 75: Latvian Life Insurance - New Business Written Premium Through Agencies (LVL Million), 2008-2012
Table 76: Latvian Life Insurance - New Business Written Premium Through Agencies (LVL Million), 2012-2017
Table 77: Latvian Life Insurance - New Policies Sold Through Agencies (Thousand), 2008-2012
Table 78: Latvian Life Insurance - New Policies Sold Through Agencies (Thousand), 2012-2017
Table 79: Latvian Life Insurance - Number of Agencies, 2008-2012
Table 80: Latvian Life Insurance - Number of Agencies, 2012-2017
Table 81: Latvian Life Insurance - E-Commerce Commission Paid (LVL Million), 2008-2012
Table 82: Latvian Life Insurance - E-Commerce Commission Paid (LVL Million), 2012-2017
Table 83: Latvian Life Insurance - New Business Written Premium Through E-Commerce (LVL Million), 2008-2012
Table 84: Latvian Life Insurance - New Business Written Premium Through E-Commerce (LVL Million), 2012-2017
Table 85: Latvian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2008-2012
Table 86: Latvian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2012-2017
Table 87: Latvian Life Insurance - Number of E-Commerce Distributors, 2008-2012
Table 88: Latvian Life Insurance - Number of E-Commerce Distributors, 2012-2017
Table 89: Latvian Life Insurance - Commission Paid to Brokers (LVL Million), 2008-2012
Table 90: Latvian Life Insurance - Commission Paid to Brokers (LVL Million), 2012-2017
Table 91: Latvian Life Insurance - New Business Written Premium Through Brokers (LVL Million), 2008-2012
Table 92: Latvian Life Insurance - New Business Written Premium Through Brokers (LVL Million), 2012-2017
Table 93: Latvian Life Insurance - New Policies Sold Through Brokers (Thousand), 2008-2012
Table 94: Latvian Life Insurance - New Policies Sold Through Brokers (Thousand), 2012-2017
Table 95: Latvian Life Insurance - Number of Brokers, 2008-2012
Table 96: Latvian Life Insurance - Number of Brokers, 2012-2017
Table 97: Latvian Life Insurance - Commission Paid to Other Channels (LVL Million), 2008-2012
Table 98: Latvian Life Insurance - Commission Paid to Other Channels (LVL Million), 2012-2017
Table 99: Latvian Life Insurance - New Business Written Premium Through Other Channels (LVL Million), 2008-2012
Table 100: Latvian Life Insurance - New Business Written Premium Through Other Channels (LVL Million), 2012-2017
Table 101: Latvian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2008-2012
Table 102: Latvian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2012-2017
Table 103: Latvian Life Insurance - Number of Distributors in Other Channels, 2008-2012
Table 104: Latvian Life Insurance - Number of Distributors in Other Channels, 2012-2017
Table 105: Reinsurance in Latvia by Category (LVL Million), 2008-2012
Table 106: Reinsurance in Latvia by Category (US$ Million), 2008-2012
Table 107: Reinsurance in Latvia by Category (LVL Million), 2012-2017
Table 108: Reinsurance in Latvia by Category (US$ Million), 2012-2017
Table 109: Latvian Premium Ceded to Reinsurance by Type of Insurance (LVL Million), 2008-2012
Table 110: Latvian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2008-2012
Table 111: Latvian Premium Ceded to Reinsurance by Type of Insurance (LVL Million), 2012-2017
Table 112: Latvian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2012-2017
Table 113: Latvian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 114: Latvian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 115: Latvia - Life Insurance Regulatory Framework
Table 116: Latvia - Property Insurance Regulatory Framework
Table 117: Latvia - Motor Insurance Regulatory Framework
Table 118: Latvia - Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
Table 119: Latvia - Corporate Tax Rates for the Financial Year 2013
Table 120: Total Number of Insurance Companies In Latvian Insurance Industry, 2008-2012
Table 121: Latvian Life Insurance - 2012
Table 122: Citadele Life, Key Facts
Table 123: Compensa Life Vienna Insurance Group SE, Key Facts
Table 124: Compensa Life Vienna Insurance Group SE, Key Financials (LVL Million), 2008-2012
Table 125: Ergo Latvija Dziviba, Key Facts
Table 126: Ergo Latvija Dziviba, Key Financials (LVL Million), 2008-2012
Table 127: Mandatum Life Insurance Baltic SE, Key Facts
Table 128: Mandatum Life Insurance Baltic SE, Key Financials (LVL Million), 2008-2012
Table 129: MetLife Amplico, Key Facts
Table 130: MetLife Amplico, Key Financials (LVL Million), 2008-2012
Table 131: SEB Dzivibas apdrošinašana, Key Facts
Table 132: SEB Dzivibas Apdrošinašana, Key Financials (LVL Million) 2008-2012
Table 133: Swedbank Life Insurance SE, Key Facts
Table 134: Swedbank Life Insurance SE, Key Financials (LVL Million) 2008-2012

List of Figures

Figure 1: Central and Eastern European Region - Economies and Populations, 2012
Figure 2: Central and Eastern European Region - Growth Trends in the Insurance Industry (%), 2007-2017
Figure 3: Central and Eastern European Region - Total Industry Values by Segment (US$ Billion), 2012
Figure 4: Central and Eastern European Region - Life Insurance Gross Written Premium Growth (%), 2007-2017
Figure 5: Central and Eastern European Region - Life Insurance Premium Per Capita Growth (%), 2012
Figure 6: Central and Eastern European Region - Life Insurance Penetration (%), 2012 and 2017
Figure 7: Central and Eastern European Region - Life Insurance Gross Written Premium Growth (%), 2008-2017
Figure 8: Central and Eastern European Region - Life Insurance Gross Written Premium per Capita Growth (%), 2008-2017
Figure 9: Central and Eastern European Region - Life Insurance Loss Ratio (%), 2012 and 2017
Figure 10: Central and Eastern European Region - Life Insurance Combined Ratios (%), 2012 and 2017
Figure 11: Central and Eastern European Region - Life Insurance Incurred Losses Per Capita (US$), 2012 and 2017
Figure 12: Central and Eastern European Region - Life Insurance Incurred Losses as a Percentage of GDP (%), 2012 and 2017
Figure 13: Central and Eastern European Region - Direct Marketing’s Share of Life Insurance New Business Gross Written Premium (%), 2008-2017
Figure 14: Central and Eastern European Region - Insurance Brokers’ Share of Life Insurance New Business Gross Written Premium (%), 2008-2017
Figure 15: Central and Eastern European Region - Bancassurance’s Share of Life Insurance New Business Gross Written Premium (%), 2008-2017
Figure 16: Central and Eastern European Region - Agencies’ Share of Life Insurance New Business Gross Written Premium (%), 2008-2017
Figure 17: Latvian Insurance - Overall Written Premium by Segment (LVL Million), 2008-2017
Figure 18: Latvian Insurance - Dynamics by Segment, 2008-2017
Figure 19: Latvian Life Insurance - Written Premium by Category (LVL Million), 2008-2017
Figure 20: Latvian Life Insurance - Written Premium by Category (% Share), 2012 and 2017
Figure 21: Latvian Life Insurance - Dynamics by Category, 2008-2017
Figure 22: Latvian Life Insurance - Earned Premium (LVL Million), 2008-2012
Figure 23: Latvian Life Insurance - Earned Premium (LVL Million), 2012-2017
Figure 24: Latvian Life Insurance - Sum Assured (LVL Billion), 2008-2012
Figure 25: Latvian Life Insurance - Sum Assured (LVL Billion), 2012-2017
Figure 26: Latvian Life Insurance - Paid Claims (LVL Million), 2008-2012
Figure 27: Latvian Life Insurance - Paid Claims (LVL Million), 2012-2017
Figure 28: Latvian Life Insurance - Incurred Loss (LVL Million), 2008-2012
Figure 29: Latvian Life Insurance - Incurred Loss (LVL Million), 2012-2017
Figure 30: Latvian Life Insurance - Loss Ratio (%), 2008-2012
Figure 31: Latvian Life Insurance - Loss Ratio (%), 2012-2017
Figure 32: Latvian Life Insurance - Commissions and Expenses (LVL Million), 2008-2012
Figure 33: Latvian Life Insurance - Commissions and Expenses (LVL Million), 2012-2017
Figure 34: Latvian Life Insurance - Combined Ratio (%), 2008-2012
Figure 35: Latvian Life Insurance - Combined Ratio (%), 2012-2017
Figure 36: Latvian Life Insurance - Frauds and Crimes (LVL Million), 2008-2012
Figure 37: Latvian Life Insurance - Frauds and Crimes (LVL Million), 2012-2017
Figure 38: Latvian Life Insurance - Total Assets (LVL Million), 2008-2012
Figure 39: Latvian Life Insurance - Total Assets (LVL Million), 2012-2017
Figure 40: Latvian Life Insurance - Total Investment Income (LVL Million), 2008-2012
Figure 41: Latvian Life Insurance - Total Investment Income (LVL Million), 2012-2017
Figure 42: Latvian Life Insurance - Retentions (LVL Million), 2008-2012
Figure 43: Latvian Life Insurance - Retentions (LVL Million), 2012-2017
Figure 44: Latvian Life Insurance - Investment Portfolio (LVL Million), 2008-2012
Figure 45: Latvian Life Insurance - Investment Portfolio, 2008 and 2012
Figure 46: Latvian Life Insurance - Penetration (%), 2008-2012
Figure 47: Latvian Life Insurance - Density (Number of Policies per Capita), 2008-2012
Figure 48: Latvian Life Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 49: Latvian Life Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 50: Latvian Life Insurance - Premium Per Capita (LVL), 2008-2012
Figure 51: Latvian Individual Life Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 52: Latvian Individual Life Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 53: Latvian Individual Life Insurance - Written Premium (LVL Million), 2008-2012
Figure 54: Latvian Individual Life Insurance - Written Premium (LVL Million), 2012-2017
Figure 55: Latvian Individual Endowment Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 56: Latvian Individual Endowment Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 57: Latvian Individual Endowment Insurance - Written Premium (LVL Million), 2008-2012
Figure 58: Latvian Individual Endowment Insurance - Written Premium (LVL Million), 2012-2017
Figure 59: Latvian Individual Unit-Linked Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 60: Latvian Individual Unit-Linked Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 61: Latvian Individual Unit-Linked Insurance - Written Premium (LVL Million), 2008-2012
Figure 62: Latvian Individual Unit-Linked Insurance - Written Premium (LVL Million), 2012-2017
Figure 63: Latvian Individual Term Life Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 64: Latvian Individual Term Life Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 65: Latvian Individual Term Life Insurance - Written Premium (LVL Million), 2008-2012
Figure 66: Latvian Individual Term Life Insurance - Written Premium (LVL Million), 2012-2017
Figure 67: Latvian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 68: Latvian Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 69: Latvian Individual Single-Premium Insurance - Written Premium (LVL Million), 2008-2012
Figure 70: Latvian Individual Single-Premium Insurance - Written Premium (LVL Million), 2012-2017
Figure 71: Latvian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 72: Latvian Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 73: Latvian Individual Non-Single-Premium Insurance - Written Premium (LVL Million), 2008-2012
Figure 74: Latvian Individual Non-Single-Premium Insurance - Written Premium (LVL Million), 2012-2017
Figure 75: Latvian Life Insurance - New Business Written Premium by Distribution Channel (% Share), 2012 and 2017
Figure 76: Latvian Life Insurance - Direct Marketing Commission Paid (LVL Million), 2008-2012
Figure 77: Latvian Life Insurance - Direct Marketing Commission Paid (LVL Million), 2012-2017
Figure 78: Latvian Life Insurance - New Business Written Premium Through Direct Marketing (LVL Million), 2008-2012
Figure 79: Latvian Life Insurance - New Business Written Premium Through Direct Marketing (LVL Million), 2012-2017
Figure 80: Latvian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2008-2012
Figure 81: Latvian Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2012-2017
Figure 82: Latvian Life Insurance - Number of Direct Marketing Distributors, 2008-2012
Figure 83: Latvian Life Insurance - Number of Direct Marketing Distributors, 2012-2017
Figure 84: Latvian Life Insurance - Bancassurance Commission Paid (LVL Million), 2008-2012
Figure 85: Latvian Life Insurance - Bancassurance Commission Paid (LVL Million), 2012-2017
Figure 86: Latvian Life Insurance - New Business Written Premium Through Bancassurance (LVL Million), 2008-2012
Figure 87: Latvian Life Insurance - New Business Written Premium Through Bancassurance (LVL Million), 2012-2017
Figure 88: Latvian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2008-2012
Figure 89: Latvian Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2012-2017
Figure 90: Latvian Life Insurance - Number of Bancassurance Distributors, 2008-2012
Figure 91: Latvian Life Insurance - Number of Bancassurance Distributors, 2012-2017
Figure 92: Latvian Life Insurance - Commission Paid to Agencies (LVL Million), 2008-2012
Figure 93: Latvian Life Insurance - Commission Paid to Agencies (LVL Million), 2012-2017
Figure 94: Latvian Life Insurance - New Business Written Premium Through Agencies (LVL Million), 2008-2012
Figure 95: Latvian Life Insurance - New Business Written Premium Through Agencies (LVL Million), 2012-2017
Figure 96: Latvian Life Insurance - New Policies Sold Through Agencies (Thousand), 2008-2012
Figure 97: Latvian Life Insurance - New Policies Sold Through Agencies (Thousand), 2012-2017
Figure 98: Latvian Life Insurance - Number of Agencies, 2008-2012
Figure 99: Latvian Life Insurance - Number of Agencies, 2012-2017
Figure 100: Latvian Life Insurance - E-Commerce Commission Paid (LVL Million), 2008-2012
Figure 101: Latvian Life Insurance - E-Commerce Commission Paid (LVL Million), 2012-2017
Figure 102: Latvian Life Insurance - New Business Written Premium Through E-Commerce (LVL Million), 2008-2012
Figure 103: Latvian Life Insurance - New Business Written Premium Through E-Commerce (LVL Million), 2012-2017
Figure 104: Latvian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2008-2012
Figure 105: Latvian Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2012-2017
Figure 106: Latvian Life Insurance - Number of E-Commerce Distributors, 2008-2012
Figure 107: Latvian Life Insurance - Number of E-Commerce Distributors, 2012-2017
Figure 108: Latvian Life Insurance - Commission Paid to Brokers (LVL Million), 2008-2012
Figure 109: Latvian Life Insurance - Commission Paid to Brokers (LVL Million), 2012-2017
Figure 110: Latvian Life Insurance - New Business Written Premium Through Brokers (LVL Million), 2008-2012
Figure 111: Latvian Life Insurance - New Business Written Premium Through Brokers (LVL Million), 2012-2017
Figure 112: Latvian Life Insurance - New Policies Sold Through Brokers (Thousand), 2008-2012
Figure 113: Latvian Life Insurance - New Policies Sold Through Brokers (Thousand), 2012-2017
Figure 114: Latvian Life Insurance - Number of Brokers, 2008-2012
Figure 115: Latvian Life Insurance - Number of Brokers, 2012-2017
Figure 116: Latvian Life Insurance - Commission Paid to Other Channels (LVL Million), 2008-2012
Figure 117: Latvian Life Insurance - Commission Paid to Other Channels (LVL Million), 2012-2017
Figure 118: Latvian Life Insurance - New Business Written Premium Through Other Channels (LVL Million), 2008-2012
Figure 119: Latvian Life Insurance - New Business Written Premium Through Other Channels (LVL Million), 2012-2017
Figure 120: Latvian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2008-2012
Figure 121: Latvian Life Insurance - New Policies Sold Through Other Channels (Thousand), 2012-2017
Figure 122: Latvian Life Insurance - Number of Distributors in Other Channels, 2008-2012
Figure 123: Latvian Life Insurance - Number of Distributors in Other Channels, 2012-2017
Figure 124: Latvian Life Insurance - Porter’s Five Forces Analysis
Figure 125: Latvian Premium Ceded to Reinsurance by Category (LVL Million), 2008-2017
Figure 126: Latvian Premium Ceded to Reinsurance by Category (% Share), 2012 and 2017
Figure 127: Latvian Reinsurance - Dynamics by Category, 2008-2017
Figure 128: Latvian Premium Ceded to Reinsurance by Type of Insurance (LVL Million), 2008-2017
Figure 129: Latvian Reinsurance - Dynamics by Type of Insurance, 2008-2017
Figure 130: Latvian Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 131: Latvian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 132: Latvia - Insurance Regulatory Framework
Figure 133: Latvia - Insurance Supervision and Control at Various Levels
Figure 134: Latvia - Insurance Regulatory Frameworks for Company Registration and Operation
Figure 135: Latvian, Riga Stock Exchange Market Capitalization (US$ Billion), 2008-2012
Figure 136: Latvian GDP at Constant Prices (US$ Billion), 2008-2012
Figure 137: Latvian GDP Per Capita at Constant Prices (US$), 2008-2012
Figure 138: Latvian GDP at Current Prices (US$ Billion), 2008-2012
Figure 139: Latvian GDP Per Capita at Current Prices (US$), 2008-2012
Figure 140: Latvian GDP by Key Segments (%) 2008 and 2012
Figure 141: Latvian Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2008-2012
Figure 142: Latvian Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2008-2012
Figure 143: Latvian Manufacturing Net Output at Current Prices (US$ Billion), 2008-2012
Figure 144: Latvian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008-2012
Figure 145: Latvian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008-2012
Figure 146: Latvian Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2008-2012
Figure 147: Latvian Construction Net Output at Current Prices (US$ Billion), 2008-2012
Figure 148: Latvian Construction Output at Current Prices as a Percentage of GDP (%), 2008-2012
Figure 149: Latvian Inflation Rate (%), 2008-2012
Figure 150: Latvian Exports as a Percentage of GDP (%), 2007-2011
Figure 151: Latvian Imports as a Percentage of GDP (%), 2007-2011
Figure 152: Latvian Merchandise Exports Growth (%), 2008-2011
Figure 153: Latvian Merchandise Imports Growth (%), 2008-2011
Figure 154: Latvian Annual Average Exchange Rate US$-LVL, 2008-2012
Figure 155: Latvian Commercial Vehicles Exports - Total Value (US$ Million), 2007-2011
Figure 156: Latvian Commercial Vehicles Imports - Total Value (US$ Million), 2007-2011
Figure 157: Latvian Automotive Exports - Total Value (US$ Million), 2007-2011
Figure 158: Latvian Automotive Imports - Total Value (US$ Billion), 2007-2011
Figure 159: Latvian Internet Subscriptions (Millions), 2008-2012
Figure 160: Latvian Size of Labor Force (Million), 2008-2012
Figure 161: Latvian Unemployment Rate (%), 2008-2012
Figure 162: Latvian Gross National Disposable Income (US$ Billion), 2008-2012
Figure 163: Latvian Total Population (Million), 2008-2012
Figure 164: Latvian Urban and Rural Populations (%), 2008-2012
Figure 165: Latvian Population Distribution by Age (%), 2008-2012

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