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

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

  • Published: April 2014
  • Region: Latvia
  • 273 Pages
  • Timetric

FEATURED COMPANIES

  • AAS Balta
  • AAS Gjensidige Baltic
  • Baltikums
  • BTA Insurance Company SE
  • Swedbank P&C Insurance AS
  • MORE

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

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

- Key trends and drivers for the non-life insurance segment

- The various distribution channels in the Latvian non-life insurance segment

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

- Detailed regulatory policies of the Latvian insurance industry

- A description of the non-life reinsurance segment in Latvia

- Porter's Five Forces analysis of the non-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

The Latvian non-life insurance segment declined during the review period (2008–2012) at a compound annual growth rate (CAGR) of 3.8%. This was primarily due to the contraction in the economy as a result of the global financial crisis. The crisis significantly affected the segment’s largest category, motor insurance, as demand for READ 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 Non-Life Insurance - Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total market gross written premium
4.1.2 Premium per capita
4.1.3 Non-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 E-commerce
4.4.3 Brokers
4.4.4 Bancassurance
4.4.5 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 Non-Life Insurance Outlook
6.1 Consumer Segmentation and Buying Behavior
6.1.1 Individual buyers
6.1.2 Corporate buyers
6.2 Product and Marketing Strategies
6.2.1 Product strategies
6.2.2 Marketing strategies
6.3 Non-Life Insurance Growth Prospects by Category
6.4 Property Insurance
6.4.1 Fire and allied perils insurance
6.4.2 Engineering insurance
6.4.3 Other property insurance
6.5 Motor Insurance
6.5.1 Motor hull insurance
6.5.2 Motor third-party insurance
6.6 General Liability Insurance
6.7 Marine, Aviation and Transit Insurance
6.7.1 Marine insurance
6.7.2 Marine hull insurance
6.7.3 Marine liability
6.7.4 Aviation insurance
6.7.5 Transit insurance

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 Non-Life Insurance
8.1 Bargaining Power of Suppliers: Medium to High
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: 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 Non-Life Insurance Segment
11.3 BTA Insurance Company SE - Company Overview
11.3.1 BTA Insurance Company SE - key facts
11.3.2 BTA Insurance Company SE - key financials
11.4 If P&C Insurance AS Latvia - Company Overview
11.4.1 If P&C Insurance AS Latvia - key facts
11.4.2 If P&C Insurance AS Latvia - key financials
11.5 AAS Gjensidige Baltic - Company Overview
11.5.1 AAS Gjensidige Baltic - key facts
11.5.2 AAS Gjensidige Baltic - key financials
11.6 Seesam Insurance AS Latvia - Company Overview
11.6.1 Seesam Insurance AS Latvia - key facts
11.6.2 Seesam Insurance AS Latvia - key financials
11.7 AAS Balta - Company Overview
11.7.1 AAS Balta - key facts
11.7.2 AAS Balta - key financials
11.8 Ergo Insurance SE Latvian Branch - Company Overview
11.8.1 Ergo Insurance SE Latvian Branch - key facts
11.8.2 Ergo Insurance SE Latvian Branch - key financials
11.9 Baltikums - Company Overview
11.9.1 Baltikums - key facts
11.9.2 Baltikums - key financials
11.1 Swedbank P&C Insurance AS Latvia - Company Overview
11.10.1 Swedbank P&C Insurance AS Latvia - key facts
11.11 Baltijas Apdrošinašanas Nams - Company Overview
11.11.1 Baltijas Apdrošinašanas Nams - key facts
11.11.2 Baltijas Apdrošinašanas Nams - 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 Non-Life Insurance - Written Premium by Category (LVL Million), 2008-2012
Table 8: Latvian Non-Life Insurance - Written Premium by Category (US$ Million), 2008-2012
Table 9: Latvian Non-Life Insurance - Written Premium by Category (LVL Million), 2012-2017
Table 10: Latvian Non-Life Insurance - Written Premium by Category (US$ Million), 2012-2017
Table 11: Latvian Non-Life Insurance - Earned Premium (LVL Million), 2008-2012
Table 12: Latvian Non-Life Insurance - Earned Premium (LVL Million), 2012-2017
Table 13: Latvian Non-Life Insurance - Paid Claims by Category (LVL Million), 2008-2012
Table 14: Latvian Non-Life Insurance - Paid Claims by Category (US$ Million), 2008-2012
Table 15: Latvian Non-Life Insurance - Paid Claims by Category (LVL Million), 2012-2017
Table 16: Latvian Non-Life Insurance - Paid Claims by Category (US$ Million), 2012-2017
Table 17: Latvian Non-Life Insurance - Incurred Loss by Category (LVL Million), 2008-2012
Table 18: Latvian Non-Life Insurance - Incurred Loss by Category (US$ Million), 2008-2012
Table 19: Latvian Non-Life Insurance - Incurred Loss by Category (LVL Million), 2012-2017
Table 20: Latvian Non-Life Insurance - Incurred Loss by Category (US$ Million), 2012-2017
Table 21: Latvian Non-Life Insurance - Loss Ratio (%), 2008-2012
Table 22: Latvian Non-Life Insurance - Loss Ratio (%), 2012-2017
Table 23: Latvian Non-Life Insurance - Commissions and Expenses (LVL Million), 2008-2012
Table 24: Latvian Non-Life Insurance - Commissions and Expenses (LVL Million), 2012-2017
Table 25: Latvian Non-Life Insurance - Combined Ratio (%), 2008-2012
Table 26: Latvian Non-Life Insurance - Combined Ratio (%), 2012-2017
Table 27: Latvian Non-Life Insurance - Fraud and Crimes (LVL Million), 2008-2012
Table 28: Latvian Non-Life Insurance - Fraud and Crimes (LVL Million), 2012-2017
Table 29: Latvian Non-Life Insurance - Total Assets (LVL Million), 2008-2012
Table 30: Latvian Non-Life Insurance - Total Assets (LVL Million), 2012-2017
Table 31: Latvian Non-Life Insurance - Total Investment Income (LVL Million), 2008-2012
Table 32: Latvian Non-Life Insurance - Total Investment Income (LVL Million), 2012-2017
Table 33: Latvian Non-Life Insurance - Retentions (LVL Million), 2008-2012
Table 34: Latvian Non-Life Insurance - Retentions (LVL Million), 2012-2017
Table 35: Latvian Property Insurance - Written Premium by Sub-Category (LVL Million), 2008-2012
Table 36: Latvian Property Insurance - Written Premium by Sub-Category (US$ Million), 2008-2012
Table 37: Latvian Property Insurance - Written Premium by Sub-Category (LVL Million), 2012-2017
Table 38: Latvian Property Insurance - Written Premium by Sub-Category (US$ Million), 2012-2017
Table 39: Latvian Property Insurance - Loss Ratio (%), 2008-2012
Table 40: Latvian Property Insurance - Loss Ratio (%), 2012-2017
Table 41: Latvian Fire and Allied Perils Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 42: Latvian Fire and Allied Perils Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 43: Latvian Fire and Allied Perils Insurance - Written Premium (LVL Million), 2008-2012
Table 44: Latvian Fire and Allied Perils Insurance - Written Premium (LVL Million), 2012-2017
Table 45: Latvian Engineering Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 46: Latvian Engineering Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 47: Latvian Engineering Insurance - Written Premium (LVL Million), 2008-2012
Table 48: Latvian Engineering Insurance - Written Premium (LVL Million), 2012-2017
Table 49: Latvian Other Property Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 50: Latvian Other Property Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 51: Latvian Other Property Insurance - Written Premium (LVL Million), 2008-2012
Table 52: Latvian Other Property Insurance - Written Premium (LVL Million), 2012-2017
Table 53: Latvian Motor Insurance - Written Premium by Sub-Category (LVL Million), 2008-2012
Table 54: Latvian Motor Insurance - Written Premium by Sub-Category (US$ Million), 2008-2012
Table 55: Latvian Motor Insurance - Written Premium by Sub-Category (LVL Million), 2012-2017
Table 56: Latvian Motor Insurance - Written Premium by Sub-Category (US$ Million), 2012-2017
Table 57: Latvian Motor Insurance - Loss Ratio (%), 2008-2012
Table 58: Latvian Motor Insurance - Loss Ratio (%), 2012-2017
Table 59: Latvian Motor Hull Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 60: Latvian Motor Hull Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 61: Latvian Motor Hull Insurance - Written Premium (LVL Million), 2008-2012
Table 62: Latvian Motor Hull Insurance - Written Premium (LVL Million), 2012-2017
Table 63: Latvian Motor Liability Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 64: Latvian Motor Liability Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 65: Latvian Motor Liability Insurance - Written Premium (LVL Million), 2008-2012
Table 66: Latvian Motor Liability Insurance - Written Premium (LVL Million), 2012-2017
Table 67: Latvian General Liability Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 68: Latvian General Liability Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 69: Latvian General Liability Insurance - Written Premium (LVL Million), 2008-2012
Table 70: Latvian General Liability Insurance - Written Premium (LVL Million), 2012-2017
Table 71: Latvian General Liability Insurance - Loss Ratio (%), 2008-2012
Table 72: Latvian General Liability Insurance - Loss Ratio (%), 2012-2017
Table 73: Latvian Marine, Aviation and Transit Insurance - Written Premium by Sub-Category (LVL Million), 2008-2012
Table 74: Latvian Marine, Aviation and Transit Insurance - Written Premium by Sub-Category (US$ Million), 2008-2012
Table 75: Latvian Marine, Aviation and Transit Insurance - Written Premium by Sub-Category (LVL Million), 2012-2017
Table 76: Latvian Marine, Aviation and Transit Insurance - Written Premium by Sub-Category (US$ Million), 2012-2017
Table 77: Latvian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2008-2012
Table 78: Latvian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2012-2017
Table 79: Latvian Marine Insurance - Written Premium by Policy (LVL Million), 2008-2012
Table 80: Latvian Marine Insurance - Written Premium by Policy (US$ Million), 2008-2012
Table 81: Latvian Marine Insurance - Written Premium by Policy (LVL Million), 2012-2017
Table 82: Latvian Marine Insurance - Written Premium by Policy (US$ Million), 2012-2017
Table 83: Latvian Marine Hull Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 84: Latvian Marine Hull Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 85: Latvian Marine Hull Insurance - Written Premium (LVL Million), 2008-2012
Table 86: Latvian Marine Hull Insurance - Written Premium (LVL Million), 2012-2017
Table 87: Latvian Marine Liability Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 88: Latvian Marine Liability Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 89: Latvian Marine Liability Insurance - Written Premium (LVL Million), 2008-2012
Table 90: Latvian Marine Liability Insurance - Written Premium (LVL Million), 2012-2017
Table 91: Latvian Aviation Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 92: Latvian Aviation Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 93: Latvian Aviation Insurance - Written Premium (LVL Million), 2008-2012
Table 94: Latvian Aviation Insurance - Written Premium (LVL Million), 2012-2017
Table 95: Latvian Transit Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 96: Latvian Transit Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 97: Latvian Transit Insurance - Written Premium (LVL Million), 2008-2012
Table 98: Latvian Transit Insurance - Written Premium (LVL Million), 2012-2017
Table 99: Latvian Non-Life Insurance - Direct Marketing Commission Paid (LVL Million), 2008-2012
Table 100: Latvian Non-Life Insurance - Direct Marketing Commission Paid (LVL Million), 2012-2017
Table 101: Latvian Non-Life Insurance - Written Premium Through Direct Marketing (LVL Million), 2008-2012
Table 102: Latvian Non-Life Insurance - Written Premium Through Direct Marketing (LVL Million), 2012-2017
Table 103: Latvian Non-Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2008-2012
Table 104: Latvian Non-Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2012-2017
Table 105: Latvian Non-Life Insurance - Number of Direct Marketing Distributors, 2008-2012
Table 106: Latvian Non-Life Insurance - Number of Direct Marketing Distributors, 2012-2017
Table 107: Latvian Non-Life Insurance - Bancassurance Commission Paid (LVL Million), 2008-2012
Table 108: Latvian Non-Life Insurance - Bancassurance Commission Paid (LVL Million), 2012-2017
Table 109: Latvian Non-Life Insurance - Written Premium Through Bancassurance (LVL Million), 2008-2012
Table 110: Latvian Non-Life Insurance - Written Premium Through Bancassurance (LVL Million), 2012-2017
Table 111: Latvian Non-Life Insurance - Policies Sold Through Bancassurance (Thousand), 2008-2012
Table 112: Latvian Non-Life Insurance - Policies Sold Through Bancassurance (Thousand), 2012-2017
Table 113: Latvian Non-Life Insurance - Number of Bancassurance Distributors, 2008-2012
Table 114: Latvian Non-Life Insurance - Number of Bancassurance Distributors, 2012-2017
Table 115: Latvian Non-Life Insurance - Commission Paid to Agencies (LVL Million), 2008-2012
Table 116: Latvian Non-Life Insurance - Commission Paid to Agencies (LVL Million), 2012-2017
Table 117: Latvian Non-Life Insurance - Written Premium Through Agencies (LVL Million), 2008-2012
Table 118: Latvian Non-Life Insurance - Written Premium Through Agencies (LVL Million), 2012-2017
Table 119: Latvian Non-Life Insurance - Policies Sold Through Agencies (Thousand), 2008-2012
Table 120: Latvian Non-Life Insurance - Policies Sold Through Agencies (Thousand), 2012-2017
Table 121: Latvian Non-Life Insurance - Number of Agencies, 2008-2012
Table 122: Latvian Non-Life Insurance - Number of Agencies, 2012-2017
Table 123: Latvian Non-Life Insurance - E-Commerce Commission Paid (LVL Million), 2008-2012
Table 124: Latvian Non-Life Insurance - E-Commerce Commission Paid (LVL Million), 2012-2017
Table 125: Latvian Non-Life Insurance - Written Premium Through E-Commerce (LVL Million), 2008-2012
Table 126: Latvian Non-Life Insurance - Written Premium Through E-Commerce (LVL Million), 2012-2017
Table 127: Latvian Non-Life Insurance - Policies Sold Through E-Commerce (Thousand), 2008-2012
Table 128: Latvian Non-Life Insurance - Policies Sold Through E-Commerce (Thousand), 2012-2017
Table 129: Latvian Non-Life Insurance - Number of E-Commerce Distributors, 2008-2012
Table 130: Latvian Non-Life Insurance - Number of E-Commerce Distributors, 2012-2017
Table 131: Latvian Non-Life Insurance - Commission Paid to Brokers (LVL Million), 2008-2012
Table 132: Latvian Non-Life Insurance - Commission Paid to Brokers (LVL Million), 2012-2017
Table 133: Latvian Non-Life Insurance - Written Premium Through Brokers (LVL Million), 2008-2012
Table 134: Latvian Non-Life Insurance - Written Premium Through Brokers (LVL Million), 2012-2017
Table 135: Latvian Non-Life Insurance - Policies Sold Through Brokers (Thousand), 2008-2012
Table 136: Latvian Non-Life Insurance - Policies Sold Through Brokers (Thousand), 2012-2017
Table 137: Latvian Non-Life Insurance - Number of Brokers, 2008-2012
Table 138: Latvian Non-Life Insurance - Number of Brokers, 2012-2017
Table 139: Latvian Non-Life Insurance - Commission Paid to Other Channels (LVL Million), 2008-2012
Table 140: Latvian Non-Life Insurance - Commission Paid to Other Channels (LVL Million), 2012-2017
Table 141: Latvian Non-Life Insurance - Written Premium Through Other Channels (LVL Million), 2008-2012
Table 142: Latvian Non-Life Insurance - Written Premium Through Other Channels (LVL Million), 2012-2017
Table 143: Latvian Non-Life Insurance - Policies Sold Through Other Channels (Thousand), 2008-2012
Table 144: Latvian Non-Life Insurance - Policies Sold Through Other Channels (Thousand), 2012-2017
Table 145: Latvian Non-Life Insurance - Number of Distributors in Other Channels, 2008-2012
Table 146: Latvian Non-Life Insurance - Number of Distributors in Other Channels, 2012-2017
Table 147: Reinsurance in Latvia by Category (LVL Million), 2008-2012
Table 148: Reinsurance in Latvia by Category (US$ Million), 2008-2012
Table 149: Reinsurance in Latvia by Category (LVL Million), 2012-2017
Table 150: Reinsurance in Latvia by Category (US$ Million), 2012-2017
Table 151: Latvian Premium Ceded to Reinsurance by Type of Insurance (LVL Million), 2008-2012
Table 152: Latvian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2008-2012
Table 153: Latvian Premium Ceded to Reinsurance by Type of Insurance (LVL Million), 2012-2017
Table 154: Latvian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2012-2017
Table 155: Latvian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 156: Latvian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 157: Latvia - Life Insurance Regulatory Framework
Table 158: Latvia - Property Insurance Regulatory Framework
Table 159: Latvia - Motor Insurance Regulatory Framework
Table 160: Latvia - Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
Table 161: Latvia - Corporate Tax Rates for the Financial Year 2013
Table 162: Latvia - Total Number of Insurance Companies, 2008-2012
Table 163: Companies Operating in the Latvian Non-Life Insurance Segment, 2012
Table 164: BTA Insurance Company SE, Key Facts
Table 165: BTA Insurance Company SE, Key Financials (LVL Million), 2008-2012
Table 166: If P&C Insurance AS Latvia, Key Facts
Table 167: If P&C Insurance AS Latvia, Key Financials (LVL Million), 2008-2012
Table 168: AAS Gjensidige Baltic, Key Facts
Table 169: AAS Gjensidige Baltic, Key Financials (LVL Million), 2008-2012
Table 170: Seesam Insurance AS Latvia, Key Facts
Table 171: Seesam Insurance AS Latvia, Key Financials (LVL Million), 2008-2012
Table 172: AAS Balta, Key Facts
Table 173: AAS Balta, Key Financials (LVL Million), 2008-2012
Table 174: Ergo Insurance SE Latvian Branch, Key Facts
Table 175: Ergo Insurance SE Latvian Branch, Key Financials (LVL Million), 2008-2012
Table 176: Baltikums, Key Facts
Table 177: Baltikums, Key Financials (LVL Million), 2008-2012
Table 178: Swedbank P&C Insurance AS Latvia, Key Facts
Table 179: Baltijas Apdrošinašanas Nams, Key Facts
Table 180: Baltijas Apdrošinašanas Nams, 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 - Non-Life Insurance Growth Trends (%), 2007-2017
Figure 5: Central and Eastern European Region - Non-Life Insurance Gross Written Premiums (US$ Billion), 2012
Figure 6: Central and Eastern European Region - Non-Life Insurance Premium per Capita (%), 2007-2017
Figure 7: Central and Eastern European Region - Non-Life Insurance Penetration (% of GDP), 2012 and 2017
Figure 8: Central and Eastern European Region - Non-Life Insurance Gross Written Premium Growth (%), 2008-2017
Figure 9: Central and Eastern European Region - Non-Life Insurance Gross Written Premium per Capita Growth (%), 2008-2017
Figure 10: Central and Eastern European Region - Non-Life Insurance Loss Ratios (%), 2012 and 2017
Figure 11: Central and Eastern European Region - Non-Life Insurance Combined Ratios (%), 2012 and 2017
Figure 12: Central and Eastern European Region - Non-Life Insurance Incurred Losses per Capita (US$), 2012 and 2017
Figure 13: Central and Eastern European Region - Non-Life Insurance Incurred Losses as a Percentage of GDP (%), 2012 and 2017
Figure 14: Central and Eastern European Region - Direct Marketing’s Share of Non-Life Insurance Gross Written Premium (%), 2008-2017
Figure 15: Central and Eastern European Region - E-Commerce’s Share of Non-Life Insurance Gross Written Premium (%), 2008-2017
Figure 16: Central and Eastern European Region - Insurance Brokers’ Share of Non-Life Insurance Gross Written Premium (%), 2008-2017
Figure 17: Central and Eastern European Region - Bancassurance’s Share of Non-Life Insurance Gross Written Premium (%), 2008-2017
Figure 18: Central and Eastern European Region - Agencies’ Share of Non-Life Insurance Gross Written Premium (%), 2008-2017
Figure 19: Latvian Insurance - Overall Written Premium by Segment (LVL Million), 2008-2017
Figure 20: Latvian Insurance - Dynamics by Segment, 2008-2017
Figure 21: Latvian Non-Life Insurance - Written Premium by Category (LVL Million), 2008-2017
Figure 22: Latvian Non-Life Insurance - Written Premium by Category (%), 2012 and 2017
Figure 23: Latvian Non-Life Insurance - Dynamics by Category (%), 2008-2017
Figure 24: Latvian Non-Life Insurance - Earned Premium (LVL Million), 2008-2012
Figure 25: Latvian Non-Life Insurance - Earned Premium (LVL Million), 2012-2017
Figure 26: Latvian Non-Life Insurance - Paid Claims by Category (LVL Million), 2008-2017
Figure 27: Latvian Non-Life Insurance - Incurred Loss by Category (LVL Million), 2008-2017
Figure 28: Latvian Non-Life Insurance - Loss Ratio (%), 2008-2012
Figure 29: Latvian Non-Life Insurance - Loss Ratio (%), 2012-2017
Figure 30: Latvian Non-Life Insurance - Commissions and Expenses (LVL Million), 2008-2012
Figure 31: Latvian Non-Life Insurance - Commissions and Expenses (LVL Million), 2012-2017
Figure 32: Latvian Non-Life Insurance - Combined Ratio (%), 2008-2012
Figure 33: Latvian Non-Life Insurance - Combined Ratio (%), 2012-2017
Figure 34: Latvian Non-Life Insurance - Fraud and Crimes (LVL Million), 2008-2012
Figure 35: Latvian Non-Life Insurance - Fraud and Crimes (LVL Million), 2012-2017
Figure 36: Latvian Non-Life Insurance - Total Assets (LVL Million), 2008-2012
Figure 37: Latvian Non-Life Insurance - Total Assets (LVL Million), 2012-2017
Figure 38: Latvian Non-Life Insurance - Total Investment Income (LVL Million), 2008-2012
Figure 39: Latvian Non-Life Insurance - Total Investment Income (LVL Million), 2012-2017
Figure 40: Latvian Non-Life Insurance - Retentions (LVL Million), 2008-2012
Figure 41: Latvian Non-Life Insurance - Retentions (LVL Million), 2012-2017
Figure 42: Latvian Non-Life Insurance - Investment Portfolio (LVL Million), 2008-2012
Figure 43: Latvian Non-Life Insurance - Investment Portfolio (% Share), 2008 and 2012
Figure 44: Latvian Non-Life Insurance - Penetration (%), 2008-2012
Figure 45: Latvian Non-Life Insurance - Number of Policies Sold (Million), 2008-2012
Figure 46: Latvian Non-Life Insurance - Number of Policies Sold (Million), 2012-2017
Figure 47: Latvian Non-Life Insurance - Premium Per Capita (LVL), 2008-2012
Figure 48: Latvian Property Insurance - Written Premium by Sub-Category (LVL Million), 2008-2017
Figure 49: Latvian Property Insurance - Dynamics by Sub-Category (%), 2008-2017
Figure 50: Latvian Property Insurance - Loss Ratio (%), 2008-2012
Figure 51: Latvian Property Insurance - Loss Ratio (%), 2012-2017
Figure 52: Latvian Fire and Allied Perils Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 53: Latvian Fire and Allied Perils Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 54: Latvian Fire and Allied Perils Insurance - Written Premium (LVL Million), 2008-2012
Figure 55: Latvian Fire and Allied Perils Insurance - Written Premium (LVL Million), 2012-2017
Figure 56: Latvian Engineering Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 57: Latvian Engineering Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 58: Latvian Engineering Insurance - Written Premium (LVL Million), 2008-2012
Figure 59: Latvian Engineering Insurance - Written Premium (LVL Million), 2012-2017
Figure 60: Latvian Other Property Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 61: Latvian Other Property Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 62: Latvian Other Property Insurance - Written Premium (LVL Million), 2008-2012
Figure 63: Latvian Other Property Insurance - Written Premium (LVL Million), 2012-2017
Figure 64: Latvian Motor Insurance - Written Premium by Sub-Category (LVL Million), 2008-2017
Figure 65: Latvian Motor Insurance - Dynamics by Sub-Category (%), 2008-2017
Figure 66: Latvian Motor Insurance - Loss Ratio (%), 2008-2012
Figure 67: Latvian Motor Insurance - Loss Ratio (%), 2012-2017
Figure 68: Latvian Motor Hull Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 69: Latvian Motor Hull Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 70: Latvian Motor Hull Insurance - Written Premium (LVL Million), 2008-2012
Figure 71: Latvian Motor Hull Insurance - Written Premium (LVL Million), 2012-2017
Figure 72: Latvian Motor Liability Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 73: Latvian Motor Liability Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 74: Latvian Motor Liability Insurance - Written Premium (LVL Million), 2008-2012
Figure 75: Latvian Motor Liability Insurance - Written Premium (LVL Million), 2012-2017
Figure 76: Latvian General Liability Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 77: Latvian General Liability Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 78: Latvian General Liability Insurance - Written Premium (LVL Million), 2008-2012
Figure 79: Latvian General Liability Insurance - Written Premium (LVL Million), 2012-2017
Figure 80: Latvian General Liability Insurance - Loss Ratio (%), 2008-2012
Figure 81: Latvian General Liability Insurance - Loss Ratio (%), 2012-2017
Figure 82: Latvian Marine, Aviation and Transit Insurance - Written Premium by Sub-Category (LVL Million), 2008-2017
Figure 83: Latvian Marine, Aviation and Transit Insurance - Dynamics by Sub-Category (%), 2008-2017
Figure 84: Latvian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2008-2012
Figure 85: Latvian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2012-2017
Figure 86: Latvian Marine Insurance - Written Premium by Policy (LVL Million), 2008-2017
Figure 87: Latvian Marine Insurance - Dynamics by Policy (%), 2008-2017
Figure 88: Latvian Marine Hull Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 89: Latvian Marine Hull Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 90: Latvian Marine Hull Insurance - Written Premium (LVL Million), 2008-2012
Figure 91: Latvian Marine Hull Insurance - Written Premium (LVL Million), 2012-2017
Figure 92: Latvian Marine Liability Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 93: Latvian Marine Liability Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 94: Latvian Marine Liability Insurance - Written Premium (LVL Million), 2008-2012
Figure 95: Latvian Marine Liability Insurance - Written Premium (LVL Million), 2012-2017
Figure 96: Latvian Aviation Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 97: Latvian Aviation Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 98: Latvian Aviation Insurance - Written Premium (LVL Million), 2008-2012
Figure 99: Latvian Aviation Insurance - Written Premium (LVL Million), 2012-2017
Figure 100: Latvian Transit Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 101: Latvian Transit Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 102: Latvian Transit Insurance - Written Premium (LVL Million), 2008-2012
Figure 103: Latvian Transit Insurance - Written Premium (LVL Million), 2012-2017
Figure 104: Latvian Non-Life Insurance - Written Premium by Distribution Channel (% Share), 2012 and 2017
Figure 105: Latvian Non-Life Insurance - Direct Marketing Commission Paid (LVL Million), 2008-2012
Figure 106: Latvian Non-Life Insurance - Direct Marketing Commission Paid (LVL Million), 2012-2017
Figure 107: Latvian Non-Life Insurance - Written Premium Through Direct Marketing (LVL Million), 2008-2012
Figure 108: Latvian Non-Life Insurance - Written Premium Through Direct Marketing (LVL Million), 2012-2017
Figure 109: Latvian Non-Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2008-2012
Figure 110: Latvian Non-Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2012-2017
Figure 111: Latvian Non-Life Insurance - Number of Direct Marketing Distributors, 2008-2012
Figure 112: Latvian Non-Life Insurance - Number of Direct Marketing Distributors, 2012-2017
Figure 113: Latvian Non-Life Insurance - Bancassurance Commission Paid (LVL Million), 2008-2012
Figure 114: Latvian Non-Life Insurance - Bancassurance Commission Paid (LVL Million), 2012-2017
Figure 115: Latvian Non-Life Insurance - Written Premium Through Bancassurance (LVL Million), 2008-2012
Figure 116: Latvian Non-Life Insurance - Written Premium Through Bancassurance (LVL Million), 2012-2017
Figure 117: Latvian Non-Life Insurance - Policies Sold Through Bancassurance (Thousand), 2008-2012
Figure 118: Latvian Non-Life Insurance - Policies Sold Through Bancassurance (Thousand), 2012-2017
Figure 119: Latvian Non-Life Insurance - Number of Bancassurance Distributors, 2008-2012
Figure 120: Latvian Non-Life Insurance - Number of Bancassurance Distributors, 2012-2017

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