Just Released: "Non-Life Insurance in Lithuania, Key Trends and Opportunities to 2017"

Boston, MA -- (SBWire) -- 06/05/2014 --In terms of gross written premium, the non-life segment was the largest in the Lithuanian insurance industry during the review period (2008-2012) and accounted for 61.4% of the total insurance industry's written premium in 2012. Growth in the non-life segment was primarily supported by the compulsory nature of motor third-party liability insurance, and a rise in property insurance mainly due to frequent natural catastrophes in the country. Motor insurance was the leading category in the segment, accounting for 65.1% of the written premium in 2012, followed by property insurance with a 27.4% share, general third-party insurance with 6.5%, and marine, aviation and transit insurance with 1.0%.

Report Highlights

- In terms of gross written premium, the non-life segment was the largest in the Lithuanian insurance industry during the review period (2008-2012) and accounted for 61.4% of the total insurance industry's written premium in 2012.
- Motor insurance was the leading category in the non-life insurance segment in 2012, accounting for 65.1% of the written premium.
- Property insurance was the second-largest category in the non-life segment in 2012, accounting for 27.4% of the written premium.
- Non-life insurance penetration fell from 1.21% in 2008 to 0.97% in 2012.
- The segment is highly consolidated, with the 10 leading insurers representing 97.0% of the total non-life insurance segment in 2012.

View Full Report Details and Table of Contents

Report Scope

This report provides a comprehensive analysis of the non-life insurance segment in Lithuania:

- It provides historical values for Lithuania's non-life insurance segment for the report's 2008-2012 review period and projected figures for the 2012-2017 forecast period.
- It offers a detailed analysis of the key categiories in Lithuania's non-life insurance segment, along with market forecasts until 2017.
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
- It analyses the various distribution channels for non-life insurance products in Lithuania.
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Lithuania for the non-life insurance segment.
- It provides a detailed analysis of the reinsurance segment in Lithuania and its growth prospects.
- It profiles the top non-life insurance companies in Lithuania and outlines the key regulations affecting them.

Reasons to Get this Report

- Make strategic business decisions using in depth historic and forecast market data related to the Lithuanian non-life insurance segment and each category within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Lithuanian non-life insurance segment

Companies Mentioned in this Report: Lietuvos Draudimas, BTA Akcin?s Draudimo bendrov?s, Ergo Lietuva, PZU Lietuva, If P&C Insurance AS, AAS Gjensidige Baltic Lietuvos filialas, Compensa TU SA Vienna Insurance Group, Seesam Insurance AS, Lamantinas, Vereinigte Hagelversicherung VVaG

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Insurance research reports at Fast Market Research

You may also be interested in these related reports:

- Life Insurance in Russia, Key Trends and Opportunities to 2017
- Life Insurance in Austria, Key Trends and Opportunities to 2017: The Austrian life segment's written premium fell from EUR7.4 billion in 2008 to EUR6.5 billion in 2012.
- Non-Life Insurance in Austria, Key Trends and Opportunities to 2017: The Austrian non-life segments written premium value grew from EUR6.5 billion in 2008 to EUR7.1 billion in 2012.
- Personal Accident and Health Insurance in Thailand, Key Trends and Opportunities to 2017
- Life Insurance in South Africa, Key Trends and Opportunities to 2017
- Life Insurance in China, Key Trends and Opportunities to 2017
- Life Insurance in India, Key Trends and Opportunities to 2017
- Non-Life Insurance in Canada, Key Trends and Opportunities to 2017
- Non-Life Insurance in China, Key Trends and Opportunities to 2017
- Non-Life Insurance in India, Key Trends and Opportunities to 2017