Latvia Insurance Report 2013 - New Market Research Report
Conditions remain fairly challenging in Latvia's insurance sector. The life sector is chronically underdeveloped - apparently because Latvians who are able to afford life insurance do not understand its benefits. In early 2012, the regulator intervened to close LKB Life, an affiliate of Latvijas Krajbanka, which had collapsed in November 2011. Although the life insurance company is able to meet its obligations to policyholders, this episode probably would not have helped public perceptions of life insurance. In fact, one of...
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