New market study, "Lithuania Insurance Report Q4 2015", has been published
New Financial Services market report from Business Monitor International: "Lithuania Insurance Report Q4 2015"
[ClickPress, Mon Sep 21 2015] Strong multi-national companies that can easily deal with the rising capital and regulatory requirements associated with the EU ' s Solvency II regime completely dominate both the non-life segment and the life segment of Lithuania ' s insurance sector. In the life segment, those households who can afford to save have been attracted to single premium and unit-linked products offered by the insurers. These households should continue to increase their demand for life insurance over the course of the forecast period. The life insurers have the capacity to develop and distribute attractive products. Changes in the competitive landscape of the non-life segment mean that the local subsidiaries of Polish major PZU (Lietuvos Draudimas) and Norway ' s Gjensidige Baltic (through its own subsidiary and the former PZU Lietuva) should account for about half of all non-life premiums written in 2015. Growth of the non-life market will continue to be constrained by competitive conditions (falling prices) in the motor vehicle and property insurance sub-sectors. We think that prospects are good for health insurance and, thanks to both rising volumes and prices, transport insurance during the forecast period .
Full Report Details at
The Lithuania Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.
BMI's Lithuania Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Lithuanian insurance industry.
* Benchmark BMI's independent insurance industry forecasts for Lithuania to test other views - a key input for successful budgeting and strategic business planning in Lithuania's insurance market.
* Target business opportunities and risks in Lithuania through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
* Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
BMI Industry View
Summary of BMI’s key industry forecasts and views, covering the Life and Non-Life segments, the evolving competitive landscape and business operational risks.
Industry SWOT Analysis
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