Research and Markets: Life Insurance in Lithuania, Key Trends and Opportunities to 2017

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/2b4mzt/life_insurance_in) has announced the addition of the "Life Insurance in Lithuania, Key Trends and Opportunities to 2017" report to their offering.

Life insurance was the second-largest segment in the Lithuanian insurance industry in 2012, accounting for 32.1% of the industry's total written premiums. The segment's written premium increased at a compound annual growth rate (CAGR) of 1.8%. The segment is expected to post a forecast-period (2012-2017) CAGR of 7.1%. Segment growth was primarily attributed to an increase in the country's ageing population, the rise in disposable income levels and a greater demand for traditional life insurance products, such as individual life. Agencies and bancassurance were the main distribution channels for life insurance products in Lithuania, respectively accounting for 46.0% and 31.0% of the written premium generated through new business in 2012.

Key Highlights

  • Life insurance was the second-largest segment in the Lithuanian insurance industry in 2012, accounting for 32.1% of the industry's total written premiums.
  • The growth in traditional life insurance products, including individual life, pension, and superannuation life insurance, led to the segment's strong performance.
  • Agencies and bancassurance were the most popular distribution channels for life insurance, with agencies accounting for 46.0% of the written premium generated through new business in the segment during the review period. Bancassurance represented 31.0%.
  • The Lithuanian life insurance segment is highly consolidated, with the 10 leading insurers representing 99.9% of the segment's written premium in 2012.
  • Many life insurers prefer direct marketing due to its cost-effective benefits.

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Regional Market Dynamics

4 Life Insurance - Regional Benchmarking

5 Lithuanian Insurance Industry Attractiveness

6 Life Insurance Outlook

7 Analysis by Distribution Channel

8 Porter's Five Forces Analysis - Lithuanian Life Insurance

9 Reinsurance Growth Dynamics and Challenges

10 Governance, Risk and Compliance

11 Competitive Landscape and Strategic Insights

12 Business Environment and Country Risk

13 Appendix

Companies Mentioned

  • Amplico Life filialas
  • Aviva Lietuva
  • Bonum Publicum
  • Compensa Life Vienna Insurance Group
  • Ergo Life Insurance SE
  • Mandatum Life Insurance Baltic SE
  • Nordea Life Assurance Finland Ltd
  • PZU Lietuva gyvybes draudimas
  • SEB Gyvybes draudimas
  • Swedbank Life Insurance SE

For more information visit http://www.researchandmarkets.com/research/2b4mzt/life_insurance_in

Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Life Insurance

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Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Life Insurance