Non-Life Insurance in Latvia, Key Trends and Opportunities to 2018

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Date: 30-Sep-2015
No. of pages: 230
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Synopsis

Timetric's 'Non-Life Insurance in the Latvia, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Latvian non-life insurance segment.

It provides values of a number of Key Performance Indicators (KPI) such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009-2013) and forecast period (2013-2018). The report also analyzes distribution channels operating in the segment, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Summary

Timetric's 'Non-Life Insurance in the Latvia, Key Trends and Opportunities to 2018' 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 category

• Key trends, drivers and challenges 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

• Details of regulatory policy applicable to the Latvian insurance industry

Scope

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

• It provides historical values for the Latvian non-life insurance segment for the report's 2009-2013 review period, and projected figures for the 2013-2018 forecast period.

• It offers a detailed analysis of the key categories in Latvia's non-life insurance segment, along with market forecasts until 2018.

• 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 Latvia.

• It profiles the top non-life insurance companies in Latvia and outlines the key regulations affecting them.

Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Latvian non-life insurance segment and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Latvian non-life insurance segment.

• Assess the competitive dynamics in the non-life insurance segment.

• Identify growth opportunities and market dynamics in key product categories.

• Gain insights into key regulations governing the Latvian insurance industry and their impact on companies and the industry's future.

Key Highlights

• Latvia's non-life segment posted a review-period CAGR of 7.25%, primarily due to the country's economic recovery.

• The non-life segment is expected to register a forecast-period CAGR of 5.5%.

• The segment was led by the motor insurance category, followed by marine, aviation and transit, property and liability insurance.

• Latvia's entry to the eurozone on January 1, 2014 is expected to help improve the country's business environment over the forecast period.

• Penetration is expected to remain under 1% over the forecast period.

• Growth in exports has increased the number of transit insurance policies.

• The property insurance category recorded a review-period CAGR of 6.48%.

Non-Life Insurance in Latvia, Key Trends and Opportunities to 2018

Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Latvian Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009-2018
5 Non-Life Insurance Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Non-Life Insurance Growth Prospects by Category
5.5 Property Insurance
5.5.1 Fire and allied perils insurance
5.5.2 Engineering insurance
5.5.3 Other property insurance
5.6 Motor Insurance
5.6.1 Motor hull insurance
5.6.2 Motor third-party insurance
5.7 Liability Insurance
5.8 Marine, Aviation and Transit Insurance
5.8.1 Marine insurance
5.8.2 Marine hull insurance
5.8.3 Marine liability insurance
5.8.4 Aviation insurance
5.8.5 Aviation hull insurance
5.8.6 Aviation liability insurance
5.8.7 Transit insurance
6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-Commerce
6.5 Brokers
6.6 Other Channels
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulations
7.3 Regulations and market practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability Insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Motor third-party liability insurance
7.4.2 Air carriers and aircraft operators insurance
7.4.3 Professional indemnity insurance for alternative investment fund managers
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors (IAIS)
7.5.2 European Insurance and Occupational Pensions Authority (EIOPA)
7.5.3 Financial and Capital Market Commission (FCMC)
7.6 Non-Admitted Insurance Regulations
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and penalties
7.7 Company Registration and Operations
7.7.1 Types of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margins
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Withholding taxes on premium paid overseas
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution (ADR)
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Key insurers in the Latvian Non-Life Insurance Segment
8.3 BTA Insurance Company SE - Company Overview
8.4 If P&C Insurance AS Latvia - Company Overview
8.5 AAS Gjensidige Baltic - Company Overview
8.6 Compensa Life Vienna Insurance Group SE - Company Overview
8.7 Seesam Insurance AS Latvia - Company Overview
8.8 AAS Balta - Company Overview
8.9 Ergo Insurance SE Latvian Branch - Company Overview
8.1 AAS Baltikums - Company Overview
8.11 Swedbank P&C Insurance AS Latvia - Company Overview
8.12 Baltijas Apdro?in??anas Nams - Company Overview
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer


List of Tables
Table 1: Latvian Non-Life Insurance - Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Latvian Insurance Industry - Gross Written Premium by Segment (EUR Million), 2009-2013
Table 4: Latvian Insurance Industry - Gross Written Premium by Segment (US$ Million), 2009-2013
Table 5: Latvian Insurance Industry - Gross Written Premium by Segment (EUR Million), 2013-2018
Table 6: Latvian Insurance Industry - Gross Written Premium by Segment (US$ Million), 2013-2018
Table 7: Latvian Insurance Industry - Gross Written Premium by Segment (Percentage Share), 2009-2018
Table 8: Latvian Insurance Industry - Direct Written Premium by Segment (EUR Million), 2009-2013
Table 9: Latvian Insurance Industry - Direct Written Premium by Segment (US$ Million), 2009-2013
Table 10: Latvian Insurance Industry - Direct Written Premium by Segment (EUR Million), 2013-2018
Table 11: Latvian Insurance Industry - Direct Written Premium by Segment (US$ Million), 2013-2018
Table 12: Latvian Insurance Industry - Direct Written Premium by Segment (Percentage Share), 2009-2018
Table 13: Latvian Non-Life Insurance - Gross Written Premium by Category (EUR Million), 2009-2013
Table 14: Latvian Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013
Table 15: Latvian Non-Life Insurance - Gross Written Premium by Category (EUR Million), 2013-2018
Table 16: Latvian Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018
Table 17: Latvian Non-Life Insurance - Direct Written Premium by Category (EUR Million), 2009-2013
Table 18: Latvian Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2009-2013
Table 19: Latvian Non-Life Insurance - Direct Written Premium by Category (EUR Million), 2013-2018
Table 20: Latvian Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2013-2018
Table 21: Latvian Non-Life Insurance - Earned Premium (EUR Million), 2009-2013
Table 22: Latvian Non-Life Insurance - Earned Premium (EUR Million), 2013-2018
Table 23: Latvian Non-Life Insurance - Paid Claims by Category (EUR Million), 2009-2013
Table 24: Latvian Non-Life Insurance - Paid Claims by Category (US$ Million), 2009-2013
Table 25: Latvian Non-Life Insurance - Paid Claims by Category (EUR Million), 2013-2018
Table 26: Latvian Non-Life Insurance - Paid Claims by Category (US$ Million), 2013-2018
Table 27: Latvian Non-Life Insurance - Incurred Loss by Category (EUR Million), 2009-2013
Table 28: Latvian Non-Life Insurance - Incurred Loss by Category (US$ Million), 2009-2013
Table 29: Latvian Non-Life Insurance - Incurred Loss by Category (EUR Million), 2013-2018
Table 30: Latvian Non-Life Insurance - Incurred Loss by Category (US$ Million), 2013-2018
Table 31: Latvian Non-Life Insurance - Retentions by Category (EUR Million), 2009-2013
Table 32: Latvian Non-Life Insurance - Retentions by Category (US$ Million), 2009-2013
Table 33: Latvian Non-Life Insurance - Retentions by Category (EUR Million), 2013-2018
Table 34: Latvian Non-Life Insurance - Retentions by Category (US$ Million), 2013-2018
Table 35: Latvian Non-Life Insurance - Loss Ratio (%), 2009-2013
Table 36: Latvian Non-Life Insurance - Loss Ratio (%), 2013-2018
Table 37: Latvian Non-Life Insurance - Commissions and Expenses (EUR Million), 2009-2013
Table 38: Latvian Non-Life Insurance - Commissions and Expenses (EUR Million), 2013-2018
Table 39: Latvian Non-Life Insurance - Combined Ratio (%), 2009-2013
Table 40: Latvian Non-Life Insurance - Combined Ratio (%), 2013-2018
Table 41: Latvian Non-Life Insurance - Fraud and Crime (EUR Million), 2009-2013
Table 42: Latvian Non-Life Insurance - Fraud and Crime (EUR Million), 2013-2018
Table 43: Latvian Non-Life Insurance - Total Assets (EUR Million), 2009-2013
Table 44: Latvian Non-Life Insurance - Total Assets (EUR Million), 2013-2018
Table 45: Latvian Non-Life Insurance - Total Investment Income (EUR Million), 2009-2013
Table 46: Latvian Non-Life Insurance - Total Investment Income (EUR Million), 2013-2018
Table 47: Latvian Non-Life Insurance - Retentions (EUR Million), 2009-2013
Table 48: Latvian Non-Life Insurance - Retentions (EUR Million), 2013-2018
Table 49: Latvian Property Insurance - Gross Written Premium by Sub-Category (EUR Million), 2009-2013
Table 50: Latvian Property Insurance - Gross Written Premium by Sub-Category (US$ Million), 2009-2013
Table 51: Latvian Property Insurance - Gross Written Premium by Sub-Category (EUR Million), 2013-2018
Table 52: Latvian Property Insurance - Gross Written Premium by Sub-Category (US$ Million), 2013-2018
Table 53: Latvian Property Insurance - Direct Written Premium by Sub-Category (EUR Million), 2009-2013
Table 54: Latvian Property Insurance - Direct Written Premium by Sub-Category (US$ Million), 2009-2013
Table 55: Latvian Property Insurance - Direct Written Premium by Sub-Category (EUR Million), 2013-2018
Table 56: Latvian Property Insurance - Direct Written Premium by Sub-Category (US$ Million), 2013-2018
Table 57: Latvian Property Insurance - Loss Ratio (%), 2009-2013
Table 58: Latvian Property Insurance - Loss Ratio (%), 2013-2018
Table 59: Latvian Fire and Allied Perils Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 60: Latvian Fire and Allied Perils Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 61: Latvian Fire and Allied Perils Insurance - Gross Written Premium (EUR Million), 2009-2013
Table 62: Latvian Fire and Allied Perils Insurance - Gross Written Premium (EUR Million), 2013-2018
Table 63: Latvian Engineering Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 64: Latvian Engineering Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 65: Latvian Engineering Insurance - Gross Written Premium (EUR Million), 2009-2013
Table 66: Latvian Engineering Insurance - Gross Written Premium (EUR Million), 2013-2018
Table 67: Latvian Other Property Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 68: Latvian Other Property Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 69: Latvian Other Property Insurance - Gross Written Premium (EUR Million), 2009-2013
Table 70: Latvian Other Property Insurance - Gross Written Premium (EUR Million), 2013-2018
Table 71: Latvian Motor Insurance - Gross Written Premium by Sub-Category (EUR Million), 2009-2013
Table 72: Latvian Motor Insurance - Gross Written Premium by Sub-Category (US$ Million), 2009-2013
Table 73: Latvian Motor Insurance - Gross Written Premium by Sub-Category (EUR Million), 2013-2018
Table 74: Latvian Motor Insurance - Gross Written Premium by Sub-Category (US$ Million), 2013-2018
Table 75: Latvian Motor Insurance - Direct Written Premium by Sub-Category (EUR Million), 2009-2013
Table 76: Latvian Motor Insurance - Direct Written Premium by Sub-Category (US$ Million), 2009-2013
Table 77: Latvian Motor Insurance - Direct Written Premium by Sub-Category (EUR Million), 2013-2018
Table 78: Latvian Motor Insurance - Direct Written Premium by Sub-Category (US$ Million), 2013-2018
Table 79: Latvian Motor Insurance - Loss Ratio (%), 2009-2013
Table 80: Latvian Motor Insurance - Loss Ratio (%), 2013-2018
Table 81: Latvian Motor Hull Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 82: Latvian Motor Hull Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 83: Latvian Motor Hull Insurance - Gross Written Premium (EUR Million), 2009-2013
Table 84: Latvian Motor Hull Insurance - Gross Written Premium (EUR Million), 2013-2018
Table 85: Latvian Motor Third-Party Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 86: Latvian Motor Third-Party Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 87: Latvian Motor Third-Party Insurance - Gross Written Premium (EUR Million), 2009-2013
Table 88: Latvian Motor Third-Party Insurance - Gross Written Premium (EUR Million), 2013-2018
Table 89: Latvian Liability Insurance - Written Premium (EUR Million), 2009-2013
Table 90: Latvian Liability Insurance - Written Premium (EUR Million), 2013-2018
Table 91: Latvian Liability Insurance - Loss Ratio (%), 2009-2013
Table 92: Latvian Liability Insurance - Loss Ratio (%), 2013-2018
Table 93: Latvian Liability Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 94: Latvian Liability Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 95: Latvian Marine, Aviation and Transit Insurance - Gross Written Premium by Sub-Category (EUR Million), 2009-2013
Table 96: Latvian Marine, Aviation and Transit Insurance - Gross Written Premium by Sub-Category (US$ Million), 2009-2013
Table 97: Latvian Marine, Aviation and Transit Insurance - Gross Written Premium by Sub-Category (EUR Million), 2013-2018
Table 98: Latvian Marine, Aviation and Transit Insurance - Gross Written Premium by Sub-Category (US$ Million), 2013-2018
Table 99: Latvian Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (EUR Million), 2009-2013
Table 100: Latvian Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (US$ Million), 2009-2013
Table 101: Latvian Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (EUR Million), 2013-2018
Table 102: Latvian Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (US$ Million), 2013-2018
Table 103: Latvian Marine Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 104: Latvian Marine Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 105: Latvian Marine Insurance - Gross Written Premium (EUR Million), 2009-2013
Table 106: Latvian Marine Insurance - Gross Written Premium (EUR Million), 2013-2018
Table 107: Latvian Aviation Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 108: Latvian Aviation Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 109: Latvian Aviation Insurance - Gross Written Premium (EUR Million), 2009-2013
Table 110: Latvian Aviation Insurance - Gross Written Premium (EUR Million), 2013-2018
Table 111: Latvian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2009-2013
Table 112: Latvian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2013-2018
Table 113: Latvian Marine Insurance - Gross Written Premium by Policy Type (EUR Million), 2009-2013
Table 114: Latvian Marine Insurance - Gross Written Premium by Policy Type (US$ Million), 2009-2013
Table 115: Latvian Marine Insurance - Gross Written Premium by Policy Type (EUR Million), 2013-2018
Table 116: Latvian Marine Insurance - Gross Written Premium by Policy Type (US$ Million), 2013-2018
Table 117: Latvian Marine Hull Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 118: Latvian Marine Hull Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 119: Latvian Marine Hull Insurance - Gross Written Premium (EUR Million), 2009-2013
Table 120: Latvian Marine Hull Insurance - Gross Written Premium (EUR Million), 2013-2018
Table 121: Latvian Marine Liability Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 122: Latvian Marine Liability Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 123: Latvian Marine Liability Insurance - Gross Written Premium (EUR Million), 2009-2013
Table 124: Latvian Marine Liability Insurance - Gross Written Premium (EUR Million), 2013-2018
Table 125: Latvian Aviation Insurance - Gross Written Premium by Policy Type (EUR Million), 2009-2013
Table 126: Latvian Aviation Insurance - Gross Written Premium by Policy Type (US$ Million), 2009-2013
Table 127: Latvian Aviation Insurance - Gross Written Premium by Policy Type (EUR Million), 2013-2018
Table 128: Latvian Aviation Insurance - Gross Written Premium by Policy Type (US$ Million), 2013-2018
Table 129: Latvian Aviation Hull Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 130: Latvian Aviation Hull Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 131: Latvian Aviation Hull Insurance - Gross Written Premium (EUR Million), 2009-2013
Table 132: Latvian Aviation Hull Insurance - Gross Written Premium (EUR Million), 2013-2018
Table 133: Latvian Aviation Liability Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 134: Latvian Aviation Liability Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 135: Latvian Aviation Liability Insurance - Gross Written Premium (EUR Million), 2009-2013
Table 136: Latvian Aviation Liability Insurance - Gross Written Premium (EUR Million), 2013-2018
Table 137: Latvian Transit Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 138: Latvian Transit Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 139: Latvian Transit Insurance - Gross Written Premium (EUR Million), 2009-2013
Table 140: Latvian Transit Insurance - Gross Written Premium (EUR Million), 2013-2018
Table 141: Latvian Non-Life Insurance - Direct Marketing Commission Paid (EUR Million), 2009-2013
Table 142: Latvian Non-Life Insurance - Direct Marketing Commission Paid (EUR Million), 2013-2018
Table 143: Latvian Non-Life Insurance - Direct Marketing Gross Written Premium (EUR Million), 2009-2013
Table 144: Latvian Non-Life Insurance - Direct Marketing Gross Written Premium (EUR Million), 2013-2018
Table 145: Latvian Non-Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2009-2013
Table 146: Latvian Non-Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2013-2018
Table 147: Latvian Non-Life Insurance - Number of Direct Marketing Distributors, 2009-2013
Table 148: Latvian Non-Life Insurance - Number of Direct Marketing Distributors, 2013-2018
Table 149: Latvian Non-Life Insurance - Bancassurance Commission Paid (EUR Million), 2009-2013
Table 150: Latvian Non-Life Insurance - Bancassurance Commission Paid (EUR Million), 2013-2018
Table 151: Latvian Non-Life Insurance - Bancassurance Gross Written Premium (EUR Million), 2009-2013
Table 152: Latvian Non-Life Insurance - Bancassurance Gross Written Premium (EUR Million), 2013-2018
Table 153: Latvian Non-Life Insurance - Policies Sold Through Bancassurance (Thousand), 2009-2013
Table 154: Latvian Non-Life Insurance - Policies Sold Through Bancassurance (Thousand), 2013-2018
Table 155: Latvian Non-Life Insurance - Number of Bancassurance Distributors, 2009-2013
Table 156: Latvian Non-Life Insurance - Number of Bancassurance Distributors, 2013-2018
Table 157: Latvian Non-Life Insurance - Commission Paid to Agencies' (EUR Million), 2009-2013
Table 158: Latvian Non-Life Insurance - Commission Paid to Agencies' (EUR Million), 2013-2018
Table 159: Latvian Non-Life Insurance - Agencies' Gross Written Premium (EUR Million), 2009-2013
Table 160: Latvian Non-Life Insurance - Agencies' Gross Written Premium (EUR Million), 2013-2018
Table 161: Latvian Non-Life Insurance - Policies Sold Through Agencies' (Thousand), 2009-2013
Table 162: Latvian Non-Life Insurance - Policies Sold Through Agencies' (Thousand), 2013-2018
Table 163: Latvian Non-Life Insurance - Number of Agencies', 2009-2013
Table 164: Latvian Non-Life Insurance - Number of Agencies', 2013-2018
Table 165: Latvian Non-Life Insurance - E-Commerce Commission Paid (EUR Million), 2009-2013
Table 166: Latvian Non-Life Insurance - E-Commerce Commission Paid (EUR Million), 2013-2018
Table 167: Latvian Non-Life Insurance - E-Commerce Gross Written Premium (EUR Million), 2009-2013
Table 168: Latvian Non-Life Insurance - E-Commerce Gross Written Premium (EUR Million), 2013-2018
Table 169: Latvian Non-Life Insurance - Policies Sold Through E-Commerce (Thousand), 2009-2013
Table 170: Latvian Non-Life Insurance - Policies Sold Through E-Commerce (Thousand), 2013-2018
Table 171: Latvian Non-Life Insurance - Number of E-Commerce Distributors, 2009-2013
Table 172: Latvian Non-Life Insurance - Number of E-Commerce Distributors, 2013-2018
Table 173: Latvian Non-Life Insurance - Commission Paid to Brokers' (EUR Million), 2009-2013
Table 174: Latvian Non-Life Insurance - Commission Paid to Brokers' (EUR Million), 2013-2018
Table 175: Latvian Non-Life Insurance - Brokers' Gross Written Premium (EUR Million), 2009-2013
Table 176: Latvian Non-Life Insurance - Brokers' Gross Written Premium (EUR Million), 2013-2018
Table 177: Latvian Non-Life Insurance - Policies Sold Through Brokers' (Thousand), 2009-2013
Table 178: Latvian Non-Life Insurance - Policies Sold Through Brokers' (Thousand), 2013-2018
Table 179: Latvian Non-Life Insurance - Number of Brokers', 2009-2013
Table 180: Latvian Non-Life Insurance - Number of Brokers', 2013-2018
Table 181: Latvian Non-Life Insurance - Commission Paid to Other Channels (EUR Million), 2009-2013
Table 182: Latvian Non-Life Insurance - Commission Paid to Other Channels (EUR Million), 2013-2018
Table 183: Latvian Non-Life Insurance - Other Channels Gross Written Premium (EUR Million), 2009-2013
Table 184: Latvian Non-Life Insurance - Other Channels Gross Written Premium (EUR Million), 2013-2018
Table 185: Latvian Non-Life Insurance - Policies Sold Through Other Channels (Thousand), 2009-2013
Table 186: Latvian Non-Life Insurance - Policies Sold Through Other Channels (Thousand), 2013-2018
Table 187: Latvian Non-Life Insurance - Number of Distributors in Other Channels, 2009-2013
Table 188: Latvian Non-Life Insurance - Number of Distributors in Other Channels, 2013-2018
Table 189: Latvia - Life Insurance Regulatory Framework
Table 190: Latvia - Property Insurance Regulatory Framework
Table 191: Latvia - Motor Insurance Regulatory Framework
Table 192: Latvia - Liability Insurance Regulatory Framework
Table 193: Latvia - Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
Table 194: Latvia - Corporate Tax Rates for the Financial Year 2015
Table 195: Latvian Non-Life Insurance - List of Non-Life Insurers, 2013


List of Figures
Figure 1: Latvian Insurance Industry - Gross Written Premium by Segment (EUR Million), 2009-2018
Figure 2: Latvian Insurance Industry - Gross Written Premium Dynamics by Segment, 2009-2018
Figure 3: Latvian Insurance Industry - Direct Written Premium by Segment (EUR Million), 2009-2018
Figure 4: Latvian Insurance Industry - Direct Written Premium Dynamics by Segment 2009-2018
Figure 5: Latvian Non-Life Insurance - Gross Written Premium by Category (EUR Million), 2009-2018
Figure 6: Latvian Non-Life Insurance - Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 7: Latvian Non-Life Insurance - Gross Written Premium Dynamics by Category (%), 2009-2018
Figure 8: Latvian Non-Life Insurance - Direct Written Premium by Category (EUR Million), 2009-2018
Figure 9: Latvian Non-Life Insurance - Direct Written Premium by Category (Percentage Share), 2013 and 2018
Figure 10: Latvian Non-Life Insurance - Direct Written Premium Dynamics by Category (%), 2009-2018
Figure 11: Latvian Non-Life Insurance - Earned Premium (EUR Million), 2009-2013
Figure 12: Latvian Non-Life Insurance - Earned Premium (EUR Million), 2013-2018
Figure 13: Latvian Non-Life Insurance - Paid Claims by Category (EUR Million), 2009-2018
Figure 14: Latvian Non-Life Insurance - Incurred Loss by Category (EUR Million), 2009-2018
Figure 15: Latvian Non-Life Insurance - Retentions by Category (EUR Million), 2009-2018
Figure 16: Latvian Non-Life Insurance - Loss Ratio (%), 2009-2013
Figure 17: Latvian Non-Life Insurance - Loss Ratio (%), 2013-2018
Figure 18: Latvian Non-Life Insurance - Commissions and Expenses (EUR Million), 2009-2013
Figure 19: Latvian Non-Life Insurance - Commissions and Expenses (EUR Million), 2013-2018
Figure 20: Latvian Non-Life Insurance - Combined Ratio (%), 2009-2013
Figure 21: Latvian Non-Life Insurance - Combined Ratio (%), 2013-2018
Figure 22: Latvian Non-Life Insurance - Fraud and Crime (EUR Million), 2009-2013
Figure 23: Latvian Non-Life Insurance - Fraud and Crime (EUR Million), 2013-2018
Figure 24: Latvian Non-Life Insurance - Total Assets (EUR Million), 2009-2013
Figure 25: Latvian Non-Life Insurance - Total Assets (EUR Million), 2013-2018
Figure 26: Latvian Non-Life Insurance - Total Investment Income (EUR Million), 2009-2013
Figure 27: Latvian Non-Life Insurance - Total Investment Income (EUR Million), 2013-2018
Figure 28: Latvian Non-Life Insurance - Retentions (EUR Million), 2009-2013
Figure 29: Latvian Non-Life Insurance - Retentions (EUR Million), 2013-2018
Figure 30: Latvian Non-Life Insurance - Investment Portfolio (EUR Million), 2009-2013
Figure 31: Latvian Non-Life Insurance - Investment Portfolio (Percentage Share), 2009 and 2013
Figure 32: Latvian Non-Life Insurance - Penetration (%), 2009-2013
Figure 33: Latvian Non-Life Insurance - Number of Policies Sold (Thousand), 2009-2013
Figure 34: Latvian Non-Life Insurance - Number of Policies Sold (Thousand), 2013-2018
Figure 35: Latvian Non-Life Insurance - Premium per Capita (EUR), 2009-2013
Figure 36: Latvian Property Insurance - Gross Written Premium by Sub-Category (EUR Million), 2009-2018
Figure 37: Latvian Property Insurance - Gross Written Premium Dynamics by Sub-Category (%), 2009-2018
Figure 38: Latvian Property Insurance - Direct Written Premium by Sub-Category (EUR Million), 2009-2018
Figure 39: Latvian Property Insurance - Direct Written Premium Dynamics by Sub-Category (%), 2009-2018
Figure 40: Latvian Property Insurance - Loss Ratio (%), 2009-2013
Figure 41: Latvian Property Insurance - Loss Ratio (%), 2013-2018
Figure 42: Latvian Fire and Allied Perils Insurance - Number of Policies Sold (Thousand), 2009-2013
Figure 43: Latvian Fire and Allied Perils Insurance - Number of Policies Sold (Thousand), 2013-2018
Figure 44: Latvian Fire and Allied Perils Insurance - Gross Written Premium (EUR Million), 2009-2013
Figure 45: Latvian Fire and Allied Perils Insurance - Gross Written Premium (EUR Million), 2013-2018
Figure 46: Latvian Engineering Insurance - Number of Policies Sold (Thousand), 2009-2013
Figure 47: Latvian Engineering Insurance - Number of Policies Sold (Thousand), 2013-2018
Figure 48: Latvian Engineering Insurance - Gross Written Premium (EUR Million), 2009-2013
Figure 49: Latvian Engineering Insurance - Gross Written Premium (EUR Million), 2013-2018
Figure 50: Latvian Other Property Insurance - Number of Policies Sold (Thousand), 2009-2013
Figure 51: Latvian Other Property Insurance - Number of Policies Sold (Thousand), 2013-2018
Figure 52: Latvian Other Property Insurance - Gross Written Premium (EUR Million), 2009-2013
Figure 53: Latvian Other Property Insurance - Gross Written Premium (EUR Million), 2013-2018
Figure 54: Latvian Motor Insurance - Gross Written Premium by Sub-Category (EUR Million), 2009-2018
Figure 55: Latvian Motor Insurance - Gross Written Premium Dynamics by Sub-Category, 2009-2018
Figure 56: Latvian Motor Insurance - Direct Written Premium by Sub-Category (EUR Million), 2009-2018
Figure 57: Latvian Motor Insurance - Direct Written Premium Dynamics by Sub-Category, 2009-2018
Figure 58: Latvian Motor Insurance - Loss Ratio (%), 2009-2013
Figure 59: Latvian Motor Insurance - Loss Ratio (%), 2013-2018
Figure 60: Latvian Motor Hull Insurance - Number of Policies Sold (Thousand), 2009-2013
Figure 61: Latvian Motor Hull Insurance - Number of Policies Sold (Thousand), 2013-2018
Figure 62: Latvian Motor Hull Insurance - Gross Written Premium (EUR Million), 2009-2013
Figure 63: Latvian Motor Hull Insurance - Gross Written Premium (EUR Million), 2013-2018
Figure 64: Latvian Motor Third-Party Insurance - Number of Policies Sold (Thousand), 2009-2013
Figure 65: Latvian Motor Third-Party Insurance - Number of Policies Sold (Thousand), 2013-2018
Figure 66: Latvian Motor Third-Party Insurance - Gross Written Premium (EUR Million), 2009-2013
Figure 67: Latvian Motor Third-Party Insurance - Gross Written Premium (EUR Million), 2013-2018
Figure 68: Latvian Liability Insurance - Written Premium (EUR Million), 2009-2013
Figure 69: Latvian Liability Insurance - Written Premium (EUR Million), 2013-2018
Figure 70: Latvian Liability Insurance - Loss Ratio (%), 2009-2013
Figure 71: Latvian Liability Insurance - Loss Ratio (%), 2013-2018
Figure 72: Latvian Liability Insurance - Number of Policies Sold (Thousand), 2009-2013
Figure 73: Latvian Liability Insurance - Number of Policies Sold (Thousand), 2013-2018
Figure 74: Latvian Marine, Aviation and Transit Insurance - Gross Written Premium by Sub-Category (EUR Million), 2009-2018
Figure 75: Latvian Marine, Aviation and Transit Insurance - Gross Written Premium Dynamics by Sub-Category (%), 2009-2018
Figure 76: Latvian Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (EUR Million), 2009-2018
Figure 77: Latvian Marine, Aviation and Transit Insurance - Direct Written Premium Dynamics by Sub-Category (%), 2009-2018
Figure 78: Latvian Marine Insurance - Number of Policies Sold (Thousand), 2009-2013
Figure 79: Latvian Marine Insurance - Number of Policies Sold (Thousand), 2013-2018
Figure 80: Latvian Marine Insurance - Gross Written Premium (EUR Million), 2009-2013
Figure 81: Latvian Marine Insurance - Gross Written Premium (EUR Million), 2013-2018
Figure 82: Latvian Aviation Insurance - Number of Policies Sold (Thousand), 2009-2013
Figure 83: Latvian Aviation Insurance - Number of Policies Sold (Thousand), 2013-2018
Figure 84: Latvian Aviation Insurance - Gross Written Premium (EUR Million), 2009-2013
Figure 85: Latvian Aviation Insurance - Gross Written Premium (EUR Million), 2013-2018
Figure 86: Latvian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2009-2013
Figure 87: Latvian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2013-2018
Figure 88: Latvian Marine Insurance - Gross Written Premium by Policy Type (EUR Million), 2009-2018
Figure 89: Latvian Marine Insurance - Gross Written Premium Dynamics by Policy Type (%), 2009-2018
Figure 90: Latvian Marine Hull Insurance - Number of Policies Sold (Thousand), 2009-2013
Figure 91: Latvian Marine Hull Insurance - Number of Policies Sold (Thousand), 2013-2018
Figure 92: Latvian Marine Hull Insurance - Gross Written Premium (EUR Million), 2009-2013
Figure 93: Latvian Marine Hull Insurance - Gross Written Premium (EUR Million), 2013-2018
Figure 94: Latvian Marine Liability Insurance - Number of Policies Sold (Thousand), 2009-2013
Figure 95: Latvian Marine Liability Insurance - Number of Policies Sold (Thousand), 2013-2018
Figure 96: Latvian Marine Liability Insurance - Gross Written Premium (EUR Million), 2009-2013
Figure 97: Latvian Marine Liability Insurance - Gross Written Premium (EUR Million), 2013-2018
Figure 98: Latvian Aviation Insurance - Gross Written Premium by Policy Type (EUR Million), 2009-2018
Figure 99: Latvian Aviation Insurance - Gross Written Premium Dynamics by Policy Type (%), 2009-2018
Figure 100: Latvian Aviation Hull Insurance - Number of Policies Sold (Thousand), 2009-2013
Figure 101: Latvian Aviation Hull Insurance - Number of Policies Sold (Thousand), 2013-2018
Figure 102: Latvian Aviation Hull Insurance - Gross Written Premium (EUR Million), 2009-2013
Figure 103: Latvian Aviation Hull Insurance - Gross Written Premium (EUR Million), 2013-2018
Figure 104: Latvian Aviation Liability Insurance - Number of Policies Sold (Thousand), 2009-2013
Figure 105: Latvian Aviation Liability Insurance - Number of Policies Sold (Thousand), 2013-2018
Figure 106: Latvian Aviation Liability Insurance - Gross Written Premium (EUR Million), 2009-2013
Figure 107: Latvian Aviation Liability Insurance - Gross Written Premium (EUR Million), 2013-2018
Figure 108: Latvian Transit Insurance - Number of Policies Sold (Thousand), 2009-2013
Figure 109: Latvian Transit Insurance - Number of Policies Sold (Thousand), 2013-2018
Figure 110: Latvian Transit Insurance - Gross Written Premium (EUR Million), 2009-2013
Figure 111: Latvian Transit Insurance - Gross Written Premium (EUR Million), 2013-2018
Figure 112: Latvian Non-Life Insurance - Gross Written Premium by Distribution Channel (Percentage Share), 2013 and 2018
Figure 113: Latvian Non-Life Insurance - Direct Marketing Commission Paid (EUR Million), 2009-2013
Figure 114: Latvian Non-Life Insurance - Direct Marketing Commission Paid (EUR Million), 2013-2018
Figure 115: Latvian Non-Life Insurance - Direct Marketing Gross Written Premium (EUR Million), 2009-2013
Figure 116: Latvian Non-Life Insurance - Direct Marketing Gross Written Premium (EUR Million), 2013-2018
Figure 117: Latvian Non-Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2009-2013
Figure 118: Latvian Non-Life Insurance - Policies Sold Through Direct Marketing (Thousand), 2013-2018
Figure 119: Latvian Non-Life Insurance - Number of Direct Marketing Distributors, 2009-2013
Figure 120: Latvian Non-Life Insurance - Number of Direct Marketing Distributors, 2013-2018
Figure 121: Latvian Non-Life Insurance - Bancassurance Commission Paid (EUR Million), 2009-2013
Figure 122: Latvian Non-Life Insurance - Bancassurance Commission Paid (EUR Million), 2013-2018
Figure 123: Latvian Non-Life Insurance - Bancassurance Gross Written Premium (EUR Million), 2009-2013
Figure 124: Latvian Non-Life Insurance - Bancassurance Gross Written Premium (EUR Million), 2013-2018
Figure 125: Latvian Non-Life Insurance - Policies Sold Through Bancassurance (Thousand), 2009-2013
Figure 126: Latvian Non-Life Insurance - Policies Sold Through Bancassurance (Thousand), 2013-2018
Figure 127: Latvian Non-Life Insurance - Number of Bancassurance Distributors, 2009-2013
Figure 128: Latvian Non-Life Insurance - Number of Bancassurance Distributors, 2013-2018
Figure 129: Latvian Non-Life Insurance - Commission Paid to Agencies' (EUR Million), 2009-2013
Figure 130: Latvia
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