New Market Research Report: The Insurance Industry in Latvia, Key Trends and Opportunities to 2017

Fast Market Research recommends "The Insurance Industry in Latvia, Key Trends and Opportunities to 2017" from Timetric, now available

by Bill Thompson

(WireNews+Co) - Boston, MA - 18 March 2013

After recording negative growth in 2009 and 2010 due to the economic crisis, the Latvian insurance industry registered positive growth in 2011 with the revival of the economy. The key factors affecting the performance of the industry during the review period (2008-2012) included the country's poor economic situation and the increasing amount of risk being retained by insurers. The Latvian insurance industry decreased during the review period, primarily due to a decline in growth in the non-life insurance segment. The financial crisis, European debt crisis, and falls in equity and bond prices also had a negative effect. The life insurance segment in Latvia is highly underdeveloped. The segment is controlled predominantly by subsidiaries of giant multinationals.

View Full Report Details (http://www.fastmr.com/prod/545338_the_insurance_industry_in_latvia_key_trends_and.aspx?afid=201) (http://www.fastmr.com/prod/545338_the_insurance_industry_in_latvia_key_trends_and.aspx?afid=201)

Key Highlights

- After recording negative growth in 2009 and 2010 due to the economic crisis, the Latvian insurance industry registered positive growth in 2011 with the revival of the economy.
- The key factors affecting the performance of the industry during the review period (2008-2012) included the country's poor economic situation and the increasing amount of risk being retained by insurers.
- The Latvian insurance industry decreased during the review period, primarily due to a decline in growth in the non-life insurance segment.
- The financial crisis, European debt crisis, and falls in equity and bond prices also had a negative effect.
- The life insurance segment in Latvia is highly underdeveloped. The segment is controlled predominantly by subsidiaries of giant multinationals.

Scope

This report provides a comprehensive analysis of the insurance industry in Latvia:

- It provides historical values for the Latvian insurance industry for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
- It offers a detailed analysis of the key segments and categories in the Latvian insurance industry, along with industry forecasts until 2017
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
- It profiles the top insurance companies in Latvia and outlines the key regulations affecting them

Reasons to Purchase

- Make strategic business decisions using in depth historic and forecast industry data related to the Latvian insurance industry and each segment within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Latvian insurance industry
- Assess the competitive dynamics in the Latvian insurance industry
- Identify the growth opportunities and market dynamics within key segments
- Gain insights into key regulations governing the Latvian insurance industry and its impact on companies and the industry's future

Companies Mentioned in this Report: SEB dzīvības apdrosināsana, BTA Insurance Company, Gjensidige Baltic, AAS BALTA, If P&C Insurance AS

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