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Reinsurance in Lithuania, Key Trends and Opportunities to 2021

Published By :

Timetric

Published Date : Nov 2017

Category :

Insurance

No. of Pages : 32 Pages

Synopsis
Timetrics 'Reinsurance in Lithuania Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the Lithuanian reinsurance segment. 

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2012-2016) and forecast period (2016-2021).

The report also analyzes information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Lithuanian economy and demographics, and provides detailed analysis of natural hazards and their impact on the Lithuanian insurance industry. 

The report brings together Timetrics research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary
Timetrics 'Reinsurance in Lithuania Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Lithuanian reinsurance segment, including:

  • An outlook of the Lithuanian reinsurance segment
  • A comprehensive overview of the Lithuanian economy and demographics¬†
  • Detailed analysis of natural hazards and their impact on the Lithuanian insurance industry

The competitive landscape in the Lithuanian reinsurance segment
Scope

  • This report provides a comprehensive analysis of the reinsurance segment in Lithuania:
  • It provides historical values for the Lithuanian reinsurance segment for the reports 2012-2016 review period, and projected figures for the 2016-2021 forecast period.
  • It offers a detailed analysis of the key categories in the Lithuanian reinsurance segment, and market forecasts to 2021.
  • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Lithuania, and the reinsurance segment's growth prospects.
  • It analyzes various natural hazards and their impact on the Lithuania insurance industry

Reasons To Buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Lithuanian reinsurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Lithuanian reinsurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Lithuanian insurance industry, and their impact on companies and the industry's future.


Key Highlights

  • On May 29, 2017, the EC authorized the signing of a bilateral agreement regarding prudential measures of insurance and reinsurance between the US and the EU, which was agreed on January 13, 2017.
  • On March 31, 2017, the Insurance Block Exemption Regulation (Regulation 267/2010) (IBER) expired. The IBER exempts insurers and reinsurers from certain applicable competition rules, subject to conditions and agreements between companies.
  • Solvency II came into effect on January 1, 2016. It is based on three pillars: risk-based quantitative requirements; governance and supervision; and disclosure and transparency.

Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Reinsurance outlook
4.1 Reinsurance by Premium Ceded
5 Natural and Man-Made Hazards
5.1 Flooding
5.2 Droughts
5.3 Landslide
5.4 Exposure
6 Competitive Landscape
7 Definition and Methodology
7.1 Definitions
7.2 Methodology
8 About Timetric
8.1 Contact Timetric
8.2 About Timetric
8.3 Timetrics Services
8.4 Disclaimer

List of Tables
Table 1: Lithuanian Reinsurance - Key Facts, 2016
Table 2: Lithuanian Government Credit Ratings
Table 3: Lithuanian Reinsurance - Premium Ceded by Segment (EUR Million), 2012-2016
Table 4: Lithuanian Reinsurance - Premium Ceded by Segment (EUR Million), 2015-2020
Table 5: Lithuanian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2016
Table 6: Lithuanian Life Insurance - Percentage of Reinsurance Ceded (%), 2015-2020
Table 7: Lithuanian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2016
Table 8: Lithuanian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2016-2021
Table 9: Lithuanian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2016
Table 10: Lithuanian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2016-2021
Table 11: Lithuania - Corporate Tax Rates for the Financial Year 2017
Table 12: Insurance Industry Definitions

List of Figures
Figure 1: Lithuanian Real GDP (US$ Billion), 2012-2021
Figure 2: Lithuanian Current Account Balance as Percentage of GDP (%), 2012-2016
Figure 3: Lithuanian Consumer Price Inflation (%), 2012-2021
Figure 4: Lithuanian Unemployment Rate, 2012-2021
Figure 5: Lithuanian Population by Age Group, 1991-2025
Figure 6: Lithuanian Reinsurance - Premium Ceded by Segment (EUR Million), 2012-2021
Figure 7: Lithuanian Reinsurance - Premium Ceded Dynamics by Segment, 2012-2021
Figure 8: Lithuanian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2021
Figure 9: Lithuanian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2021
Figure 10: Lithuanian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2021

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