Seimas Speaker Viktorija Čmilytė-Nielsen calls for a debate to promote home insurance among owners as Lithuanians continue to estimate losses due to power outages and property damage following Monday’s storm.
insurance
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Damage caused by the storm that started in Lithuania on Sunday has been estimated to cost EUR 1.15 million, and could cost even more, insurers have warned.
A 12% growth in the average wage over 2023 has paved the way for the same increase in the old-age pension, the social insurance fund Sodra said Thursday.
Apartment or house rent market is constantly increasing, whereas the major determinants of its growth include the rise of investments into housing intended for rent as well as the opened short-time rent opportunities through the online platforms such as Airbnb or Booking.com. Gains cannot be separat...
Life insurance market in Lithuania has bounced back to the levels before the 2008 global downturn, the Bank of Lithuania says.
The Bank of Lithuania has proposed regulations for the insurance investment market, aimed at strengthening consumer protection and capping how much insurance companies can charge for asset management.
An exhibition of works by famous Lithuanian painter Mikalojus Konstantinas Čiurlionis, set to be moved to Krakow, Poland, for exhibition, has been insured for a record amount of EUR 15 million.
In the first half of 2015 year-on-year, Lithuania's insurance market has grown by 6.4 percent based on written premiums and reached a record volume of EUR 312.3 million.
In 2014, insurance undertakings registered in Lithuania, according to unaudited data, earned EUR 24.1 million (LTL 83.2 million) of profits, a year-on-year increase of 36 percent. The highest profits were generated by the insurance activity; however, the overall result was significantly enhanced by ...
Norwegian insurance company Gjensidige Forsikring ASA agreed to acquire 99.88 percent of the shares in PZU Lietuva from PZU SA for EUR 54 million. The Group's market share in the Baltics will increase from 7 percent to 13 percent. The market share in Lithuania will increase from 7 percent to 21 perc...
