Research and Markets (http://www.researchandmarkets.com/research/kfmc5k/nonlife) has announced the addition of the "Non-Life Insurance in Latvia, Key Trends and Opportunities to 2017" report to their offering.
The Latvian non-life insurance segment declined during the review period (2008-2012) at a compound annual growth rate (CAGR) of 3.8%. This was primarily due to the contraction in the economy as a result of the global financial crisis. The crisis significantly affected the segment's largest category, motor insurance, as demand for automobiles fell, although the category's decline was largely offset by robust growth in the marine, aviation and transit insurance category.
The Latvian business environment is more favorable for foreign companies than in other Central and Eastern European countries. Latvia's membership of international organizations such as the World Trade Organization (WTO), NATO and the European Union (EU) also gives it a strong standing in global trade. Latvia's accession to the eurozone in January 2014 is expected to bring significant foreign participation in the country. As the business environment continues to grow, with developing regulatory frameworks under the governance of the European Central Bank (ECB), the overall Latvian insurance industry is expected to benefit. The non-life segment is expected to grow significantly at a forecast-period CAGR of 10.3%.
Key Topics Covered:
1 Executive Summary
2 Introduction
3 Regional Market Dynamics
4 Non-Life Insurance Regional Benchmarking
5 Latvian Insurance Industry Attractiveness
6 Non-Life Insurance Outlook
7 Analysis by Distribution Channels
8 Porter's Five Forces Analysis Latvian Non-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
- AAS Balta
- AAS Gjensidige Baltic
- BTA Insurance Company SE
- Baltijas Apdroinaanas Nams
- Baltikums
- Ergo Insurance SE Latvian Branch
- If P&C Insurance AS Latvia
- Seesam Insurance AS Latvia
- Swedbank P&C Insurance AS
For more information visit http://www.researchandmarkets.com/research/kfmc5k/nonlife.
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Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Insurance
