Reinsurance in Latvia, Key Trends and Opportunities to 2017, New Report Launched

Reinsurance in Latvia and the Baltic region is highly underdeveloped, primarily due to the small size of the region’s insurance industry. The segment grew at a steady review-period (2008–2012) compound annual growth rate (CAGR) of 10.6%. Uncertain economic conditions and reforms in the Latvian economy, led by the International Monetary Fund (IMF), European Union (EU), and European Central Bank (ECB), are expected to result in volatility in premium generation over the forecast period (2012–2017).

In contrast, the implementation of Solvency II directives is expected to improve competition among insurers, directly impacting the demand for reinsurance over the forecast period. The segment’s written premium is anticipated to rise at a forecast-period CAGR of 18.5%.

The report provides in depth market analysis, information and insights into the Latvian reinsurance segment, including:

• The Latvian reinsurance segment's growth prospects by reinsurance categories
• Key trends and drivers for the reinsurance segment
• The Latvian reinsurance segment’s growth prospects by reinsurance ceded from direct insurance segments
• The competitive landscape in the Latvian reinsurance segment

Scope

This report provides a comprehensive analysis of the reinsurance segment in Latvia:

• It provides historical values for Latvia’s reinsurance segment 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 sub-segments in Latvia’s reinsurance segment, along with market forecasts until 2017.
• It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Latvia and its growth prospects.

Reasons To Buy

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

Key Highlights

• Reinsurance in Latvia and the Baltic region is highly underdeveloped, primarily due to the small size of the region’s insurance industry
• Latvia did not previously have specific regulations to govern reinsurers in the country
• Uncertain economic conditions and reforms in the Latvian economy, led by the IMF, EU and ECB, are expected to result in volatility in premium generation over the forecast period
• Latvian insurers cede premiums to reinsurers outside Latvia, which provide life and non-life reinsurance to the country

Spanning Over 69 pages, 21 Tables and 44 Figures “Reinsurance in Latvia, Key Trends and Opportunities to 2017” report covering the Latvian Insurance Industry Attractiveness, Reinsurance Growth Dynamics and Challenges, Key Industry Trends and Drivers, Competitive Landscape and Strategic Insights, Business Environment and Country Risk, Appendix. The report covered 1company - Baltijas Apdrošināšanas Nams

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