Altogether in the three months of this year amount of gross written premiums in BTA Baltics increased by 4.8%, while disbursed indemnities increased by 36% as compared to the same period last year. There is a positive trend – residents and companies of the Baltics wish to purchase more types of voluntary insurance, such as Property, Health and Private Accident insurance.

In the first three months of the year, BTA has written insurance premiums amounting to 56.4 million euros throughout the Baltics – 22.2 million euros in Latvia, 27.5 million euros in Lithuania and 6.7 million euros in Estonia. Thus, the growth ratio as to 1^st quarter of 2018 made it 5.9%, 3.3% and 7.9% respectively. While there is a considerable growth in amounts of disbursed indemnities reaching 39.1 million euros, which makes it almost by 36% more that in the same period of the last year. It is mostly related to several Property insurance indemnity claims in Estonia. In Latvia, BTA disbursed its customers insurance indemnities amounting 18.7 million euros, in Lithuania 13 million euros and 7.4 million euros in Estonia. BTA disburses more than 296 thousand euros to customers per each business day, in Lithuania – 206 thousand euros and 118 thousand euros in Estonia.

At the beginning of the year, the largest number of premiums was written in such insurance segments as Health, Property and KASKO insurance. As compared to the same period of the last year, the amount of premiums written in Health insurance increased by 14.7% and reached 10.2 million euros, in KASKO insurance – an increase of 10.1% was registered amounting to the sum total of 13.4 million euros, while in Property insurance the amount of gross written premiums reached 5.6 million euros, which makes it by 10.5% higher than last year. The amount of gross written premiums in MTPL segment in BTA Baltics decreased by 5.3%, however, it is still the largest type of insurance, amounting to the sum total of 18.2 million euros.

“Within the first three months of the year BTA was able to continue its even development throughout the three Baltic States. Estonia was marked by the largest growth, which made us satisfied, because we still consider this country to provide the largest opportunities for growth. The largest part of insurance claim cases claimed to and disbursed by BTA are still in KASKO and MTPL segments, which testifies that the quality of roads and the culture of driving in the Baltics requires a special focus. On the bright side, we have been observing a positive trend for many months now within voluntary types of insurance – residents throughought the Baltics request Property, Health and Private Accident insurance policies with ever-increasing frequency. It testifies that society and companies become ever more aware of necessity of insurance and of the meaning thereof in their day-to-day life”, recalls BTA Management Board Chairman Wolfgang Stockmeyer.

About BTA

BTA Baltic Insurance Company is one of the leading insurance companies in the Baltics, offering the broadest range of non-life insurance services in Latvia, Lithuania and Estonia. BTA employs more than 1,000 employees in the Baltics. The largest shareholder of BTA is Vienna Insurance Group AG with close to 200 years of experience in the insurance business. With about 50 companies in 25 countries and more than 25,000 employees, Vienna Insurance Group is the clear market leader in its CEE markets. Vienna Insurance Group is the best-rated company of ATX, the leading index of Vienna Stock Exchange with a rating of A+ with stable outlook from Standard & Poor’s; its share is also listed on the Prague Stock Exchange.

Additional information:

Elīna Rasmane

Marketing and Public Relations Department Director

BTA Baltic Insurance Company AAS