According to adjusted data, the sum of premiums of policies signed by Lithuanian insurance companies during the first seven months of this year went up 18.3 percent year-on-year to 584.4 million litas (169.4 million euros).
The non-life insurance market increased 22 percent to 459.3 million litas (133.1 million euros), whereas the life insurance market went up 6.3 percent to 125.1 million litas (36.3 million euros), the Insurance Monitoring Commission reported on Friday.
In January-July, insurance companies signed 2.725 million insurance policies, of which 13,100 were for life insurance. The number of policies went up 28.6 percent compared to the corresponding period in 2003: The number of non-life insurance agreements climbed 28.9 percent, and the number of life insurance policies decreased 16.4 percent.
The biggest share (29.8 percent) of the Lithuanian non-life insurance market (24 companies) belongs to Lietuvos Draudimas.
The local life insurance market has 10 players in it, and the largest shares belong to Hansa Gyvybes Draudimas (40.8 percent), VB Gyvybes Draudimas (17 percent), and Ergo Lietuva Gyvybes Draudimas (14.5 percent).