Labākai Pasaulei continues a series of publications on the insurance industry in Latvia. This time we have analyzed the amount of premiums and payments collected from CASCO by the insurers for the period from 01/01/2018 to 30/09/2018.
We recall that CASCO is a vehicle insurance, which allows to compensate the damages incurred to the vehicle caused by an accident, as well as in the event of theft or complete destruction.
Well, the leading position in the market (among 7 insurance companies analyzed) in terms of the amount of premiums collected is held by AAS "BTA Baltic Insurance Company" with 47% indicator.
The lowest rates of premiums collected (3% of the market) and the lowest percentage of profitability (26%) is obtained by Seesam Insurance AS Latvia branch.
This type of insurance turned out to be the most profitable (214% !) for Compensa Vienna Insurance Group ADB Latvia branch.
It should be noted that the sums of insurance payments in the table are shown without taking into account the administrative and overhead costs of the insurance companies.
