Lithuania

Introduction: 

The Republic of Lithuania is a country in the Baltic region of Northern Europe with a population of 2.7 million. It has been an EU member state since 2004 and the national currency is the Euro.

The Lithuanian insurance market is characterized by its low penetration rate. The non-life sector accounts for the major part of premiums written. In addition, the growth in the non-life sector is higher than the life segment growth.

 

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