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Monday 28.05.2018 | Name days: Vilhelms, Vilis

The amount of written insurance premiums has reduced by 35.1 million lats

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Compared with the corresponding period in 2009, the amount of premiums written by Latvian insurance companies in the first seven months of 2010 has reduced by 21% or 35.1 million lats, reports LETA.

The chairman of Latvian Insurers Association, Juris Dumpis, indicated that, overall, from January to July of 2010, insurers have written premiums of 134.9 million lats. While, 78, 1 million lats were paid in indemnities, which is about 24% or 25.1 million lats less than in the corresponding seven months of 2009.

Compared with the seven months of the previous year, there is an increase in the amount of written premiums – by 21% or five million lats. Overall, in these seven months, life insurers have written 28.7 million lats in premiums. The amount of paid compensations has decreased by 31% or 5.7 million lats. Overall the total amount of indemnities paid in the seven months is 12.8 million lats. The amount of written premiums by the risk insurance companies has fallen to 27% or 40.1 million lats, while the amount of paid compensations – by 23% or 19.4 million lats.

Overall, in the first seven months of 2010, the risk management insurers have paid 106.1 million lats in premiums, and 65.3 million lats in compensations.

Dumpis also points out that, in the last year Latvian insurance companies have written 92.9 million lats in premiums or 26% less than in 2008. Overall, in 2009, 263.8 million lats were written in premiums. Compared with 2008, the amount of paid remunerations has decreased by 10% or 19.6 million lats, and, in general, insurers have paid clients 172.8 million lats in compensations or 473 million lats every day.


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