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Monday 23.07.2018 | Name days: Magda, Magone, Mērija

People living in Baltics are more concerned about poverty than violence

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUResidents of Latvia, Estonia and Lithuania are more afraid of poverty than violence. Only a little more than one-third of Baltic residents are afraid of getting mugged.

60% of Latvians, 55% of Lithuanians and 47% of Estonians note they are afraid of losing their jobs. 71% of Latvians, 69% of Lithuanians and 62% of Estonians say they are afraid of not having enough money to sustain them during their retirement, according to ERGO Security Index.

Residents of all three Baltic States feel the safest in their homes. 80% of respondents say they are not afraid of any kind of violence being directed at them when they are home. Results of the survey show that Baltic residents are not concerned about experiencing an act of sexual violence. The majority of respondents deny the possibility of someone attacking them because of ethnicity, religion or sexual orientation – 68% of Latvians, 75% of Lithuanians and 83% of Estonians are not worried about such a possibility.

Respondents are not concerned about emotional violence as well. Approximately one-fifth of respondents in Baltic States are afraid of emotional violence breaking out in their homes and in their families. 31% of Latvians 29% of Lithuanians and 19% of Estonians are concerned about behaviour of their colleagues and employers.

‘Although the matter of crime in Baltic States remains very sharp, residents feel relatively safe in their homes and out in streets. They are not worried too much about being mugged or experiencing sexual assault. Instead, people in Latvia, Lithuania and Estonia are more worried about their finances. Residents feel uncertain about their future and their ability to sustain their family,’ – says ERGO Board member in Baltic States Ingrīda Ķirse.

Life insurance is one of the most rapidly growing insurance options in Latvia. According to data from Latvian Association of Insurance, the first nine months of 2014 have brought this segment a significant growth in the market – 23%.

This demonstrates economic growth in the country and that people are more open to the prospect of investing in insurance. This coincides with growing interest and understanding of different forms of life insurance. Insurance products that are in demand the most at the moment are provisions for pension and provisions for children’s future. Residents are also highly interested in products like insurance against accidents, illness or risk insurance, as noted by the company.

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