Lithuania insurance market
Lithuania's insurance market reached EUR 1.585 billion in gross written premiums in 2024, growing by 9.1% year-on-year according to the Bank of Lithuania. The market first crossed the EUR 1 billion threshold in 2021 and has grown rapidly since, driven primarily by non-life insurance which accounts for 77% of total premiums. The non-life segment was led by compulsory motor third-party liability (MTPL) insurance at 28.9% of the non-life market, CASCO motor vehicle insurance (EUR 283.8 million), property insurance (EUR 282.1 million), and rapidly growing medical expense insurance (EUR 139.4 million). The life segment, accounting for 23% of total premiums (EUR 370 million), is dominated by unit-linked products (80.6% of life premiums). At end-2024, the market was served by 19 insurers: 8 locally registered undertakings and 11 branches of EU-registered insurers. Insurance penetration relative to GDP remains below the EU average, reflecting the market's continued growth potential. The Bank of Lithuania acts as the sole prudential and conduct supervisor of the insurance sector.
Generated by: Claude Sonnet 4.6
Reviewed by: Desislava Tsvetkova
Active insurers
8
Last reviewed
Apr 30, 2026
Country market
Available products
Insurer directory
Active insurers
Insurers currently active in Lithuania.
Market share
AB Lietuvos draudimas
Vilnius, Lithuania
Lietuvos draudimas is the largest and longest-established non-life insurance company in Lithuania and the Baltic States, controlling more than a third of the Lithuanian non-life insurance market. It is a wholly owned subsidiary of PZU S.A., the largest insurance group in Central and Eastern Europe, and serves over 666,000 clients through a network of nearly 100 branches across Lithuania.
EUR 366m (2024)
AAS BTA Baltic Insurance Company filialas Lietuvoje
Vilnius, Lithuania
BTA is one of the largest non-life insurers in Lithuania, operating as a branch of the Latvian-headquartered AAS BTA Baltic Insurance Company, which is wholly owned by Vienna Insurance Group AG of Austria. BTA entered Lithuania in 2002 and serves approximately 400,000 private and corporate clients with a wide range of insurance products for individuals and businesses.
ERGO Insurance SE Lietuvos filialas
Vilnius, Lithuania
ERGO is one of the leading insurance groups in the Baltic states, offering a comprehensive range of non-life, life, and health insurance products. Operating in Lithuania since 1991, ERGO Insurance SE Lithuanian Branch provides non-life insurance, while ERGO Life Insurance SE handles life and health insurance. Both are part of the international ERGO Group, which is owned by Munich Re.
ADB Compensa Vienna Insurance Group
Vilnius, Lithuania
ADB Compensa Vienna Insurance Group is a joint-stock insurance company registered in Lithuania and part of Vienna Insurance Group. It began operations in Lithuania in 2010 as a branch of the Polish insurer Compensa TU S.A. VIG, became an independent Lithuanian legal entity on 1 January 2016, and in July 2020 merged with Seesam Insurance to operate as a single non-life insurer under the Compensa brand in Lithuania and Latvia. It offers motor, property, travel, personal, and business insurance products and has 50 sales points in 44 cities across Lithuania.
ADB Gjensidige
Vilnius, Lithuania
ADB Gjensidige is a leading non-life insurer in the Baltic States, headquartered in Vilnius, Lithuania, with branches in Latvia and Estonia. Rooted in the Lithuanian insurer Baltic Polis (founded 1993), it was acquired by Norwegian Gjensidige Forsikring in 2006 and expanded significantly via the 2015 acquisition of PZU Lietuva, rebranding to ADB Gjensidige in 2016. In January 2026, ERGO International AG completed its acquisition of ADB Gjensidige; a phased legal merger is underway and expected to conclude by end of 2026.
Compensa Life Vienna Insurance Group SE Lietuvos filialas
Vilnius, Lithuania
Swedbank Life Insurance SE Lietuvos filialas
Vilnius, Lithuania
Lietuvos draudimas is the largest and longest-established non-life insurance company in Lithuania and the Baltic States, controlling more than a third of the Lithuanian non-life insurance market. It is a wholly owned subsidiary of PZU S.A., the largest insurance group in Central and Eastern Europe, and serves over 666,000 clients through a network of nearly 100 branches across Lithuania.
SEB Life and Pension Baltic SE Lietuvos filialas
Vilnius, Lithuania
Lietuvos draudimas is the largest and longest-established non-life insurance company in Lithuania and the Baltic States, controlling more than a third of the Lithuanian non-life insurance market. It is a wholly owned subsidiary of PZU S.A., the largest insurance group in Central and Eastern Europe, and serves over 666,000 clients through a network of nearly 100 branches across Lithuania.
ERGO Life Insurance SE
Vilnius, Lithuania
ERGO is one of the leading insurance groups in the Baltic states, offering a comprehensive range of non-life, life, and health insurance products. Operating in Lithuania since 1991, ERGO Insurance SE Lithuanian Branch provides non-life insurance, while ERGO Life Insurance SE handles life and health insurance. Both are part of the international ERGO Group, which is owned by Munich Re.
Swedbank P&C Insurance AS Lietuvos filialas
Vilnius, Lithuania
Lietuvos draudimas is the largest and longest-established non-life insurance company in Lithuania and the Baltic States, controlling more than a third of the Lithuanian non-life insurance market. It is a wholly owned subsidiary of PZU S.A., the largest insurance group in Central and Eastern Europe, and serves over 666,000 clients through a network of nearly 100 branches across Lithuania.
Balcia Insurance SE Lietuvos filialas
Vilnius, Lithuania
Lietuvos draudimas is the largest and longest-established non-life insurance company in Lithuania and the Baltic States, controlling more than a third of the Lithuanian non-life insurance market. It is a wholly owned subsidiary of PZU S.A., the largest insurance group in Central and Eastern Europe, and serves over 666,000 clients through a network of nearly 100 branches across Lithuania.
UAB draudimo bendrovė Lamantinas
Coface Austria Kreditversicherung AG Lietuvos filialas
Vilnius, Lithuania
Lietuvos draudimas is the largest and longest-established non-life insurance company in Lithuania and the Baltic States, controlling more than a third of the Lithuanian non-life insurance market. It is a wholly owned subsidiary of PZU S.A., the largest insurance group in Central and Eastern Europe, and serves over 666,000 clients through a network of nearly 100 branches across Lithuania.
Vereinigte Hagelversicherung VVaG Lietuvos filialas
Vilnius, Lithuania
Lietuvos draudimas is the largest and longest-established non-life insurance company in Lithuania and the Baltic States, controlling more than a third of the Lithuanian non-life insurance market. It is a wholly owned subsidiary of PZU S.A., the largest insurance group in Central and Eastern Europe, and serves over 666,000 clients through a network of nearly 100 branches across Lithuania.
Market overview
Market numbers
Total premiums
EUR 1.585bn
Annual growth
+9.1%
Insurance penetration
2%
Active insurers
8
Population
2,891,000
Registered vehicles
1,610,000
Total premiums (EUR bn)
Annual growth (%)
Non-life share / Life share
Market notes
Important news
Apr 29, 2025
Bank of Lithuania Proposes Insurance Act Amendment to Ban Agent Commissions on Unit-Linked Products
Following its 2023 mystery-shopping study revealing widespread mis-selling, the Bank of Lithuania formally proposed amendments to the Law on Insurance that would prohibit insurers from paying commission or non-monetary benefits to agents for the distribution of unit-linked (investment) life insurance contracts. The Seimas Budget and Finance Committee discussed the proposal. The insurance industry opposed the measure, warning it could eliminate the independent agent network.
Why it matters
One of the most debated insurance regulatory proposals in Lithuania's recent history. If enacted, it would fundamentally reshape the distribution model for unit-linked products, which account for the majority of new life insurance contracts. Up to 430,000 existing policyholders could be indirectly affected.
Mar 21, 2025
Bank of Lithuania Publishes Unified Unit-Linked Insurance Fee Comparison Register
The Bank of Lithuania launched a publicly accessible consolidated register of all charges applied by each insurer to unit-linked life insurance contracts. This allows consumers to compare total cost of ownership across insurers before purchasing. The initiative is part of ongoing supervisory action to improve transparency in the unit-linked market, where charges can range from 20% to 51% of total premiums paid.
Why it matters
Empowers consumers to make cost-informed decisions in a market where fee opacity has historically driven sales of high-cost products. Increases competitive pressure on high-charge insurers and complements the distribution guidelines issued in 2024.
Nov 1, 2024
Administrative Settlement Institute Enters into Force for Financial Market Participants
From November 2024, Lithuania's administrative settlement ("taikaus susitarimo") mechanism became available to financial market participants, including insurers and intermediaries. It allows entities under supervisory action to reach a negotiated settlement with the Bank of Lithuania, acknowledging violations and accepting reduced sanctions. In 2025, eleven such agreements were concluded, demonstrating rapid adoption of the new mechanism.
Why it matters
Fundamentally changes the enforcement landscape: entities can now resolve supervisory disputes more quickly and with greater certainty. It reduces litigation risk for both regulator and supervised firms and may shorten the period during which consumer harm goes unaddressed.
Oct 9, 2024
EU Delegated Regulation 2024/896 Raises Broker PI Insurance Minimums
From 9 October 2024, EU Delegated Regulation 2024/896 raised the minimum professional indemnity insurance cover for Lithuanian insurance brokerage firms to €1,564,610 per claim and €2,315,610 per year in aggregate, up from the previous thresholds. The minimum share capital requirement was also adjusted. This directly affects all 105 licensed brokerage companies in Lithuania.
Why it matters
Increases policyholder protection by ensuring brokers carry higher indemnity cover. May push smaller firms to merge or exit the market, further consolidating the broker sector.
Sep 1, 2024
Bank of Lithuania Issues Unit-Linked Insurance Distribution Guidelines
The Bank of Lithuania published binding guidelines for the distribution of unit-linked (investment) life insurance products, effective from July 2024. The guidelines expand the minimum knowledge requirements for distributors, raise mandatory continuing professional development from 15 to 20 hours per year, and require third-party competence verification from 2027. The regulator simultaneously published a comprehensive fee comparison table to improve consumer transparency.
Why it matters
Directly addresses widespread mis-selling of investment life insurance identified in a 2023 mystery-shopping study, where 39% of products offered were found unsuitable for customers. The guidelines raise professional standards market-wide and set the stage for potential future commission bans.
Jul 1, 2024
New MTPL Law: Higher Cover Limits, Electric Scooters Included
Lithuania's fully revised Law on Compulsory MTPL Insurance entered into force, transposing EU Directive requirements. The minimum bodily-injury cover per accident was raised from €5.2 million to €6.45 million and property damage cover from €1.5 million to €1.3 million. More powerful electric scooters became subject to mandatory insurance, and the law clarified coverage rules for airport areas and motorsport events.
Why it matters
The largest revision to Lithuanian MTPL law in over a decade. Higher limits increase insurer liability exposure; inclusion of scooters expands the compulsory motor insurance pool and closes a coverage gap affecting urban mobility users.
Regulation
Regulation
LB
Bank of Lithuania
The Bank of Lithuania is the sole financial supervisory authority in Lithuania, responsible for licensing, prudential supervision, conduct supervision, consumer protection, and dispute resolution in the insurance sector. Since 1 January 2012 it assumed full responsibility for insurance market oversight, implementing EU Solvency II requirements, issuing licences to insurance undertakings and intermediaries, and carrying out both off-site and on-site inspections.
https://www.lb.ltLDA
Lithuanian Insurers Association
Non-profit industry association established in 1992, representing non-life insurance companies and coordinating their activities, developing common non-life insurance policy, and representing member interests before public institutions. Also includes the Motor Insurers Bureau as a member.
http://www.draudikai.ltLGDIA
Association of Lithuanian Life Insurance Companies
Industry association representing life insurance companies in Lithuania, promoting the development of the life insurance market and representing member interests before public institutions.
https://gda.ltTPDB
Motor Insurers Bureau of the Republic of Lithuania
The national motor insurers bureau, responsible for compensating victims of accidents caused by uninsured or unidentified vehicles, coordinating MTPL insurance activities among member insurers, and administering the Green Card system for international motor insurance in Lithuania.
https://www.cab.ltKey legislation
Key legislation
Republic of Lithuania Law on Insurance No. IX-1737
Law on Insurance
Primary legislation governing all insurance, reinsurance, and distribution of insurance and reinsurance products in Lithuania. Establishes the right to engage in insurance and reinsurance activities, state regulation principles, licensing requirements for insurers and reinsurers, pre-contractual relations, terms and conditions of insurance contracts, and the legal framework for the stability and security of the insurance system. Implements the EU Solvency II Directive (2009/138/EC) requirements into national law.
Republic of Lithuania Law on Compulsory Insurance Against Civil Liability in Respect of the Use of Motor Vehicles No. IX-378
Law on Compulsory Motor Third-Party Liability Insurance
Governs mandatory motor third-party liability (MTPL) insurance for all vehicles used in Lithuania. Establishes the obligation to conclude MTPL contracts, responsibilities of vehicle owners and users, minimum coverage amounts (EUR 6,450,000 for personal injury and EUR 1,300,000 for property damage as of January 2023), procedures for compensation and claims settlement, and the role of the Motor Insurers Bureau.
Republic of Lithuania Law on Health Insurance No. I-1343
Law on Health Insurance
Establishes the compulsory health insurance system in Lithuania, defining the persons insured under compulsory health insurance, principles of budget formation for the Compulsory Health Insurance Fund, functions of the National Health Insurance Fund and Territorial Health Insurance Funds, rights and obligations of insured persons, and provisions for additional voluntary health insurance.
Solvency II Directive 2009/138/EC (transposed into national law)
Solvency II Prudential Framework
EU directive transposed into Lithuanian law establishing risk-based capital requirements for insurance and reinsurance undertakings, own risk and solvency assessment (ORSA), detailed disclosure requirements on activity and financial condition, and consistent EU-wide supervision standards. Supervised and enforced by the Bank of Lithuania as the national competent authority.
EU cross-border access
EU cross-border insurers
AXA France Vie
Freedom of Services
Home country: France
Supervisor: ACPR (Prancūzija)
ES FoS pranešimas Lietuvai; veikia be filialo.
Allianz SE (filialas kitose ES šalyse, FoS Lietuvai)
Freedom of Services
Home country: Germany
Supervisor: BaFin (Vokietija)
Allianz grupės verslo kelionių ir tarptautinio sveikatos draudimo produktai teikiami FoS pagrindu; Allianz Lietuva yra atskira Lietuvoje licencijuota UAB, nepriklausanti šiai FoS schemei.
Chubb European Group SE
Freedom of Services
Home country: France
Supervisor: ACPR (Prancūzija)
Chubb teikia verslo draudimo produktus (turtas, atsakomybė, kibernetinis, finansų linijos) Lietuvos korporatyviniams klientams FoS pagrindu.
Zurich Insurance plc
Freedom of Services
Home country: Ireland
Supervisor: Central Bank of Ireland (Airija)
Zurich Insurance plc teikia komercinio draudimo sprendimus Lietuvos verslo klientams FoS pagrindu per ES pranešimo sistemą.
Balta AAS (If P&C Insurance AS Latvijos filialas – atskiras juridinis asmuo)
Freedom of Services
Home country: Latvia
Supervisor: Latvijas Banka (Latvija)
AAS Balta (PZU grupė) yra pranešta kaip FoS teikėja Lietuvoje; kai kurie produktai siūlomi tiesiogiai be filialo.
ERGO Insurance SE (Estijos registracija, FoS Lietuvai)
Freedom of Services
Home country: Estonia
Supervisor: Finantsinspektsioon (Estija)
ERGO Insurance SE (registruotas Estijoje) gali teikti tam tikrus produktus Lietuvoje ir FoS pagrindu, papildant Lietuvos filialo veiklą. Pagrindinė ne gyvybės veikla vykdoma per Lietuvos filialą (žr. ranking sąrašą).
Distribution channels
Distribution channels
40%
Insurance Agents
25%
Insurance Brokers
20%
Direct Sales (online and branch)
12%
Bancassurance
3%
Digital / Aggregator Platforms
Consumer rights
Consumer rights
1
File a written complaint directly with the insurer. The insurer must respond within 15 working days (in exceptional cases, 35 working days). State the dispute circumstances and your requirements clearly.
2
If the insurer's response is unsatisfactory or no response is received within the legal deadline, submit a dispute application to the Bank of Lithuania within one year of contacting the insurer. The dispute resolution is free of charge.
3
The Bank of Lithuania resolves the dispute within 90 days (extendable by 30 days in complex cases). Its decision is recommendatory and not legally binding on either party.
4
If the Bank of Lithuania's recommendation is not followed or you prefer a binding decision, you may file a claim in a civil court at any stage of the process.
Contacts
+370 800 50 500 (nemokamas)
tel:+37080050500https://www.lb.lt/lt/vartotoju-ir-finansu-rinkos-dalyviu-gincai
https://www.lb.lt/lt/vartotoju-ir-finansu-rinkos-dalyviu-gincai
https://www.lb.lt/lt/vartotoju-ir-finansu-rinkos-dalyviu-gincaiEU cross-border access
EU cross-border access
Lithuania, as an EU member state, fully applies the Solvency II single-licence (European passport) framework. An insurer or intermediary authorised in any EEA state may operate in Lithuania either by establishing a branch (Freedom of Establishment) or by providing services directly without a local presence (Freedom of Services), subject to prior notification to the home-state supervisor, who then notifies the Bank of Lithuania. The Bank of Lithuania is the national competent authority supervising all insurers and intermediaries operating domestically, including passporting entities.
ES direktyva 2009/138/EB (Mokumas II), ES direktyva (ES) 2016/97 (IDD), Lietuvos Respublikos draudimo įstatymas (IX-1737)
freedom of establishment
An EEA-authorised insurer or intermediary may open a branch or permanent presence in Lithuania without obtaining a separate Lithuanian licence. The home-state supervisor notifies the Bank of Lithuania; the branch may begin operating after the notification procedure is completed. The branch is supervised primarily by the home-state authority but must comply with certain Lithuanian general-good rules.
freedom of services
An EEA-authorised insurer or intermediary may provide insurance services into Lithuania directly from its home state without establishing a local branch. Only a notification to the home supervisor is required. The home-state authority retains full supervisory responsibility for IDD conduct-of-business obligations. The Bank of Lithuania may apply local general-good provisions where applicable.
Market history
Market history
1990-2003
Post-Soviet Market Formation and Liberalisation
Following independence from the USSR in 1991, Lithuania dismantled the state insurance monopoly and opened the market to private and foreign insurers. The first private insurance companies emerged in the early 1990s. Mandatory MTPL insurance was introduced, and the initial regulatory framework was established, though the market remained fragmented and underdeveloped.
2004-2011
EU Accession, Consolidation and Rapid Growth
EU accession in 2004 accelerated regulatory harmonisation and opened Lithuania to European single-market passporting. Foreign-owned insurers, particularly Scandinavian and central European groups, expanded rapidly. Premium volumes grew at over 7% per year on average since 2000, and the market consolidated around a handful of dominant international players.
2012-2019
Single Regulator, Solvency II and Consumer Protection Focus
The Bank of Lithuania became the sole financial sector regulator in 2012, consolidating insurance supervision. Solvency II entered into force on 1 January 2016, raising capital and risk-management standards. The IDD was transposed, strengthening intermediary conduct rules. Life insurance, especially unit-linked products, grew rapidly; unit-linked premiums constituted around 70% of total life premiums by mid-decade.
2020-2026
Pandemic Resilience, Record Premiums and Regulatory Tightening
The market withstood COVID-19 disruptions and surpassed €1 billion in premiums for the first time in 2021. By 2024, premiums reached €1.585 billion (+9.1% y-o-y) and €1.72 billion in 2025. The Bank of Lithuania intensified consumer protection efforts, issuing unit-linked distribution guidelines (2024), proposing commission bans on investment life insurance, and raising broker PI insurance minimums under EU Delegated Regulation 2024/896.
Glossary
Glossary
lt
Draudimas
A financial arrangement whereby an insurer agrees to compensate another party for specified losses or damages in exchange for a premium payment.
lt
Draudikas
A licensed company that underwrites insurance risks and is obligated to pay claims upon occurrence of an insured event.
lt
Draudėjas
The natural or legal person who concludes an insurance contract with an insurer and is obligated to pay the premium.
lt
Draudimo įmoka
The amount paid by the policyholder to the insurer in exchange for insurance coverage.
lt
Draudimo išmoka
The compensation paid by the insurer to the policyholder or a third party upon the occurrence of an insured event.
lt
TPVCA (Transporto priemonių valdytojų civilinės atsakomybės privalomasis draudimas)
Mandatory insurance covering liability of vehicle owners and drivers for bodily injury and property damage caused to third parties in road accidents.
lt
KASKO
Voluntary insurance covering damage to the insured vehicle regardless of fault, including accidents, theft, fire, and natural disasters.
lt
Investicinis gyvybės draudimas (IGD)
A life insurance product combining protection cover with investment in funds; the investment risk is borne entirely by the policyholder.
lt
Draudimo brokeris
A licensed intermediary acting in the interests of the client (not the insurer), who searches the market for the most suitable insurance product.
lt
Draudimo agentas
An intermediary authorised to act on behalf of one or more insurance undertakings and distribute their products.
lt
Perdraudimas
Insurance purchased by an insurer from another insurer (reinsurer) to transfer part of its underwriting risk and limit exposure to large losses.
lt
Mokumo kapitalo reikalavimas (MKR)
Under Solvency II, the risk-based capital requirement an insurer must hold to ensure a 99.5% probability of meeting obligations over the next 12 months.
lt
Draudiminis įvykis
A specified event defined in the insurance contract whose occurrence triggers the insurer's obligation to pay a benefit or compensate a loss.
lt
Techniniai atidėjiniai
Reserves held by an insurer to cover all expected future obligations arising from its insurance contracts, valued on a best-estimate basis under Solvency II.
lt
Draudimo tarpininkas
Any person or entity that, for remuneration, proposes, presents, or assists in concluding insurance contracts. Includes brokers, agents, and ancillary intermediaries.
lt
Žalos atlyginimas
The process by which the insurer investigates, assesses, and pays compensation for a valid claim submitted by a policyholder or injured third party.
lt
Draudimo liudijimas (polisas)
The formal document evidencing the insurance contract, setting out the insured parties, coverage scope, premium, and duration.
lt
Išimtis (draudžiamoji išimtis)
A specific risk, circumstance, or cause of loss explicitly excluded from coverage under an insurance policy.
Market notes
FAQ
How large is the Lithuanian insurance market?
In 2024 gross written premiums reached €1.585 billion, up 9.1% year-on-year. Non-life insurance accounted for 77% (€1.214 billion) and life insurance for 23% (€370 million). The market crossed the €1 billion threshold for the first time in 2021 and reached €1.72 billion in 2025.
Who regulates the insurance market in Lithuania?
The Bank of Lithuania (Lietuvos bankas) is the sole regulator and supervisor for the insurance market since 1 January 2012. It licenses insurers and intermediaries, supervises solvency and conduct of business, handles consumer disputes, and enforces sanctions. It also represents Lithuania in EIOPA.
Is motor third-party liability (MTPL) insurance mandatory in Lithuania?
Yes. All motor vehicles registered or used in Lithuania must have compulsory MTPL insurance. Since 2024, this includes more powerful electric scooters. The minimum cover is €6.45 million per accident for bodily injury and €1.3 million for property damage. The Motor Insurers' Bureau of Lithuania administers the Guarantee Fund for uninsured claims.
How do I complain about my insurer in Lithuania?
First, file a written complaint directly with the insurer; it must respond within 15 working days. If unsatisfied, submit a dispute to the Bank of Lithuania free of charge within one year. The Bank resolves disputes within 90 days. Its decision is recommendatory; you may also go to court at any time.
Can a foreign EU insurer sell insurance in Lithuania without a local licence?
Yes. Under Solvency II, any insurer licensed in an EEA state may operate in Lithuania via Freedom of Establishment (branch) or Freedom of Services (cross-border, without a branch) following a notification procedure. The Bank of Lithuania must be notified by the home-state regulator before activities begin.
What is unit-linked (investment) life insurance and why is it regulated so tightly?
Unit-linked life insurance (IGD) combines life protection with investment in funds; the investment risk is borne entirely by the policyholder. Over 430,000 Lithuanians hold such contracts. A 2023 Bank of Lithuania mystery-shopping study found 39% of products offered were unsuitable for customers, and charges can consume 20–51% of premiums paid, prompting major regulatory intervention.
How many insurance companies and brokers operate in Lithuania?
As of 31 December 2024, 19 insurers were active (8 locally incorporated, 11 EU branches). The market had 105 licensed brokerage companies (employing 969 individual brokers) and approximately 2,306 insurance agents. Foreign-owned insurers dominate with a market share close to 100%; the largest player is Lietuvos draudimas (PZU Group).
What is the dispute resolution process if the Bank of Lithuania's recommendation is ignored?
The Bank of Lithuania's dispute decisions are recommendatory, not legally binding. However, historically around 89% of decisions in favour of consumers are voluntarily implemented by insurers. If the insurer refuses, the consumer may pursue a binding ruling in a civil court. Court proceedings are independent of the Bank of Lithuania dispute process.
What are the main insurance lines in Lithuania and which sector dominates?
Non-life insurance dominates at 77% of total premiums. The largest non-life lines are motor (MTPL and CASCO), property, and liability. Life insurance accounts for 23%, with unit-linked products representing the majority of life premiums. Health and cyber insurance are fast-growing segments. Composite (mixed life and non-life) insurance is not permitted in Lithuania.
Market notes
Sources
Last reviewed: Apr 30, 2026
- 01Lietuvos bankas – Draudikai ir draudimo tarpininkai
Official regulator page: market reviews, statistics, licences, supervisory actions.
- 02Lietuvos bankas – Draudimo rinkos apžvalga
Quarterly and annual insurance market review publications.
- 03Lietuvos bankas – Veiklos rodikliai
Monthly and annual insurer and broker operating statistics (Solvency II forms).
- 04Lietuvos bankas – Ginčų nagrinėjimas
Consumer dispute resolution portal and procedural rules.
- 05Lietuvos banko metų ataskaita 2024
Official Bank of Lithuania 2024 annual report with insurance sector data.
- 06Lietuvos draudimo brokerių įmonių asociacija (LDBĮA)
Association of insurance brokerage companies; market statistics and legal framework.
- 07Draudimo brokerių rūmai
Chamber of Insurance Brokers; broker registration and qualification information.
- 08Lietuvos draudikų asociacija – Skundų nagrinėjimas
Industry association guidance on the insurer complaint procedure.
- 09EIOPA – Lithuania Country-by-Country IDD Analysis
EIOPA report on Lithuanian insurance distribution intermediary statistics.
- 10BIPAR – Figures on Insurance Intermediaries in Europe (2025)
Pan-European broker and agent count data including Lithuania (2024 figures).
- 11Xprimm – Lithuania Insurance Market News
Insurance market news and quarterly/annual premium statistics for Lithuania.
- 12Lietuvos automobilių draudikų biuras (LADB/CAB)
Motor Insurers' Bureau of Lithuania; Green Card, Guarantee Fund, MTPL data.
- 13