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Latvia: 2013 insurance premiums up 11.7% to $429.3 million

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Premiums collected by Latvian insurers in 2013 totaled 218.9 million Latvian lats ($429.3 million), a year-on-year increase of 11.7%, Forinsurer reported.

The amount paid in compensation increased 20.8% to LVL 129.7 million ($254.4 million).

Premiums from property insurance increased 5.6% to LVL 32.3 million ($63.3 million), while compensation in this segment increased 12.8% to LVL 13.6 million ($26.6 million).

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