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The Lithuanian insurance market is a competitive and growing sector, with a gross written premium of €1.23 billion in 2022. The market is dominated by non-life insurance, which accounted for 72.5% of total premiums in 2022. The life insurance market is also growing, with premiums increasing by 6.4% in 2022.
The Lithuanian government is a major purchaser of insurance products and services. In 2022, the government spent €63 million on insurance, with non-life insurance accounting for the majority of spending. The government procures a wide range of insurance products and services, including property and casualty insurance, motor insurance, health insurance, and life insurance.
The main insurance products and services procured by the Lithuanian government are:
Property and casualty insurance
Motor insurance
Health insurance
Life insurance
The top authorities for Lithuania insurance procurement are:
The Ministry of Finance
The Public Procurement Office
The Competition Council
The top winners of Lithuania insurance procurement are:
PZU Lietuva
Generali Lietuva
Seesam Lietuva
ERGO Lietuva
AIG Lietuva
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