Competition level is high in Baltic insurance market - BTA

• Published date: 05 May 2022
• Publication title: LETA

RIGA, May 5 (LETA) - The competition level is high in the Baltic insurance market, said BTA Baltic Insurance Company board chairman Wolfgang Stockmeyer in an interview with LETA.

"There has always been competition in the Baltic states because these are limited market due to their size. We feel a high competition level. However, it is nothing new," he said.

Stockmeyer said that the highest competition level is reported in insurance of transport vehicles because this insurance can be purchased online and it is easy to compare prices.

sked about any new players in the Baltic insurance market, he said that Latvian-registered Balcia Insurance who had been working outside Latvia, transformed its business and now will work also in Latvia.

"However, considering the current...