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Lithuania non- life insurance marketplace put forecast 2013

best insurance stock -Lithuania non- life insurance marketplace forecast 2013 : Lithuanian insurers tin laissez passer the sack expression the non-life sector to grow past times upwards to 7% this yr owing to the increased spending ability of its citizens, RSA said today. 

Assuming output growth of most 3%, Lithuania's non-life insurance market volition expand by at to the lowest degree 6% to 7%, RSA's Lithuanian unit of measurement Lietuvos Draudimas AB told Bloomberg inwards an emailed statement.

"This is a immature marketplace amongst much chance in addition to room for work concern development," the theatre is quoted equally saying, adding that less than one-half of private homes in addition to less than a quarter of apartments inwards the the world accept insurance.

Lithuania is the European Union's minute fastest growing economy. Private individuals inwards Republic of Lithuania spent an average 437 litai on insurance final year, which is forecast to grow 15% inwards 2013 to 501 litai per capita, according to Lietuvos Draudimas.

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