OREANDA-NEWS. June 09, 2008. We are delighted that data from the first quarter of 2008 show that in the Latvian insurance market, Balta was in first place in terms of premium volumes – LVL 17,2 million in all, reported the press-centre of Balta.

The volume of premiums for Balta has increased by 35%, which is a more rapid increase than was in Latvia’s overall risk insurance market, where the increase was 29% over the same period in 2007.  Balta, as the market leader, currently controls 23,5% of Latvia’s insurance market.

The first quarter was also successful for other RSA Group companies in the Baltic States.  Our sister company Lietuvos Draudimas, which is the market leader in Lithuania, had premiums worth LVL 21,63 million (a 33,3% market share), while the newly established RSA Estonia had premiums worth LVL 800,000.

We are pleased to note that last year the RSA Group was the market leader in the Baltic States, and it has maintained that position during the first quarter of this year.