About the association

Latvian Insurers Association (LIA) is a society founded on 12 August 1993, which represents the common interests of the insurers in order to advance the development of the insurance industry of Latvia. LIA unites 15 insurance companies and branches of foreign insurers (10 non-life and 5 life), which represent approx. 99,7% of the total Latvian insurance market.

The main goal of the association’s activity is to promote the development of the Latvian insurance industry. The most important tasks of the LIA are:

to participate in the development of legislation regulating the insurance industry;
to represent the common interests of Latvian insurers in state authorities and administrative institutions, public and international organizations;
to inform the public about the current affairs of the Latvian insurance market;
to organize the improvement of professional qualification of employees of insurance companies.

The Latvian insurance industry makes a significant contribution to the national economy and provides support to thousands of individuals and companies.

In 2023, the average insurance premium written per capita in Latvia was 394 euros.

In 2023, insurers operating in Latvia paid out claims of 1.3 million euros daily.

LIA is a member of Insurance Europe (European insurance federation). Insurance Europe unites 36 European national insurance associations and represents around 4,900 insurance and reinsurance companies.

Assembly

The Assembly is the supreme decision-making body. The Assembly consists of all members of the Association.

Council

The Council is the administrative body of the Association, which decides on issues within its competence. The Council consists of authorized representatives of all members of the Association.