Development trends of general liability insurance in Lithuania

Daiva Jureviciene, Ugne Augustyte

Research output: Contribution to journalArticle

Abstract

The article deals with the situation of general liability insurance in Lithuania and its alteration, with an emphasis on the novelty of the topic. The essence of a particular insurance as well as the main insurable ranges in comparison with other types of insurance are reflected. The key problems related to general liability insurance in Lithuania are presented and discussed. A short overview of other countries’ experience is provided together with the nature of general liability insurance. The environment of general liability insurance and the key factors influencing it are discussed and highlighted. A qualitative and quantitative analysis of the development of general liability insurance market is made.
Original languageEnglish
Pages (from-to)136-150
JournalEkonomika
Volume90
Issue number3
Publication statusPublished - 2011

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Keywords

  • General liability insurance
  • Insurance cycle
  • Insurance density
  • Insurance penetration
  • Market concentration

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