2017-10-17
The Bank of Lithuania begins publishing balance sheet statistics of Lithuanian insurance corporations.
Statistical data is compiled following the requirements laid down in legal acts1 of the European Central Bank.
Insurance corporation balance sheet statistics are compiled from data collected for supervisory purposes under the framework established by Directive 2009/138/EC of the European Parliament and of the Council2, estimated data and data exchanged with the Bank of Estonia. Aggregated balance sheet of insurance corporations is compiled from data of insurance undertakings of Lithuania, excluding data of non-resident branches of undertakings, and data of branches of other countries’ insurance undertakings registered in Lithuania.
Insurance corporation balance sheet data covers outstanding amounts at the end of the period and transactions during the period. Life insurance, non-life insurance and total insurance corporations data as well as the list of insurance corporations for statistical purposes are published.
Insurance corporation balance sheet statistics are published on a quarterly basis following the publication dates available in the data release calendar.
Statistical data are published here, while the methodological notes – here.
1 Regulation (EU) No 1374/2014 of the European Central Bank on statistical reporting requirements for insurance corporations (ECB/2014/50) and Guideline (EU) 2016/450 of the European Central Bank amending Guideline ECB/2014/15 on monetary and financial statistics (ECB/2015/44).
2 Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II).