ltd. brokerage agency root. about brokerage agency root agency founded in 2005. year. paid-in...
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Ltd. Brokerage Agency ROOT
About Brokerage agency ROOT
Agency founded in 2005. year.Paid-in capital - 35 000 LVLAgency has 15 employees. Managerial staff working
experience in the insurance field for more than 10 years.
Related company - "ROOT Motors Ltd., the only Latvian repair the vehicle immediately following an insurable event without waiting for the necessary agreements.
ROOT is a leader in the brokerage agency in the middle of construction surety insurance.
About Brokerage agency ROOT
Particular, has rapidly evolved in the health insurance portfolio and experience in this area
Improving and extending co-operation with local governments
Participate in the creation of tender dossier
ROOT development (2006 -2010)
ROOT targetTo become a leading agency brokerage Latvian.Develop its activities in other countries - the Baltic
States, Ukraine, Russia, Europe.
Latvian Insurance Market
Brokerage market dvelopment in Latvia
0
100
200
300
400
2000 2007 2008 2009 2010
Year
mil
j. L
VL
Insurance companies
Broker companies
Market development
LATVIAN brokerage firm in market shares, 2010
ROOT is a leader in brokering agencies in the middle of a financial guarantee insurance
* There are more than 100 brockerage companies in Latvia
Leader in its niche!
Innovators on the marketROOT offers a unique service in the Latvian
insurance market - the only Latvian repair the vehicle immediately following an insurable event, before the necessary agreements.
ROOT has set up a telemarketing departmentROOT introduced a new service - a systematic and
planned deployment of the total portfolio.
Baltic insurance market
Learn from neighbors
Number of brokerage companies in Baltics
020
4060
80100
120Y
ear
2003
2004
2005
2006
2007
2008
2009
2010
Year
Nu
mb
er Lithuania
Latvia
Estonia
Baltic insurance market
Insurance Company premiums written in Baltic states
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2008 2009 2010
Year
Mil
j L
VL Lithuania
Latvia
Estonia
Market development in the Baltic States
Market outlook
Brokerage growth opportunities in Latvia
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200
400
600
800
2009 2010 2011 2012 2013 2014 2015 2016 2017 2019
Year
Mill
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s L
VL
InsurancecompaniesIncludingbrokerage comp.
Brokerage market outlook
BROKERAGE MARKET GROWTH
8-10 years, the total written premiums will reach 700 million Latvian lats (EUR 1.0 billion)
It will:OCTA prices riseMust increase the total liability limit in the EU until
2013. year to 1.5 million. EUR. Currently, this amounts to 350 000 EUR.
Increased demand for insurance services. The old EU member states citizens insurance spends 5 times more (life is insured risks, savings, etc.)..
Thank you!