On Insurance Compass

Insurance Compass is a tool developed by the Financial and Capital Market Commission (FCMC) that enables every individual interested to have an easy access to key performance indicators of the insurers, i.e. insurance undertakings and insurance branches established in the EU Member States that provide their services in Latvia.

Aggregate information is based on the data taken from the insurers' quarterly reports. Analysis of those indicators is one of the criteria considered by a customer when taking a decision on conclusion of insurance contract; however, the aggregate data are general and they should be viewed in the context of overall insurer's activity. A decision-making is a matter of individual choice that includes also assessing the range and accessibility of insurer's services, the quality of service, commissions and other criteria.

More information at www.fktk.lv and on the website of each insurer

Furthermore, the key financial ratios of public quarterly reports of all Latvia's insurance undertakings are aggregated in the Excel table available on the FCMC website at www.fktk.lv, including information submitted to the FCMC regarding the scope of activities of the insurance branches established in the EU Member States that provide their services in Latvia.

Detailed information on performance indicators is available also on the website of every insurer, where the insurers' public quarterly reports and annual accounts must be published.

FCMC is not responsible for losses and does not assume the obligations that arise from analysis of the data provided or their interpretations. The data are provided about the situation on the last date of reporting quarter.

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