VILNIUS - Lietuvos Draudimas, the Lithuanian unit of RSA Insurance Group, expects the country’s non-life insurance market to grow by as much as 7 percent this year as citizens in the European Union’s second-fastest growing economy have more cash to spend, reports Bloomberg.Assuming output growth of about 3 percent, Lithuania’s non-life insurance market will expand by at least 6 percent to 7 percent, Lietuvos Draudimas, Lithuania’s largest property and casualty insurer, said in an e-mailed statement on Jan. 8.“This is a young market with much opportun...
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