Unlocking Latvia’s Insurance Market Potential

Natalia Morris

< 1 Min Read

Led by Faris Fazlibegović, a GrECo veteran with nearly 30 years of experience in the region, the session offered a rare blend of practical insight and local intelligence.

Earlier this year, GrECo Latvia hosted an exclusive webinar titled “Discover Latvia’s Insurance Market Advantage”, offering a rare insider’s view into one of the Baltics’ most distinctive and dynamic insurance landscapes. This strategic session was designed to equip our GrECo nova partners with the insights and tools needed to unlock new business opportunities in a region that’s often overlooked.

Led by local experts Viktorija Ozolina-Demirala, Zane Dreifelde, and Ilze Pāne-Brodsgarda, the webinar explored:

  • Hidden opportunities within Latvia’s evolving insurance market
  • The cultural and regulatory nuances that shape local business practices
  • Practical, revenue-generating strategies tailored to the Latvian context 

For brokers operating across borders, understanding these subtleties is key to delivering relevant, high-quality solutions to clients. Latvia’s market, while compact, is agile and increasingly shaped by EU-wide trends such as ESG compliance, climate adaptation, and AI-related liabilities. These developments are creating demand for specialist coverage and advisory services – areas where GrECo nova partners can add real value.

The session also highlighted the competitive dynamics in motor insurance, the impact of weather-related claims, and the expected market corrections in the coming years. If you missed the live session, the full recording is available here.

Natalia Zaborovska

Natalia Morris

Group Head of International

T +61 44 777 9001

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