Market Report, "Personal Accident and Health Insurance in Latvia, Key Trends and Opportunities to 2017", Published
The Latvian personal accident and health segment declined significantly during the review period (2008-2012), at a compound annual growth rate (CAGR) of -6.4%, primarily due to economic contraction following the global financial crisis. This affected the segment's largest category, health insurance, causing reduced government spending on healthcare. However, in November 2013, the Latvian government made health insurance mandatory.
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