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Lithuanian insurance market to grow at least 6% in 2013

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Lithuanian insurers can expect the non-life sector to grow by up to 7% this year owing to the increased spending power of its citizens, RSA said today.

Assuming output growth of about 3%, Lithuania's non-life insurance market will expand by at least 6% to 7%, RSA's Lithuanian unit Lietuvos Draudimas AB told Bloomberg in an emailed statement.

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