News
Drivers are well informed about MTPL compensation for "iron" vehicles; worse than others
Latvian Motor Insurers' Bureau (hereinafter – LTAB) A survey conducted in May found that 93% of drivers are well informed about the MTPL compensation that is due if a road traffic accident (hereinafter – MTPL) causes…
Read moreOCTA as a sugardaddy and the Matched One on Tinder: what do they think about insurance?
On May 14, a communication hackathon “OCTA in GenZ language” took place in Riga, at the premises of the insurance technology company Balcia, during which 24 young people developed ideas for popularizing the Harmonized Statement to a young audience of drivers. The participants of the hackathon…
Read moreDrivers in Riga and Vidzeme are more loyal to the Harmonized Notification in Whatsapp format
Latvian Motor Insurers' Bureau (hereinafter – LTAB) survey of drivers shows that in the six months since the introduction of the Coordinated Notification feature in the Whatsapp app, 28% of drivers know or have already used the option to record…
Read moreMore than half of drivers know what to do after a traffic accident
52% of drivers would be able to correctly assess the severity of the consequences of a road traffic accident (hereinafter – RTA) and would recognize the factors when it is permissible to fill out the Harmonized Statement and when to seek help by calling…
Read moreThe number of accidents caused by uninsured vehicles continues to decrease
Latvian Motor Insurers' Bureau (hereinafter – LTAB) statistics compiled by the Latvian Traffic Safety Administration show that in 2025, 233 road traffic accidents (hereinafter referred to as RTAs) were caused by uninsured vehicles. In total, 37609 RTAs occurred in Latvia last year,…
Read moreHarmonized notifications are increasingly used to record RTA
Latvian Motor Insurers' Bureau (hereinafter – LTAB) statistics compiled by the Estonian Road Safety Commission show that in 2025, 73,90% of all road traffic accidents (hereinafter referred to as RTA) were recorded with coordinated notifications, while in 26,10% of cases the accident…
Read moreFrom May 1, owners of self-propelled bicycles must register them and pay their MTA (Motor Vehicle Accident Insurance)
Latvian Motor Insurers' Bureau (hereinafter – LTAB) reminds you that from May 1 of this year, the regulatory framework regarding the use of self-propelled bicycles will change in Latvia. From now on, these vehicles will be subject to mandatory registration,…
Read moreMTPL compensation paid to RTA victims continues to increase
In 2025, the amount of direct payments made by insurers to persons injured in road traffic accidents (hereinafter – RTA) reached 10,06 million euros, according to the Latvian Motor Insurers' Bureau (hereinafter – LTAB) information collected, and more…
Read moreOver the past ten years, MTPL compensation for damage to infrastructure facilities has been paid out
Over the past 10 years, 29,59 million EUR has been paid out in MTPL compensation for damage to roads, road structures and buildings. Last year, 4,70 million EUR was paid out in MTPL compensation for damage to infrastructure objects or their destruction.
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