Gyvybės draudimo UAB "SB draudimas"

Gyvybės draudimo UAB "SB draudimas" is a Lithuanian life insurance undertaking associated with the Šiaulių bankas (SB) group. It focuses on life insurance and related protection products delivered primarily through bancassurance channels in Lithuania.

Company Overview

Legal name: Gyvybės draudimo UAB "SB draudimas"
Country: Lithuania
Industry sector: Life insurance (gyvybės draudimas)
Founding date: Publicly available sources consulted did not provide a verified incorporation date (see Sources and References).
Headquarters: Not publicly verified in the sources consulted (commonly associated with SB Group operations in Lithuania).

Legal Information

Teisinė forma: Uždaroji akcinė bendrovė (UAB)
Įmonės kodas (company registration code): Not publicly verified in the sources consulted. Obtainable from Juridinių asmenų registras (Registrų centras).
PVM kodas (VAT code): Not publicly verified in the sources consulted. Obtainable from VMI/Registrų centras records.
Licencijavimo statusas: Licensed life insurance undertaking supervised by the Bank of Lithuania (Lietuvos bankas). License specifics (number/date) should be confirmed via lb.lt registers.
Oficiali svetainė (Official website): Not unambiguously verified in the sources consulted. SB group insurance information is available via sb.lt; a dedicated brand site may exist (e.g., sbdraudimas.lt) but should be verified directly.
El. paštas (Email): Not publicly verified in the sources consulted.
Registruota buveinė (Registered office address): Not publicly verified in the sources consulted. Obtainable via Juridinių asmenų registras / Lietuvos banko insurer register.
Telefonas: Not publicly verified in the sources consulted.

Note: Precise legal identifiers (Įmonės kodas, PVM kodas), registered office address, and direct phone/email are standard public data in Lithuania but were not accessible in the consulted open sources. For authoritative details, see Registrų centras and the Bank of Lithuania registers listed in the Sources and References section.

Business Operations

Main products and services:
- Term life insurance (gyvybės draudimas)
- Endowment/savings life insurance and unit-linked life insurance options (depending on product portfolio at launch and updates)
- Riders such as critical illness, disability, and accident coverage (typical for Lithuanian life insurers)
- Bancassurance-driven advisory and policy servicing

Business model: Bancassurance-focused distribution leveraging the Šiaulių bankas (SB) customer base, branch network, and digital channels. Underwriting and policy administration are managed within the insurer, with reinsurance arrangements typical for life insurers (specific reinsurers not publicly disclosed in consulted sources).

Market position: A Lithuanian-origin entrant in a market largely served by regional branches of foreign life insurers. The company’s access to SB Group’s retail network and customer relationships is a key distribution advantage.

History

Founding and licensing: The company was formed as part of SB Group’s strategic expansion into insurance. Licensing oversight is by the Bank of Lithuania. Exact incorporation and license dates were not verified in the consulted open sources and should be confirmed via Lietuvos bankas registers.

Brand development: The company aligns with SB Group’s unified “SB” brand architecture, which the group has promoted across its subsidiaries in recent years.

Operational milestones: Initial product launches and portfolio evolution have focused on core life protection and savings products, distributed through SB banking channels. Detailed milestone dates and product introductions were not enumerated in consulted sources.

Financial Information

Revenue and premiums: Publicly available, company-specific revenue or gross written premium (GWP) data were not found in the consulted sources. Market-wide life insurance data are published by the Bank of Lithuania.

Funding and capital: As a licensed life insurer (UAB), the company is subject to Solvency II capital requirements. Specific capital, solvency ratios, or funding events should be reviewed in regulatory disclosures at the Bank of Lithuania.

Ownership structure: The company is associated with the Šiaulių bankas (SB) group. Precise shareholding details (parent entity, % ownership) should be confirmed in SB Group disclosures and the Juridinių asmenų registras.

Leadership and Management

Vadovai (executives): Full names and positions (pareigos) of top management were not listed in the consulted open sources. Lithuanian insurers typically disclose CEO (generalinis direktorius), CFO (finansų direktorius), Chief Actuary (vyriausias aktuaras), and Chief Risk Officer. For verified names and roles, consult the insurer’s official website, Lietuvos bankas insurer registry, or SB Group governance disclosures.

Board members: Not publicly verified in consulted sources. In Lithuania, insurer boards and supervisory boards are subject to fit-and-proper requirements overseen by the Bank of Lithuania. Names and positions should be confirmed via official filings.

Office Locations

Registered office: Not publicly verified in the consulted sources. Obtainable via Juridinių asmenų registras.

Sales and service network: The company distributes through the Šiaulių bankas branch network nationwide. Individual branch addresses and contact phone numbers are available on sb.lt; SB draudimas does not publicly enumerate separate stand-alone office locations in the consulted sources.

Market Position

Competitors in Lithuania (life insurance):
- Swedbank Life Insurance SE (Lithuanian branch)
- SEB Life and Pension Insurance UAB
- Compensa Life Vienna Insurance Group SE (Lithuanian branch)
- ERGO Life Insurance SE (Lithuanian branch)
- Other niche and bancassurance providers

Market share: Company-specific market share was not reported in the consulted sources. The Bank of Lithuania publishes market statistics periodically.

Competitive advantages: Access to SB Group’s retail customer base; bancassurance distribution efficiency; potential integration with SB digital platforms; localized product design and customer service.

Recent Developments

Recent public updates specifically naming Gyvybės draudimo UAB "SB draudimas" (product launches, partnerships, expansions) were not identified in the consulted sources. SB Group communications have emphasized brand unification and growth across financial services. For the latest, check SB Group news releases and the Bank of Lithuania announcements.

Contact Information

Official website: sb.lt (SB Group; insurance section), and a potential dedicated site for SB draudimas (e.g., sbdraudimas.lt) should be verified directly.
Email: Not publicly verified in the consulted sources.
Phone: Not publicly verified in the consulted sources.
Registered office address: Not publicly verified in the consulted sources (available via Registrų centras).

Recommendation: For precise contact details, consult the insurer’s official website or the SB Group contact center listed on sb.lt, and regulatory registers.

Sources and References

Regulatory and registry sources:
- Lietuvos bankas (Bank of Lithuania) – Insurance undertakings and market statistics. Website: lb.lt
- Registrų centras – Juridinių asmenų registras (company registration details, addresses, codes). Website: registrucentras.lt
- Valstybinė mokesčių inspekcija (VMI) – VAT registration information. Website: vmi.lt

Group and company communications:
- Šiaulių bankas (SB Group) official website and news releases (including insurance services sections). Website: sb.lt
- Potential brand site for SB draudimas (to be verified): sbdraudimas.lt

Industry context:
- Public profiles of life insurers operating in Lithuania (Swedbank Life Insurance SE, SEB Life and Pension Insurance UAB, Compensa Life VIG SE, ERGO Life Insurance SE) via their official websites and lb.lt registers.

Note: This profile is compiled from publicly accessible, general sources. For definitive legal and contact information (Įmonės kodas, PVM kodas, registered address, executive names), refer to the official registers and company disclosures listed above.