Estonia
STATISTICS: ESTONIA, 1H: Insurers reported impressive rates across all LoB
Estonian insurers reported H1 2018 GWP of EUR 243 million, almost 17% more compared with January-June 2017, according to the market figures published by the Estonian National Statistics Board.
30 August 2018ESTONIA: Government plans to support risk management in organic farming by subsidizing insurance premiums
As part of a Governmental plan to support organic farming, Estonian farmers involved in this segment will benefit starting 2019 from a 70% contribution of the State to the premiums paid by farmers in crop insurance, livestock and plant insurance, if the Ministry of Rural Affairs proposal will be approved.
23 August 2018STATISTICS: ESTONIA Q1: The insurance market expanded by more than a quarter
Estonian insurers reported in Q1 2018 GWP of EUR 125.7 million, representing an 26.1% y-o-y increase, according to the quarterly figures published by the Estonian National Statistics Board.
20 June 2018STATISTICS: ESTONIA, FY2017: Non-life business pushed the market growth-rate in the "double digit area"
Estonian insurers reported aggregate FY2017 GWP of EUR 427.3 million, up
by 10.1% y-o-y, according to the market figures revealed on the website
of the Estonian National Statistics Board.
8 February 2018STATISTICS: ESTONIA, 3Q: The two motor segments generate about half of the insurance market
Estonian insurance market totaled EUR 315 million at the end of September 2017, up by 10.6% y-o-y, according to quarterly market figures published by the Estonian National Statistics Board.
15 November 2017Estonia to adopt the Insurance Distribution Directive
At the end of October, the Estonian Parliament passed a bill of amendments to the Insurance Activities Act initiated by the government, according to which the European Union's Insurance Distribution Directive (IDD) will be adopted, informs LETA/BNS, quoted by The Baltic Course.
9 November 2017STATISTICS: ESTONIAN market posted H1 impressive growth rates across all main subclasses
Estonian insurers reported H1 2017 GWP of EUR 207.8 million, 9.5% more compared with January-June 2016, according to the market figures published by the Estonian National Statistics Board.
24 August 2017STATISTICS: ESTONIA: GWP up to EUR 100 million in Q1 2017
Estonian insurers reported in Q1 2017 GWP of EUR 99.7 million, up 8.6% y-o-y, according to the quarterly figures published by the Estonian National Statistics Board.
15 June 2017ESTONIA allows self-driving cars on the roads
Estonia has allowed the testing of self-driving cars on the country's roads; however, an additional condition is that the vehicle must also have a driver who can take control if needed.
9 March 2017STATISTICS: ESTONIA, FY2016: Non-life lines saw the best results, driving up the market results
Insurers operating on the Estonian market reported total GWP of EUR 388 million for the financial year 2016, up by 7.4% y-o-y, according to the market data published by the Estonian National Statistics Board. The value of life GWP increased by 3.9% y-o-y, to EUR 85.7 million (22.1% of the total market), while Estonian general insurers posted GWP of EUR 302.3 million, 8.5% more y-o-y.
2 February 2017STATISTICS: ESTONIAN insurers' GWP up by almost 7% y-o-y in 3Q
Estonian insurers posted aggregate GWP of EUR 285 million at the end of September, up by 6.7% y-o-y, according to quarterly market figures published by the Estonian National Statistics Board. The total value of life GWP was down by 0.4% y-o-y to EUR 60.2 million, while the non-life segment totaled EUR 224.8 million, or 8.7 %more y-o-y.
8 December 2016STATISTICS: GWP in ESTONIA's insurance market up 6.3% in H1
Estonian insurers reported H1 GWP of EUR 190 million, 6.3% more compared with January-June 2015, according to the market figures published by the Estonian National Statistics Board. At the same time, the value of paid claims increased by 13.7% y-o-y, to EUR 112 million.
25 August 2016ESTONIAN introduced to terrorism travel insurance
Alerted by the increase of terrorist attacks in the West, a couple of Estonian insurance companies have added the costs related to risk factor to their basic packages.
1 August 2016STATISTICS: ESTONIA, 1Q2016: GWP up to EUR 92 million, driven by non-life lines
Estonian insurers reported in Q1 2016 GWP of EUR 91.78 million, up 5.21% y-o-y, according to preliminary aggregate market figures published by the Estonian National Statistics Board. Per insurance classes, the total value of GWP on the life segment was down by 4.18% y-o-y to EUR 19 million (20.69% of the total market), while the value of non-life GWP totaled EUR 72.79 million, 7.97% more y-o-y.
30 June 2016SEB: 70% ESTONIANS don't believe in sustainability of pensions
Even though residents of Estonia are better prepared for retirement than people in Latvia and Lithuania, more than 70% of Estonians don't believe that the present pension system is sustainable, it appears from the Baltic Retirement Readiness Index Survey based on a poll taken by TNS, cites LETA.
11 March 2016STATISTICS: ESTONIA's insurance market is expanding steadily
Last year, the Estonian insurance market posted total gross written premiums of EUR 361.2 million, up by 6% y-o-y, according to FY2015 preliminary market figures published by the Estonian National Statistics Board. Claims paid during the period were up by 9.2% y-o-y to EUR 207 million. It's worth mentioning that the figures published by the Estonian National Statistics Board reflect the performance of Estonian insurers and other EU branches for the insured risks only in Estonia.
11 February 2016ESTONIAN insurers collect EUR 22.6 mln in non-life premiums in November
Non-life insurance premiums collected by Estonian insurance companies in November 2015 totaled 22.6 million euros, 5.4% more than in the same month last year, figures available from Statistics Estonia show, cites LETA/BNS.
4 January 2016STATISTICS: ESTONIAN insurers' GWP rises 5.4% in Jan-Sept
Estonian insurers posted aggregate GWP of EUR 267 million at the end of September 2015, up by 5.4% y-o-y, according to quarterly market figures published by the Estonian National Statistics Board. Of all five life insurers, the market leader was SWEDBANK Life Insurance SE (40.2% market share), while Estonia's market leader in non-life insurance was If P&C Insurance AS (27%).
5 November 2015STATISTICS: ESTONIA's insurance market posts 4.6% half-year growth in GWP
The insurers activating on the Estonian market reported total gross written premiums of EUR 178 million at the end of June 2015, up by 4.6% y-o-y, according to the market figures published by the Estonian National Statistics Board. At the same time, the value of paid claims was up by 7.1% y-o-y to EUR 99 million.
26 August 2015If half-year profit in Baltics reduced by 13% in H1
The insurance company If P&C Insurance AS in Estonia and its subsidiaries in Latvia and Lithuania earned EUR 9.3 million in the first half of the year 2015, which is 13% less than in the respective period last year, when the company's profit reached EUR 10.7 million, as the company informed LETA.
17 August 2015
