Estonia

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Location map
author: OCHA/ ReliefWeb


Location:
- Eastern Europe, bordering the Baltic Sea and Gulf of Finland;
- Neighbours: Latvia, Russia, Finland.

Climate:
- maritime;
- wet, moderate winters;
- cool summers.

Natural hazards:
- floods in the spring;

Macro indicators
* 2018 estimates
Surface:45,227km2
Population*:1.3million
Pop. density*:29.2people/km2
GDP*:25.7EUR billion
GDP/capita*:19,459.1EUR

European Union:
EU member, since 2004

Currency: Euro
Code: EUR
Since: 2011
- replaced Estonian kroon (EEK)


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:17%
TOTAL NON-LIFE*:83%
Overall Property*:24%
Overall Motor*:48%


Sources:




 


Statistics

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Estonia FY2020 Market Portfolio

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Estonia FY2020 Insurance Companies Ranking


See all statistics

Latest news






SEB to merge its three Baltic life units

SEB - one of the largest life insurers in Baltic region announced is planning to merge its units in the Baltic States, "into one legal entity to further improve our operational efficiency and deliver improved customer services. The merger will not affect our services to the customers".

VIG's Baltic unit SEESAM Insurance AS - 10% GWP increase in 3Q

Estonian non-life insurer SEESAM, one of last entered players in the VIG family, raised its GWP in the Baltic states by 10% y-o-y, to EUR 54.1 million, informs LETA, quoting Dace ZITMANE, marketing manager at the Latvian branch of the company.







Estonia 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.



ESTONIA 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.

STATISTICS: 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.

STATISTICS: 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.

STATISTICS: 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.