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 1H2020 Market Portfolio

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Estonia 1H2020 Insurance Companies Rankings


See all statistics

Latest news


ESTONIA will become the head office of ERGO in Baltic States

Insurance group ERGO will merge its general insurance companies in Latvia, Estonia and Lithuania and set up a head office in Estonia, Nozare.lv was informed by the company. It is planned that the merger will be concluded by January 1, 2013. After the merger, the company will be called ERGO Insurance SE. Also, the Latvian and Lithuanian general insurance companies will proceed with their activities as ERGO branches, writes The Baltic Course.

ESTONIA: Swedbank insurance in Estonia forecasts storm damages bill to reach 400,000 EUR

As of Tuesday morning, Swedbank insurance had received 40 damage claims connected to the storm that has ravaged Estonia for the past couple of days, most of them concerning vehicles; the company forecasts that their clients will submit around a hundred damage claims connected to the storm, amounting to damage compensations of 400,000 EUR, LETA/Postimees Online reports.

ESTONIA: The market continued to decline in 3Q2011

In January-September 2011, the gross written premiums of insurance companies in Estonia decreased by 5.2%, reaching EUR 302 million, compared with total underwritings in the correspondent period of 2010. Claims paid by insurers amounted to EUR 193 million according to official data published by the Financial Supervision Authority of Estonia.




ESTONIA: Insurers demand less cross-selling from banks

Although by law, banks are not allowed to cross-sell insurance and car leasing or housing loans, it is well known that they often do so, offering loan customers services of the bank-owned insurer, writes Aripaev.