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

Estonia 1Q2019 Insurance Companies Ranking

Estonia 1Q2019 Market Portfolio


See all statistics

Latest news


ESTONIA: 13,000 property insurance events annually

According to The Estonian Insurance Association (EKsL), 13,000 property claims arise over the course of an average year in Estonia. Of this number, about 11,000 are home insurance claims. Insurance companies in Estonia pay around EUR 28 million every year for property claims.

ESTONIA: Jan-March: growth of motor insurance prices is slowing down

According to the statistical data of the Estonian Motor Insurance Fund (LKF), growth of motor insurance prices is slowing down, which is confirmed by their increase only by 1% in the 1st quarter of 2019 y-o-y, as the Fund informed on its official website on May 15.









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.