Last year, Estonian insurance market totaled EUR 550.90 million in terms of GWP, up by 13.26% y-o-y, according to FY2022 market figures published by the Estonian National Statistics Board.

According to the statistics of the Association of Estonian Insurance Companies (EKsL), last year 1,260 employers purchased additional health insurance, insuring a total of 48,400 employees. The number of contracts increased by 52% over the year, and the number of insured employees increased by 72%, the press-release said.

According to the Estonian Traffic Insurance Fund (LKF), insurance mediators resolved 293 disputes last year, 171 of which ended with an agreement between insurance companies and clients. The number of home insurance, comprehensive insurance and travel insurance disputes increased the most. The largest disputed amount was EUR 176,500 and the smallest was EUR 90.

According to the Estonian Traffic Insurance Fund (LKF), in 2022 over 38,000 traffic accidents occurred in Estonia, which is the highest number ever. Last year's total losses exceeded EUR 80 million, which is also the largest in history.

According to the Estonian Insurance Companies Association (EKsL), 28 travel insurance disputes between customers and insurers have been registered by the insurance conciliation body this year, which is 17 more than a year ago.

Estonian insurers reported January-September 2022 aggregate GWP worth EUR 405.77 million, 13.08% more y-o-y or ~EUR 47 million in absolute value, according to the market figures published by the Estonian National Statistics Board. Total paid claims by local insurers increased by 7.40% y-o-y to EUR 288.82 million.

According to the Estonian Insurance Companies Union (EKsL) and Market Research survey, half of Estonians have bank loans. At the same time, a quarter of people would not be able to cope in case of loss of income of one family member.

Motor Hull prices are on the rise, according to insurance providers, in addition to general inflation, the increase in claims is behind this rise, reaching pre-pandemic levels, err.ee reports.

The Association of Estonian Insurance Companies (EKsL) and Turu-uuringute AS conducted a survey, according to which 46% of the population would like to join the employer's additional health insurance, mostly 31-40 year old people and non-Estonians, at the same time a quarter of the population has never heard of such insurance, EKsL said.

Estonian insurers reported H1 GWP worth EUR 269.3 million, 11.5% more compared with January-June 2021, according to the market figures published by the Estonian National Statistics Board.

According to the statistics of the Estonian Traffic Insurance Fund (LKF), there have been 14,800 traffic insurance cases with a total loss of EUR 30 million in Estonia in five months this year. This is the highest number of accidents ever during this period.

Estonian insurers posted aggregate business worth EUR 130.61 million in Q1 2022, or 9.97% more y-o-y, according to quarterly figures, published by the Estonian National Statistics Board.

During the first month, the new digital traffic accident report of the Estonian Traffic Insurance Fund (LKF) was used by almost 1,000 drivers involved in accidents and 600 traffic insurance events were processed through it. The application works on the website avarii.lkf.ee in Estonian, Russian and English, the Fund said in its statement.

According to the Association of Estonian Insurance Companies (EKsL) last year local insurers paid out EUR 33 million for restoration of homes. There were a total of 18 thousand home-related insurance events and half of them caused by pipe leaks with a total loss of EUR 15 million.

According to the Association of Estonian Insurance Companies (EKsL), about 900 employers offered to 30,700 employees supplementary health insurance in 2021. "Thus, almost 5% of all workers now have health insurance", informed EKsL.

Last year, Estonian insurance market totaled EUR 486.3 million in terms of GWP, up by 3.7% y-o-y, according to FY2021 market figures published by the Estonian National Statistics Board. The life insurance segment increased by 1.5% y-o-y to EUR 86.8 million, while in the case of non-life insurance market, the GWP amounted to EUR 399.5 million (82.1% of total), up by 4.2% y-o-y.

According to LKF (the Estonian Traffic Insurance Fund), during 2021 the number of traffic accidents increased by a fifth, while the average traffic damage was EUR 1,960. Thus, last year occurred 35,900, of which 33,200 of them in Estonia and 2,700 cases were caused by Estonian vehicles abroad.

According to the data published by the Estonian Traffic Insurance Fund (LKF), during the first eleven months of 2021 there were reported about 29 thousand traffic accidents related to Motor TPL policies with a total loss of EUR 51 million. Of this total, about 11 thousand are parking accidents, with a total loss of EUR 12 million, with an average damage per claim file of EUR 1,085.

According to the statistics of the Association of Insurance Companies, 422 fires in the amount of EUR 7 million have been indemnified under home insurance in the first nine months of this year vs 414 fire indemnities worth EUR 9.4 million paid last year.

Estonian insurers posted Q3 2021 GWP of EUR 359 million, 2.7% more y-o-y or EUR 9.3 million in absolute value, according to the market figures published by the Estonian National Statistics Board.