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.

The total value of GWP for the life segment decreased by 5.80% y-o-y to EUR 19.73 million, while the value of non-life GWP totaled EUR 110.89 million, up by 13.23% y-o-y.

The aggregate value of insurance claims paid by local and other EU branches decreased by 31.79% y-o-y to EUR 98.54 million, of which EUR 26.55 million related to life segment, the remaining EUR 71.99 million being accounted by the non-life subclasses.

Among the five life insurers, the market leader was SWEDBANK Life Insurance SE (~47.15% market share), while Estonia's market leader on the non-life insurance segment remained If P&C Insurance AS (20.39%).

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