STATISTICS: ESTONIA, 1H2020: Negative rates in life and motor lines influenced the half-year decline of the market

27 August 2020 — Andrei Victor
Estonian insurers reported H1 2020 GWP of EUR 235.79 million, 5.49% less compared with January-June 2019, according to the market figures published by the Estonian National Statistics Board.

In GWP terms, the life segment was down by 11.20% to EUR 41.86 million (17.75% of total GWP), while the GWP by Estonian non-life insurers totaled EUR 193.93 million, 4.15% less y-o-y, due to more than EUR 10 million decrease reported on motor insurance lines (MoD and MTPL, summed).

Among the five life insurers, the largest insurer remained SWEDBANK Life Insurance SE (46.49% market share), while If P&C Insurance AS (19.26%) lead the general insurance segment.


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