STATISTICS: ESTONIA, 3Q: Motor and property policies accounted for 70% of the market's GWP

5 December 2018 — Andrei Victor
Estonian insurance market totaled EUR 357 million at the end of September 2018, up by 13.7% y-o-y, according to quarterly market figures published by the Estonian National Statistics Board.

The total value of life GWP was up by 3% y-o-y to EUR 66.4 million (24% of total GWP), while the non-life segment totaled EUR 290.3 million, or 16.5 % more y-o-y.

In case of life business, in terms of GWP, the largest shares were accounted by unit-linked products (GWP of EUR 24.4 million), while in case of non-life, property and the two motor segments (MoD and MTPL, summed) polices generates about EUR 250 million in GWP - the equivalent of 70% of total GWP.

Of all five life insurers, the market leader was SWEDBANK Life Insurance SE (42% market share), while Estonia's market leader in non-life insurance was If P&C Insurance AS (24.1%).

The figures published by the Estonian National Statistics Board - reflects the performance of Estonian insurers and other EU branches - for the insured risks only in Estonia. The FSA figures reflect the performance of the insurers registered in Estonia - including their cross- border business.

Access and download the 3Q2018 Estonian insurance market statistics.

  • Aggregate market portfolio (GWP, claims, growth rates, shares)
  • Life & non-life rankings (GWP, claims, growth rates, market shares)

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