STATISTICS: ESTONIA, FY2018: Insurers' reorganization in the Baltic region influences the local market dynamic

12 February 2019 — Andrei Victor
Insurers operating on the Estonian market reported total GWP of EUR 552 million for the financial year 2018, up by 29.2% y-o-y, according to the market data published by the Estonian National Statistics Board.

Life GWP increased by 4.6% y-o-y, to EUR 95.5 million (17.3% of the total market), while Estonian general insurers posted GWP of EUR 456.6 million, 35.9% more y-o-y due to the growth rates reported by property lines (+51.8%), MoD (+43.9%) and Motor TPL (+15.2%)

It is worth mentioning the aggregate market portfolio and the GWP rates are strongly influenced by the insurers' reorganization in the Baltic region, most of them merging their Latvian, Lithuanian and Estonian subsidiaries into one - the headquarters being chosen most of the time in Tallinn, the capital of Estonia, as in case of Swedbank, SEB, VIG or ERGO.

Access and download the FY2018 Estonian insurance market statistics.

Share |