STATISTICS: ESTONIA, FY2019: Insurance market compressed by more than 10% due to decreases reported on non-life subclasses

6 February 2020 — Andrei Victor
Last year, the Estonian insurance market posted aggregate GWP worth of EUR 493.83 million, 10.56% down compared with the previous year, according to FY2019 preliminary market figures published by the Estonian National Statistics Board.

In terms of GWP, the life insurance segment remained at the 2018 level, ~EUR 96 million, while in the case of non-life insurance market, the GWP amounted to EUR 397.92 million (80.58% of total), 12.86% down y-o-y.

Of all five life insurers, Estonia's market leader in life insurance was SWEDBANK Life Insurance SE (40.60% market share), followed by SEB Elu- ja Pensionikindlustuse AS (23.12%) and COMPENSA Life VIG SE (17.43%).

The country's leading player in the non-life segment was Swedbank P&C Insurance AS (GWP of EUR 75.12 million), followed by If P&C Insurance AS (EUR 72.94 million) and ERGO Insurance SE - EUR 63.60 million.

Access and download the latest Estonian insurance market statistics.

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