STATISTICS: ESTONIA Q1: The insurance market expanded by more than a quarter

Estonian insurers reported in Q1 2018 GWP of EUR 125.7 million, representing an 26.1% y-o-y increase, according to the quarterly figures published by the Estonian National Statistics Board.

The total value of GWP on the life segment was up by 18% y-o-y to EUR 23.2 million, while the value of non-life GWP totaled EUR 102.5 million, 28% more y-o-y.

At the same time, the value of insurance claims paid by local and other EU branches was up by 18.7% y-o-y to EUR 67 million, of which EUR 11.6 million related to life segment, the remaining EUR 49 million being accounted by the non-life subclasses.

Among the five life insurers, the market leader was SWEDBANK Life Insurance SE (~40% market share), while Estonia's market leader on the non-life insurance segment was If P&C Insurance AS (~31%).

It is important to note: The figures published by the Estonian National Statistics Board reflect the performance of Estonian insurers and other EU branches - for the insured risks only in Estonia.

Access www.xprimm.com and download the 1Q2018 Estonian insurance market statistics.

Market portfolio:

  • Gross written premiums
  • Paid claims
  • Growth rates
Life and non-life rankings:

  • Gross written premiums
  • Paid claims
  • Market shares

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

ON THE MOVE

Bulgaria: Boiko ATANASSOV appointed as FSC's head

The Parliament of the Republic of Bulgaria appointed Boiko ATANASSOV as Chairperson of the Financial Supervision Commission (FSC) on March 15, with 134 votes in favour, none opposed or abstained.

21.03.2019

TOP EVENT

Climate and cyber: two Cs with catastrophic potential and the insurance business - under debate in Vienna, on April 9

10 years after its inception, the Romanian mandatory dwelling insurance system has progressed and PAID, the pool underwriting and managing the mandatory policies is a strong and financially sound institution. "We are currently managing a reinsurance program worth EUR 920 million, with a pool of excellent reinsurers, more than half of them rated AA+, while the company's solvency rate is of 220%," recently stated Nicoleta RADU, CEO, PAID.

21.03.2019

Conclusions: TBILISI - the first Georgian International Insurance Conference

The first Georgian International Insurance Conference took place on 14 March 2019. The event put under scrutiny the current status and the future development perspectives of the local market, in an attempt of identifying the main growth opportunities. The forthcoming launch of the mandatory MTPL system was the most important topic on the agenda, as this new line of business has the potential to provide for a significant growth, but also to become a market disruptor.

14.03.2019

See all