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
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