STATISTICS: ESTONIAN insurance market ended Q1 in "red"

11 July 2019 — Andrei Victor
Estonian insurers reported GWP of EUR 122 million in Q1 2019, representing an 3% y-o-y decrease, according to quarterly figures published by the Estonian National Statistics Board.

The total value of GWP for the life segment was up by 2.5% y-o-y to EUR 23.8 million, while the value of non-life GWP totaled EUR 98.1 million, 4.2% less y-o-y.

At the same time, the value of insurance claims paid by local and other EU branches was up by 7.6% y-o-y to EUR 72 million, of which EUR 15 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 (~38.1% market share), while, despite the 42% decrease in GWP, Estonia's market leader on the non-life insurance segment remained If P&C Insurance AS (~18.9%).

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 and download the 1Q2019 Estonian insurance market statistics.

Estonia 1Q2019 Market portfolio:
  • Gross written premiums
  • Paid claims
  • Growth rates

Estonia 1Q2019 Life and non-life rankings:

  • Gross written premiums
  • Paid claims
  • Market shares
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