On insurance classes, the total value of GWP on the life segment increased by 11.6% y-o-y, totalling EUR 58.6 million (23.1% of the total market), of which almost EUR 25 million was reported on unit-linked life insurance subsegment.
At the same time, Estonian general insurers totaled EUR 195 million, increasing in absolute value by about EUR 12.4 million. Among all non-life insurance classes, the largest weights in GWP were reported by motor hull (EUR 68.1 million, 26.9% of total GWP), property insurance (EUR 50.7 million, 20.0%) and Motor TPL (EUR 50.1 million, 19.8%).
Of all five life insurers, the market leader was SWEDBANK Life Insurance SE (36.7% market share), followed by SEB Elu- ja Pensionikindlustuse AS (23.3%) and COMPENSA Life VIG SE (18.5%).
Estonia's market leader in non-life insurance was If P&C Insurance AS, which collected EUR 51 million of premiums in nine months. ERGO Insurance SE reported EUR 30.6 million followed by SWEDBANK P&C Insurance AS - EUR 28.3 million. Top 3 non-life insurers generated 56.4% of non-life GWP.
It is important to note:
According to the 3Q2014 insurance statistics published by the Financial Supervision Authority in Estonia - FSA, the total GWP reported by the insurers registered in Estonia totaled more than EUR 333 million, 4% more y-o-y. It is worth to mention that, the FSA figures reflects the performance of the insurers registered in Estonia - including their cross- border business.
The figures publisehd by the Estonian National Statistics Board - reflects the performance of Estonian insurers and other EU branches - for the insured risks only in Estonia.
Access www.xprimm.com and download the 3Q2014 Estonian insurance market.
Market portfolio:
- Gross written premiums
- Paid claims
- Growth rates
Life and non-life rankings:
- Gross written premiums
- Paid claims
- Market shares
- Growth rates
4645 views
