STATISTICS: GWP of Estonian insurers in H1 up by 3.3% to EUR 225 million

Gross insurance premiums reported by the four life insurers and by the eight general insurers operating in Estonia in the first half of 2014 increased by 3.3% compared to the year before to EUR 225 million, according to statistics published by Financial Supervision Authority of Estonia. The value of claims paid by insurers decreased 6.4% y-o-y to EUR 114 million.

On the life segment, the amount of GWP was up 11.3% to EUR 44 million, while the value of indemnities decreased almost a quarter to EUR 15.6 million. The leading insurance company by size of GWP was the Austrian-owned COMPENSA Life VIG - market share of over 48% of the total.

In terms of GWP, the general insurance sector was dominated by motor hull insurance (>24% of total market), property (almost 21%) and motor TPL (~20%). Top 3 non-life insurers were formed by the Finnish IF P&C Insurance (35.8%), Germans from ERGO (27.5%) followed by SEESAM Insurance - owned by the Finnish financial group OP-Pohjola (13.6% market share).

Access www.xprimm.com and download the 1H2014 Estonian insurance market.

Market portfolio (in EUR):
  • Gross written premiums
  • Paid claims 
  • Growth rates
Life and non-life insurance lines insurance companies ranking (in EUR):
  • Gross written premiums
  • Paid claims 
  • Market shares
  • Growth rates

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

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