In January-March 2012, the gross written premiums of insurance companies in Estonia increased slightly, by 0.14%, reaching EUR 104.82 million, compared with total underwritings in the correspondent period of 1Q2011. Claims paid by insurers amounted to EUR 63.96 million according to official data published by the Financial Supervision Authority of Estonia. At the end of March, underwritings on life insurance decreased by 18.17% y-o-y, reaching EUR 34.12 million. At the same time Estonian general insurers totaled EUR 70.70 million, increasing in absolute value by about EUR 7.72 million.

Top 3 life insurers (SWEDBANK Life Insurance SE, COMPENSA Life VIG SE and MANDATUM Life Ins. Baltic SE) collected 88.28% of insurance premiums. Comparing with 1Q2011, the volume of insurance premiums decreased for all life insurance companies, except COMPENSA Life VIG SE. The insurer collected 22.76% more insurance premiums in 2012 and its market share increased from 13.12% to 19.68%.

In 1Q2012, If P&C Insurance AS had the biggest share of the non-life insurance market (44.83%). The market share of SEESAM Insurance AS was 17.28% (ranked second), and ERGO Kindlustus's market share was 14.65%.

Access www.xprimm.com and download the 1Q2012 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