The Parliment of Estonia, Riigikogu, has approved the text of the new law on insurance activities. Today, only a few types of companies have the right to do insurance business inside Estonia. The new law will permit specific commercial associations to act as insurers too.

During 2018 there were 35,251 road motor incidents in Estonia, the lowest number in the past 4 years. While the number of incidents decreased, the average claim has increased in value by 11,62% compared to 2017.

Estonian insurance market totaled EUR 357 million at the end of September 2018, up by 13.7% y-o-y, according to quarterly market figures published by the Estonian National Statistics Board.

SEB - one of the largest life insurers in Baltic region announced is planning to merge its units in the Baltic States, "into one legal entity to further improve our operational efficiency and deliver improved customer services. The merger will not affect our services to the customers".

Estonian non-life insurer SEESAM, one of last entered players in the VIG family, raised its GWP in the Baltic states by 10% y-o-y, to EUR 54.1 million, informs LETA, quoting Dace ZITMANE, marketing manager at the Latvian branch of the company.

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Estonian insurers reported H1 2018 GWP of EUR 243 million, almost 17% more compared with January-June 2017, according to the market figures published by the Estonian National Statistics Board.

As part of a Governmental plan to support organic farming, Estonian farmers involved in this segment will benefit starting 2019 from a 70% contribution of the State to the premiums paid by farmers in crop insurance, livestock and plant insurance, if the Ministry of Rural Affairs proposal will be approved.

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.

Estonian insurers reported aggregate FY2017 GWP of EUR 427.3 million, up by 10.1% y-o-y, according to the market figures revealed on the website of the Estonian National Statistics Board.

Estonian insurance market totaled EUR 315 million at the end of September 2017, up by 10.6% y-o-y, according to quarterly market figures published by the Estonian National Statistics Board.

At the end of October, the Estonian Parliament passed a bill of amendments to the Insurance Activities Act initiated by the government, according to which the European Union's Insurance Distribution Directive (IDD) will be adopted, informs LETA/BNS, quoted by The Baltic Course.

Estonian insurers reported H1 2017 GWP of EUR 207.8 million, 9.5% more compared with January-June 2016, according to the market figures published by the Estonian National Statistics Board.

Estonian insurers reported in Q1 2017 GWP of EUR 99.7 million, up 8.6% y-o-y, according to the quarterly figures published by the Estonian National Statistics Board.

Estonia has allowed the testing of self-driving cars on the country's roads; however, an additional condition is that the vehicle must also have a driver who can take control if needed.

Insurers operating on the Estonian market reported total GWP of EUR 388 million for the financial year 2016, up by 7.4% y-o-y, according to the market data published by the Estonian National Statistics Board. The value of life GWP increased by 3.9% y-o-y, to EUR 85.7 million (22.1% of the total market), while Estonian general insurers posted GWP of EUR 302.3 million, 8.5% more y-o-y.

Estonian insurers posted aggregate GWP of EUR 285 million at the end of September, up by 6.7% y-o-y, according to quarterly market figures published by the Estonian National Statistics Board. The total value of life GWP was down by 0.4% y-o-y to EUR 60.2 million, while the non-life segment totaled EUR 224.8 million, or 8.7 %more y-o-y.

Estonian insurers reported H1 GWP of EUR 190 million, 6.3% more compared with January-June 2015, according to the market figures published by the Estonian National Statistics Board. At the same time, the value of paid claims increased by 13.7% y-o-y, to EUR 112 million.

Alerted by the increase of terrorist attacks in the West, a couple of Estonian insurance companies have added the costs related to risk factor to their basic packages.

Estonian insurers reported in Q1 2016 GWP of EUR 91.78 million, up 5.21% y-o-y, according to preliminary aggregate market figures published by the Estonian National Statistics Board. Per insurance classes, the total value of GWP on the life segment was down by 4.18% y-o-y to EUR 19 million (20.69% of the total market), while the value of non-life GWP totaled EUR 72.79 million, 7.97% more y-o-y.