Estonian insurers posted aggregate business worth EUR 170.38 million in Q1 2025, a volume almost unchanged y-o-y, according to quarterly figures, published by the Estonian National Statistics Board.

The total value of GWP for the life segment increased by 2.86% y-o-y to EUR 21.41 million, while the value of non-life GWP totaled EUR 148.98 million, up by just 0.1% y-o-y. The main reason for this quasi stagnation of the market is the negative trend recorded by the motor insurance lines, which saw a 7.8% fall in GWP.

The aggregate value of insurance claims paid by local and other EU branches expanded to EUR 107.9 million at the end of Q1 2025, +1.17% y-o-y.

Among the five active life insurers, the market leader was SWEDBANK Life Insurance SE (~44.85% market share), while Estonia's market leader on the non-life insurance segment was Swedbank P&C Insurance (17.68%).

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