Estonia
ESTONIA: Drivers of scooters need traffic insurance
Owners of scooters need to obtain the traffic insurance to ride the motorbikes after July 1, the Estonian national broadcasting corporation ERR reports.
3 July 2012ESTONIA: Insurance services more popular in Lithuania and Estonia than in Latvia
Insurance service usage in Lithuania and Estonia is higher than in Latvia, according to the results of a recent online survey by GfK Custom Research Baltic.
20 June 2012ESTONIA, FY 2011: Again "in the red" after joining the Euro zone
Maybe it has nothing in common, but after joining the Euro zone in 2011, as its 17th member, the Estonian insurance market re-entered on a descend path, with its GWP volume dropping by 6% in comparison with the previous year. In 2010, Estonian insurers managed to place a positive result, with a 16% growth in GWP, a quite impressive result following to 1.3% decrease registered in 2009. On the claims side, Estonian insurers paid EUR 269.4 million in 2011.
15 March 2012ESTONIA: QBE Insurance decided to stop activities
QBE Insurance Europe Limited has, following a strategic market review,
decided to stop concluding new insurance contracts by its Estonians
branch office. "Its existing book will be placed into run off and the
company will continue to perform its obligations under existing
insurance contracts", the company announced in a press release.
15 February 2012ESTONIA: Insurers ascertained 327 fraud cases in 2011
Insurance companies ascertained 327 insurance fraud cases in Estonia in 2011 while 1.88 million euros worth of fraud was prevented with the help of preventive measures, LETA/National Broadcasting reports.
2 February 2012ESTONIA: Christmas storms in Estonia brought insurance companies 1.4 mln euros of damage claims
The storms that ravaged Estonia during the past Christmas have so far brought insurance companies 567 damage claims for 1.4 million euros, LETA/Postimees Online reports.
19 January 2012ESTONIA: Estonian insurance companies have received over 200 damage notices due to storm
Insurance companies If, Salva, Ergo and Swedbank P&C Insurance have received over 200 damage notices in connection with the storm that has ravaged Estonia for the past couple of days, LETA/National Broadcasting reports.
19 January 2012ESTONIA will become the head office of ERGO in Baltic States
Insurance group ERGO will merge its general insurance companies in Latvia, Estonia and Lithuania and set up a head office in Estonia, Nozare.lv was informed by the company. It is planned that the merger will be concluded by January 1, 2013. After the merger, the company will be called ERGO Insurance SE. Also, the Latvian and Lithuanian general insurance companies will proceed with their activities as ERGO branches, writes The Baltic Course.
12 January 2012ESTONIA: Swedbank insurance in Estonia forecasts storm damages bill to reach 400,000 EUR
As of Tuesday morning, Swedbank insurance had received 40 damage claims
connected to the storm that has ravaged Estonia for the past couple of
days, most of them concerning vehicles; the company forecasts that their
clients will submit around a hundred damage claims connected to the
storm, amounting to damage compensations of 400,000 EUR, LETA/Postimees
Online reports.
28 December 2011ESTONIA: The market continued to decline in 3Q2011
In January-September 2011, the gross written premiums of insurance companies in Estonia decreased by 5.2%, reaching EUR 302 million, compared with total underwritings in the correspondent period of 2010. Claims paid by insurers amounted to EUR 193 million according to official data published by the Financial Supervision Authority of Estonia.
6 December 2011INTERAMERICAN Bulgaria enters the Estonian insurance market
The Bulgarian Financial Supervision Commission has approved INTERAMERICAN Bulgaria's application to provide insurance on the territory of Estonia, the authority reports.
5 December 2011ESTONIA: Insurance companies start recovering from recession
The business of life insurance companies in Estonia has been gravely affected by the economic recession and ongoing financial crisis.
10 November 2011ESTONIA: Swedbank: most Estonians unable to accumulate savings
Over half of respondents to an online poll by Swedbank said they have no opportunity to build up savings because there's simply nothing left over from their salaries at the end of the month.
30 August 2011ESTONIA: Insurers demand less cross-selling from banks
Although by law, banks are not allowed to cross-sell insurance and car leasing or housing loans, it is well known that they often do so, offering loan customers services of the bank-owned insurer, writes Aripaev.
30 August 2011ESTONIA: Pohjola opens a branch office for corporate customers in Tallinn
Pohjola will expand its services in the Baltic region by opening a branch office in Tallinn. These new services for corporate customers in Estonia cover payment and liquidity management as well as working capital finance and investment financing.
30 August 2011ESTONIA: Baltic rivalry is tearing insurance giant ERGO apart
Problems in pan-Baltic management of the Estonian subsidiary of German insurance giant ERGO continue, and the insurer keeps losing executives and market share, writes ?ripaev.
23 June 2011
