Estonian insurers posted aggregate business worth EUR 169.62 million in Q1 2024, or 9.51% more 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 1.36% y-o-y to EUR 20.81 million, while the value of non-life GWP totaled EUR 148.81 million, up by 10.76% y-o-y.

The aggregate value of insurance claims paid by local and other EU branches expanded to over EUR 100 million at the end of Q1 2024: +7.64% y-o-y to EUR 106.65 million, of which EUR 17 million related to life segment, the remaining EUR 89 million being accounted by the non-life subclasses.

Among the five active life insurers, the market leader was SWEDBANK Life Insurance SE (~45.66% market share), while Estonia's market leader on the non-life insurance segment was Swedbank P&C Insurance (17.94%).

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