ESTONIA, 1Q2013: The double-digit growth rate pushed the market to EUR 110 million

In January-March 2013, the gross written premiums of insurance companies in Estonia increased by 23.75%, reaching EUR 110 million, compared with total volume of premiums in the correspondent period of 1Q2012. Claims paid by insurers amounted to EUR 61.30 million according to official data published by the Financial Supervision Authority of Estonia.

According to the figures, life insurers generated a total value of GWP of EUR 20.37, 12% more y-o-y, representing 18.5% of the total insurance market. At the same time, taking into consideration 1Q2012 figures, in January-March 2013 Estonian general insurers totaled EUR 70.70 million in GWP, increasing in absolute value by about EUR 18.9 million.

On general insurance market, the growth rate value of GWP experienced significant changes in the property insurance, where the amount of premiums increased 21.5% y-o-y, in accidents insurance (+41%) and GTPL - +23.9% y-o-y.

In terms to the two motor insurance classes (MTPL and motor hull, summed), they generated the largest volume of business in the market: EUR 45.9 million, representing almost 42% of the whole insurance market. Motor hull insurance class captured as previously the largest market share - 23.6% (EUR 26 million of insurance premiums), while the market share of MTPL insurance was over 18% (EUR 19.9).

Access www.xprimm.com and download the 1Q2013 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

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