ESTONIA 1Q2014: Stagnation in non-life, double digit increase in life insurance

During January-March 2014, the gross written premiums of Estonian insurance companies increased by 3.3% y-o-y, reaching EUR 113.6 million, due the double digit positive performance reported by the life insurers: +14% y-o-y to EUR 23.2 million.

Claims paid by insurers amounted to EUR 61.6 million (of which EUR 51.7 million related to non-life insurance classes), according to the Q1 2014 statistics published by the Estonian FSA.

Of all four life insurers, the market leader was COMPENSA Life VIG SE (51.6% market share), followed by SWEDBANK Life Insurance SE (31.8%) and SEB Elu-ja Pensionikindlustus (12.6%). MANDATUM Life Ins. Baltic SE collected 3.9% of insurance premiums.

Estonia's market leader in non-life insurance was If P&C Insurance AS, which reported almost EUR 35 million in GWP. ERGO Insurance ranked second with ~EUR 22.6 million followed by SEESAM - EUR 14.7 million.

Access www.xprimm.com and download the 1Q2014 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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