Estonia

Location:
- Eastern Europe, bordering the Baltic Sea and Gulf of Finland;
- Neighbours: Finland, Russia, Latvia.

Climate:
- maritime;
- wet, moderate winters;
- cool summers.

Natural hazards:
- floods in the spring;

European Union:
EU member, since 2004

Currency: Euro

Code: EUR
Since: 2011
- replaced Estonian kroon (EEK)

1 EUR = 15.6466 EEK (fixed)

Sources:




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Location map
author: OCHA/ReliefWeb


 


Statistics

Estonia Timelaine 2008-2017

Estonia FY2018 Market Portfolio

See all statistics

Latest news




Estonia to adopt the Insurance Distribution Directive

At the end of October, the Estonian Parliament passed a bill of amendments to the Insurance Activities Act initiated by the government, according to which the European Union's Insurance Distribution Directive (IDD) will be adopted, informs LETA/BNS, quoted by The Baltic Course.



ESTONIA allows self-driving cars on the roads

Estonia has allowed the testing of self-driving cars on the country's roads; however, an additional condition is that the vehicle must also have a driver who can take control if needed.

STATISTICS: ESTONIA, FY2016: Non-life lines saw the best results, driving up the market results

Insurers operating on the Estonian market reported total GWP of EUR 388 million for the financial year 2016, up by 7.4% y-o-y, according to the market data published by the Estonian National Statistics Board. The value of life GWP increased by 3.9% y-o-y, to EUR 85.7 million (22.1% of the total market), while Estonian general insurers posted GWP of EUR 302.3 million, 8.5% more y-o-y.

STATISTICS: ESTONIAN insurers' GWP up by almost 7% y-o-y in 3Q

Estonian insurers posted aggregate GWP of EUR 285 million at the end of September, up by 6.7% y-o-y, according to quarterly market figures published by the Estonian National Statistics Board. The total value of life GWP was down by 0.4% y-o-y to EUR 60.2 million, while the non-life segment totaled EUR 224.8 million, or 8.7 %more y-o-y.

STATISTICS: GWP in ESTONIA's insurance market up 6.3% in H1

Estonian insurers reported H1 GWP of EUR 190 million, 6.3% more compared with January-June 2015, according to the market figures published by the Estonian National Statistics Board. At the same time, the value of paid claims increased by 13.7% y-o-y, to EUR 112 million.


STATISTICS: ESTONIA, 1Q2016: GWP up to EUR 92 million, driven by non-life lines

Estonian insurers reported in Q1 2016 GWP of EUR 91.78 million, up 5.21% y-o-y, according to preliminary aggregate market figures published by the Estonian National Statistics Board. Per insurance classes, the total value of GWP on the life segment was down by 4.18% y-o-y to EUR 19 million (20.69% of the total market), while the value of non-life GWP totaled EUR 72.79 million, 7.97% more y-o-y.

SEB: 70% ESTONIANS don't believe in sustainability of pensions

Even though residents of Estonia are better prepared for retirement than people in Latvia and Lithuania, more than 70% of Estonians don't believe that the present pension system is sustainable, it appears from the Baltic Retirement Readiness Index Survey based on a poll taken by TNS, cites LETA.

STATISTICS: ESTONIA's insurance market is expanding steadily

Last year, the Estonian insurance market posted total gross written premiums of EUR 361.2 million, up by 6% y-o-y, according to FY2015 preliminary market figures published by the Estonian National Statistics Board. Claims paid during the period were up by 9.2% y-o-y to EUR 207 million. It's worth mentioning that the figures published by the Estonian National Statistics Board reflect the performance of Estonian insurers and other EU branches for the insured risks only in Estonia.


STATISTICS: ESTONIAN insurers' GWP rises 5.4% in Jan-Sept

Estonian insurers posted aggregate GWP of EUR 267 million at the end of September 2015, up by 5.4% y-o-y, according to quarterly market figures published by the Estonian National Statistics Board. Of all five life insurers, the market leader was SWEDBANK Life Insurance SE (40.2% market share), while Estonia's market leader in non-life insurance was If P&C Insurance AS (27%).

STATISTICS: ESTONIA's insurance market posts 4.6% half-year growth in GWP

The insurers activating on the Estonian market reported total gross written premiums of EUR 178 million at the end of June 2015, up by 4.6% y-o-y, according to the market figures published by the Estonian National Statistics Board. At the same time, the value of paid claims was up by 7.1% y-o-y to EUR 99 million.

If half-year profit in Baltics reduced by 13% in H1

The insurance company If P&C Insurance AS in Estonia and its subsidiaries in Latvia and Lithuania earned EUR 9.3 million in the first half of the year 2015, which is 13% less than in the respective period last year, when the company's profit reached EUR 10.7 million, as the company informed LETA.


If earns EUR 5.2 mln in Q1 in Baltics

The total profit of the Estonian insurance company If P&C Insurance AS, and its subsidiaries in Latvia and Lithuania, amounted to EUR 5.2 million in the first quarter of 2015, reports LETA, according to If P&C Insurance AS.