Eastern Europe, bordering the Baltic Sea and Gulf of Finland, between Latvia and Russia

maritime; wet, moderate winters, cool summers
Natural hazards:
sometimes flooding occurs in the spring

Currency: EURO

The Estonian National Statistics Board
Financial Supervision Authority of Estonia (Finantsinspektsioon)
Estonian Insurance Association (EKL)
National Bank of Estonia

Source of statistics:
Until 1H2014 - FSA
Starting 3Q2014 - The National Statistics Board

Note: The FSA figures reflects the performance of the insurers registered in Estonia - including their cross- border business. The figures publisehd by the Estonian National Statistics Board - reflects the performance of Estonian insurers and other EU branches - for the insured risks only in Estonia.

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1H2014Insurance market overview pdf
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FY2013Insurance market overview pdf
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FY2012Insurance market overview pdf
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FY2011Insurance market overview pdf
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2010Market portfolio and rankingsxlsx
Estonian insurance market overviewpdf
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2009Estonian insurance market overview pdf
2009Market portfolioxls
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1H2010Estonian insurance market overviewpdf
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Estonia Timelaine 2008-2017

Estonia FY2018 Market Portfolio

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The upswing trend established in the Estonian market is the previous quarters continued also in the last three months of the previous year. Thus, the market ended 2013 with a 24% y-o-y growth in GWP, to almost EUR 428 million, driven by the non-life insurance lines which recorded impressive double digit growth rates. At the same time, claims paid by the Estonian insurers in 2013 amounted to EUR 238 million, 16% up y-o-y.

ESTONIA: Life and health insurance promotion through tax incentives needed for dealing with the raising occupational accident statistics

In recent years the number of occupational accidents recorded by the Estonian Labor Inspectorate grew continuously, from about 3.000 in 2009 to approximately 4.000 in 2013. Only last year SEB Elu-ja pensionikindlustus registered 33 occupational accidents, paying its clients over 12.000 euro, the insurers' representatives told the Baltic Course. In this context, Estonian employees are severely under-insured for the risks arising from their occupational profile.

ESTONIA's insurance market rises 24% in 3Q2013

In January-September 2013, the gross premiums written by the Estonian insurance companies increased by 23.7%, reaching EUR 320 million, compared with total GWP in the correspondent period of 2012. Claims paid by insurers amounted to EUR 178.4 million according to official data published by the Financial Supervision Authority of Estonia.

Number of accidents in ESTONIA's most dangrous roundabout down by 40%

While generally traffic re-organisations made by City of Tallinn such as designating special bus lanes have caused motorists much grief, it seems that there is one exception - the notorious Haabersti roundabout in Õismae which is known as Estonia's most dangerous intersection, writes Postimees.

Austrian Vienna Insurance Group to enter Estonian market

According to Peter Hagen, CEO of the owner of life insurance company Compensa Life, Austrian insurance company Vienna Insurance Group (VIG), the group will enter the Estonian insurance market next year, the daily Postimees reports on Monday.

ESTONIA 1H2013: impressive GWP growth rates, but scarce profitability

The Estonian insurance market ended the first half of 2013 with impressive growth rates in terms of GWP, but with less impressive results as far as profitability is concerned. Thus, according to data provided by the Financial Supervision Authority in Estonia, the total GWP amounted to EUR 217.55 million, 23.6% up y-o-y. At the same time, the consolidated net profit for life insurance decreased from EUR 12.73 million in 1H2012 to EUR 4.11 million in 1H2013, while the same indicator for non-life insurance fell from EUR 31.45 million in 1H2012.