The business of life insurance companies in Estonia has been gravely affected by the economic recession and ongoing financial crisis.
Over half of respondents to an online poll by Swedbank said they have no opportunity to build up savings because there's simply nothing left over from their salaries at the end of the month.
Although by law, banks are not allowed to cross-sell insurance and car leasing or housing loans, it is well known that they often do so, offering loan customers services of the bank-owned insurer, writes Aripaev.
Pohjola will expand its services in the Baltic region by opening a branch office in Tallinn. These new services for corporate customers in Estonia cover payment and liquidity management as well as working capital finance and investment financing.
Problems in pan-Baltic management of the Estonian subsidiary of German insurance giant ERGO continue, and the insurer keeps losing executives and market share, writes ?ripaev.