STATISTICS: ESTONIA, 1Q2020: Market compressed by 1.6% y-o-y million to EUR 120 million

9 July 2020 — Andrei Victor
Estonian insurers reported GWP of EUR 120 million in Q1 2020, or EUR 2 million less y-o-y, according to quarterly figures published by the Estonian National Statistics Board. The total value of GWP for the life segment decreased by 13.7% y-o-y to EUR 20.6 million, while the value of non-life GWP totaled EUR 99.5 million, up by 1.2% y-o-y.

Among the five life insurers, the market leader was SWEDBANK Life Insurance SE (~47% market share), while Estonia's market leader on the non-life insurance segment remained If P&C Insurance AS (~18.8%).

The aggregate value of insurance claims paid by local and other EU branches was up by 9.7% y-o-y to EUR 79 million, of which EUR 18 million related to life segment, the remaining EUR 57 million being accounted by the non-life subclasses.


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