STATISTICS: ESTONIA, 3Q: The two motor segments generate about half of the insurance market

Estonian insurance market totaled EUR 315 million at the end of September 2017, up by 10.6% y-o-y, according to quarterly market figures published by the Estonian National Statistics Board.

The total value of life GWP was up by 7.1% y-o-y to EUR 64.5 million (20.5% of total GWP), while the non-life segment totaled EUR 250.7 million, or 11.5% more y-o-y.

In case of life business, in terms of GWP, the largest shares were accounted by unit-linked products (GWP of EUR 23.6 million), pension insurance (EUR 14.4 million) and term policies (EUR 12.2 million).

In case of non-life, property polices generates about EUR 63.5 million in GWP, while the two motor segments (MoD and MTPL, summed) generates about a half of the entire insurance market: EUR 145 million.

Of all five life insurers, the market leader was SWEDBANK Life Insurance SE (42.8% market share), while Estonia's market leader in non-life insurance was If P&C Insurance AS (21.7%).

Note:

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

Access www.xprimm.com and download the 3Q2017 Estonian insurance market statistics.
  • Aggregate market portfolio (GWP, claims, growth rates, shares)
  • Life & non-life rankings (GWP, claims, growth rates, market shares)

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