STATISTICS: ESTONIA, FY2017: Non-life business pushed the market growth-rate in the "double digit area"

Estonian insurers reported aggregate FY2017 GWP of EUR 427.3 million, up by 10.1% y-o-y, according to the market figures revealed on the website of the Estonian National Statistics Board.

Life GWP increased by 6.5% y-o-y, to EUR 91.3 million (21.4% of the total market), while Estonian general insurers posted aggregate GWP of EUR 336 million, 11.1% more y-o-y.

On the life segment, the largest share was held by unit-linked products (GWP of EUR 33.6 million), followed by pension insurance (EUR 22.1 million). In case of non-life subsclasses, the largest portfolio shares were accounted by MoD sub-class (GWP of EUR 109.8 million), Motor TPL (EUR 93.1 million) and property insurance (EUR 85.8 million).

Out of all five life insurers, in terms of GWP, the largest insurer in the country was SWEDBANK Life Insurance SE (40.8% market share), while the country's market leader in non-life insurance was If P&C Insurance AS (21.5% market share),

Note: 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 (excluding the cross-border business).


Access www.xprimm.com and download the FY2017 Estonian insurance market statistics.

Market portfolio:

  • Gross written premiums
  • Paid claims
  • Growth rates

Life and non-life rankings:

  • Gross written premiums
  • Paid claims
  • Market shares

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

ON THE MOVE

Bulgaria: Boiko ATANASSOV appointed as FSC's head

The Parliament of the Republic of Bulgaria appointed Boiko ATANASSOV as Chairperson of the Financial Supervision Commission (FSC) on March 15, with 134 votes in favour, none opposed or abstained.

21.03.2019

TOP EVENT

Climate and cyber: two Cs with catastrophic potential and the insurance business - under debate in Vienna, on April 9

10 years after its inception, the Romanian mandatory dwelling insurance system has progressed and PAID, the pool underwriting and managing the mandatory policies is a strong and financially sound institution. "We are currently managing a reinsurance program worth EUR 920 million, with a pool of excellent reinsurers, more than half of them rated AA+, while the company's solvency rate is of 220%," recently stated Nicoleta RADU, CEO, PAID.

21.03.2019

Conclusions: TBILISI - the first Georgian International Insurance Conference

The first Georgian International Insurance Conference took place on 14 March 2019. The event put under scrutiny the current status and the future development perspectives of the local market, in an attempt of identifying the main growth opportunities. The forthcoming launch of the mandatory MTPL system was the most important topic on the agenda, as this new line of business has the potential to provide for a significant growth, but also to become a market disruptor.

14.03.2019

See all