STATISTICS: ESTONIAN market posted H1 impressive growth rates across all main subclasses

Estonian insurers reported H1 2017 GWP of EUR 207.8 million, 9.5% more compared with January-June 2016, according to the market figures published by the Estonian National Statistics Board.

It is worth mentioning that 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.

In GWP terms, the life segment was up by 6.6% to EUR 43.2 million (20.8% of total GWP), due the 28.9% growth rate reported by the unit-linked sub segment.

The GWP by Estonian non-life insurers totaled EUR 164.7 million, 10.4% more y-o-y. Except the "goods in transit" subclass (-4.7% y-o-y), the non-life segment posted increases across all subclasses, the largest rates being recorded by "travel insurance" (+22.7%), "insurance of pecuniary loss" (+17.9%) and Motor TPL (+15.5%).

Among the five life insurers, the market leader as GWP is SWEDBANK Life Insurance SE (43% market share), while If P&C Insurance AS (22.1%) lead the general insurance segment.

Access www.xprimm.com and download the 1H2017 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
  • Growth rates

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