STATISTICS: Estonia, FY2018: Insurers' reorganization in the Baltic region influences the local market dynamic

Insurers operating on the Estonian market reported total GWP of EUR 552 million for the financial year 2018, up by 29.2% y-o-y, according to the market data published by the Estonian National Statistics Board.

Life GWP increased by 4.6% y-o-y, to EUR 95.5 million (17.3% of the total market), while Estonian general insurers posted GWP of EUR 456.6 million, 35.9% more y-o-y due to the growth rates reported by property lines (+51.8%), MoD (+43.9%) and Motor TPL (+15.2%)

It is worth mentioning the aggregate market portfolio and the GWP rates are strongly influenced by the insurers' reorganization in the Baltic region, most of them merging their Latvian, Lithuanian and Estonian subsidiaries into one - the headquarters being chosen most of the time in Tallinn, the capital of Estonia, as in case of Swedbank, SEB, VIG or ERGO.

Access and download the FY2018 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

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

Share |

Related articles


Supervisory Board Chair NN Group steps down

NN Group announces that Jan HOLSBOER, chair of the Supervisory Board of NN Group, has decided to step down as of the close of the annual general meeting (AGM) on 29 May 2019. The Supervisory Board has elected David COLE as Jan HOLSBOER's successor.


Peter CLARKE named VP & COO of FAIRFAX

FAIRFAX Financial Holdings Limited announced that Peter CLARKE has been appointed Vice President (VP) and Chief Operating Officer (COO) of FAIRFAX, reporting to FAIRFAX President, Paul RIVETT.



Inclusive Insurance - just a week to the second edition of IIF - CEE & SEE Regional Actuarial Insurance Conference in Skopje

Insurance should be accessible to all social classes, regardless of their wealth & income status. Products offered today are conventional insurance products, largely inspired from the developed markets as "one-size-fits-all" solutions, affordable to only middle- and high-income clients in the Eastern Europe's emerging & developing markets. Inclusive insurance's goal is making insurance available to all, with responsible insurance offers, thus making up for a solution to narrow the insurance coverage gap in the region.


Latest trends and challenges in the property and motor insurance lines under scrutiny, in Vienna

Property and motor insurance lines are providing for about 75% of the non-life insurance business in the CEE region, but are responsible for over 77% of the claims expenses. As such, although other classes of risks are emerging, for the time being and most probably for a rather long period ahead, property and motor insurance lines will continue to be at the heart of CEE's insurance market architecture.


FIAR 2019: Register before 28 February and save EUR 400 of the attendance fee

To the satisfaction of its traditional guests, FIAR returns in 2019 to its historical hometown, Sinaia. The forthcoming edition will benefit from the comfort and professional facilities of a new venue, the Conference Center of the International Hotel ****, located in the heart of the beautiful mountain resort. Registration is opened at a significantly discounted early bird rate until 28 February.


See all