Last year, Estonian insurance market totaled EUR 486.3 million in terms of GWP, up by 3.7% y-o-y, according to FY2021 market figures published by the Estonian National Statistics Board. The life insurance segment increased by 1.5% y-o-y to EUR 86.8 million, while in the case of non-life insurance market, the GWP amounted to EUR 399.5 million (82.1% of total), up by 4.2% y-o-y.
23 February 2022
According to LKF (the Estonian Traffic Insurance Fund), during 2021 the number of traffic accidents increased by a fifth, while the average traffic damage was EUR 1,960. Thus, last year occurred 35,900, of which 33,200 of them in Estonia and 2,700 cases were caused by Estonian vehicles abroad.
14 February 2022
According to the data
published by the Estonian Traffic Insurance Fund (LKF), during the first eleven months of 2021 there were reported about 29 thousand traffic accidents related to Motor TPL policies with a total loss of EUR 51 million. Of this total, about 11 thousand are parking accidents, with a total loss of EUR 12 million, with an average damage per claim file of EUR 1,085.
31 December 2021
According to the statistics of the
Association of Insurance Companies, 422 fires in the amount of EUR 7 million have been indemnified under home insurance in the first nine months of this year vs 414 fire indemnities worth EUR 9.4 million paid last year.
17 November 2021
Estonian insurers posted Q3 2021 GWP of EUR 359 million, 2.7% more y-o-y or EUR 9.3 million in absolute value, according to the market figures published by the Estonian National Statistics Board.
10 November 2021
According to the statistics of the
Association of Estonian Insurance Companies, 149,600 life insurance contracts were in force by the end of 1H2021. Compared to two years ago before the pandemic crisis, 5,500 contracts have been added.
1 November 2021
According to the
Association of Estonian Insurance Companies, the employer's health insurance has more than doubled in a year. This year, 510 employers have purchased voluntary health insurance, insuring a total of 20,400 employees. In the middle of last year, only 230 employers insured a total of 7,600 employees.
11 October 2021
According LKF statistics (the Estonian Traffic Insurance Fund), a record number of traffic accidents occurred this summer (from June to August): about 8,000 claim files with a total loss of EUR 15 million.
6 October 2021
In August, the Estonian Traffic Insurance Fund (LKF) sent 10,300 reminders on termination of MTPL policies. About 60% of those who received reminders, renewed their insurance contracts,
LKF said.
15 September 2021
According to the statistics of the Estonian Traffic Insurance Fund (LKF), during the first six months of the year 17,080 traffic accidents have occurred, with cars insured by Estonian insurers, which is 25% more than last year. Of this total, 15,790 traffic insurance cases were registered in Estonia and 1,290 abroad.
16 August 2021
Estonian insurers reported H1 GWP of EUR 241.5 million, 2.4% more compared with January-June 2020, according to the market figures published by the Estonian National Statistics Board.
In GWP terms, the life segment was down by 2.7% to EUR 40.7 million (16.9% of total GWP), while the GWP by Estonian non-life insurers totaled EUR 200.7 million, 3.5% more y-o-y.
Among the five life insurers, the largest insurer remained SWEDBANK Life Insurance SE (46.1% market share), while If P&C Insurance AS (19.4%) lead the general insurance segment.
16 August 2021
This year's hot summer has had its impact on the nation's insurers, some of whom have reported a rise in claims over damages not only relating to storms, but also directly and indirectly to hot weather in general, including traffic accidents and damage to personal items cause by the heat, Estonian ERR information websites reports.
29 July 2021
LHV Kindlustus, Estonian LHV Group's recently established non-life insurance unit, ended the first half of the year with a net loss of EUR 388,000. The consolidated net profit of AS LHV Group, including banking, asset management and insurance businesses, reached EUR 24.3 million.
20 July 2021
According data provided by LKF (Estonian Traffic Insurance Fund), the number of traffic accidents related to MTPL policies issued by Estonian insurers was 2,570 in May 2021, about 30% more as compared with May 2020.
30 June 2021
According to LKF (Estonian Traffic Insurance Fund)
statistics, the MTPL annual average premium fell to EUR 108 in the first quarter of 2021. As comparison, two years ago the same indicator was EUR 145, about 26% less.
14 June 2021
Estonian insurers reported a GWP of EUR 118 million in Q1 2021, or 0.94% less y-o-y, according to quarterly figures, published by the Estonian National Statistics Board. The total value of GWP for the life segment increased by 1.87% y-o-y to EUR 20.94 million, while the value of non-life GWP totaled EUR 97.93 million, down by 1.52% y-o-y.
27 May 2021
Estonian LHV Kindlustus, has just started the active offering of motor insurance, bringing a domestic alternative to the non-life insurance market occupied by foreign companies,
MarketScreener reports. The company is already providing home insurance, as well as equipment and additional guarantee insurance.
13 May 2021
According to the EKsL statistics (Association of Estonian Insurance Companies), last year, local insurers settled about 30 thousand home insurance claims, about one third of them being caused by pipe leaks.
29 April 2021
According to the Estonian Insurance Association (EKsL), due to the slipperiness caused by the freezing rain that hitted Estonia, on February 23, 360 traffic accidents covered by MTPL or MoD policies occured, with a total incurred loss of about half million euro.
11 March 2021
According to the statistics of the Estonian Traffic Insurance Fund (LKF), during last year were reported about 29,700 traffic events subject to MTPL insurance policies, which is 6,400 less than last year.
9 March 2021