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.

The aggregate value of insurance claims paid by local and other EU branches decreased by 5.45% y-o-y to EUR 74.77 million, of which EUR 18 million related to life segment, the remaining EUR 56.76 million being accounted by the non-life subclasses.

Among the five life insurers, the market leader was SWEDBANK Life Insurance SE (~45% market share), while Estonia's market leader on the non-life insurance segment remained If P&C Insurance AS (~19%).

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