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Estonia Insurance Report Q1 2017

  • November 2016
  • -
  • Business Monitor International
  • -
  • 52 pages

Includes 3 FREE quarterly updates


BMI View:

Although one of the smallest markets in the region in terms of the total volume of premiums written, Estonia's insurance market does present positive growth trends. GDP growth in the country is accelerating and, along with the diversification of the domestic economy, this will stimulate demand for a range of non-life products. In the life sector, improvements to household income rates (including ongoing increases to the minimum wage) will improve the affordability of various life products and increase capacity for savings and other retirement products. Despite positive premium growth, the small size of the market and saturated nature of the competitive landscape means new entrants are unlikely.

Key Updates And Forecasts


- The government has approved the draft state budget for 2017. Budget provisions include EUR1.67bn for the National Pension Fund and increases to the average retirement pension. The government has also updated the formula used to calculate mandatory health insurance contributions and is increasing the budget for the Health Insurance Fund to EUR1.09bn.

Table Of Contents

Estonia Insurance Report Q1 2017
BMI Industry View 5
Table: Headline Insurance Forecasts (Estonia 2013-2020) 5
SWOT 6
Insurance 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Estonia 2013-2020) 11
Table: Life Insurance Claims (Estonia 2008-2015) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Estonia 2013-2020) 15
Table: Non-Life Insurance Claims (Estonia 2009-2015) 17
Non-Life Sub-Sector Forecast 17
Table: Non-Life Insurance Premiums by Product Line (Estonia 2013-2020) 26
Insurance Risk/Reward Index 27
Emerging Europe Insurance Risk/Reward Index 27
Table: Emerging Europe Insurance Risk/Reward Index - Q117 28
Market Overview 29
Life Market Overview 29
Product Offering 29
Competitive Landscape 29
Table: Life Insurance Market Share (USDmn), 2010-2015 31
Non-Life Market Overview 32
Product Offering 32
Competitive Landscape 32
Table: Non-Life Insurance Market (USDmn), 2010-2015 34
Company Profile 35
Compensa Life VIG 35
ERGO 38
If PandC Insurance 40
Seesam 42
Swedbank Life Insurance 44
Methodology 46
Industry Forecast Methodology 46
Sector-Specific Methodology 47
Risk/Reward Index Methodology 49
Table: Indicators 51
Table: Weighting of Indicators 52

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