Estonia Insurance Report 2013

  • ID: 2272517
  • October 2012
  • Region: Estonia
  • 72 Pages
  • Business Monitor International
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The Estonia Insurance Report provides industry professionals and strategists, corporate analysts, insurance associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Estonia's insurance industry.

There are many positive aspects to Estonia's insurance sector. Development has benefited from macroeconomic conditions over the long-term that have, in general, been more positive and stable than in Latvia or Lithuania. The regulator is effective and well regarded. The overwhelming majority of the activity is accounted for by local subsidiaries or branches of major multi-nationals. Examples include Swedbank Life Insurance, SEB Life & Pensions International and Mandatum Life in the life segment, RSA, Seesam, Gjensidige and If Property & Casualty in the non-life segment, and ERGO and Vienna Insurance Group (VIG – through its Compensa operation) in both.

In the non-life segment, a key development through H112 is that the non-life segment has returned to double-digit growth in terms of premiums. This has been substantially the result of higher premiums for compulsory motorists' third-party liability (CMTPL) READ MORE >

Note: Product cover images may vary from those shown
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Executive Summary 5
Table: Total Premiums, 2010-2017 5

Key Insights And Key Risks 5

SWOT Analysis 7

Estonia Insurance Industry SWOT 7

Estonia Political SWOT 8

Estonia Economic SWOT 8

Estonia Business Environment SWOT 9

Life Sector Overview 10

Central And Eastern Europe Life Sector Overview 10
Table: Central And Eastern European Life Premiums, 2010-2017 (US$mn) 10

Estonia Life Sector Update 13

Life Industry Forecast Scenario 14
Table: Life Premiums, 2010-2017 14

Growth Drivers And Risk Management Projections 14

Population 14
Table: Insurance Key Drivers, Demographics, 2010-2017 15

Non-Life Sector Overview 17

Central And Eastern Europe Non-Life Sector Overview 17
Table: Central And Eastern European Non-Life Premiums, 2010-2017 (US$mn) 17

Estonia Non-Life Sector Update 20

Non-Life Industry Forecast Scenario 22
Table: Non-Life Premiums, 2010-2017 22

Growth Drivers And Risk Management Projections 22

Macroeconomic Outlook 22
Table: Estonia Economic Activity 25

Political Stability Outlook 25

Healthcare 26

Healthcare Insurance 27
Table: Reimbursement Spending By Key Therapeutic Area, 2010-2011 (EURmn) 28
Table: Medicinal Products Reimbursed For Insured Patients, 2009-2011 (EURmn) 29
Table: Healthcare Expenditure By The HIF, 2006-2011 (EURmn) 30

Epidemiology 30
Table: Insurance Key Drivers, Disability-Adjusted Life Years, 2010-2017 31

Motor 32

Insurance Risk/Reward Ratings 34
Table: Estonia's Insurance Risk/Reward Ratings 34
Table: Central And Eastern Europe Insurance Risk/Reward Ratings 35

Competitive Landscape 36

Competitive Landscape Analysis 36

Major Players In Estonia's Insurance Sector 37

Estonia Insurance Report 2013

© Business Monitor International Ltd

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Company Profiles 39

BTA Insurance Company SE 39


Gjensidige Baltic 44

QBE Insurance Group 46

RSA 49

Salva 52

Sampo Group (P&C and Mandatum Life) 54

SEB Life & Pension International 57

Seesam 59

Swedbank Life Insurance 61

Vienna Insurance Group 63

BMI Methodology 67

Insurance Risk/Reward Ratings 69
Table: Insurance Risk/Reward Indicators And Rationale 70
Table: Weighting Of Indicators 71

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown


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