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Estonia Insurance Report 2014

  • ID: 2691056
  • November 2013
  • Region: Estonia
  • 81 pages
  • Business Monitor International
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FEATURED COMPANIES

  • BTA Insurance Company SE
  • Gjensidige Baltic
  • RSA Group
  • Salva
  • Sampo Group
  • Seesam
  • MORE

BMI View: In theory, Estonia should be one of the most dynamic markets for insurance in Central and Eastern Europe. The reality is rather more prosaic.

The business environment is sound. The regulator is highly regarded. In the recent past, the economy has been resilient, if not exactly booming. Most importantly, the local subsidiaries of very substantial multinationals dominate the non-life segment and comprise the life segment. These are companies that are able to gain economies of scale through operating in much larger markets nearby (e.g. Scandinavia or Austria) as well as across all three of the Baltic states. Even if the economic, political and business environments of Estonia were very challenging, foreign majors such as VIG (which operates as Compensa), RSA,
Gjensidige Baltic, ERGO, SEB Life & Pensions, Swedbank, Seesam and the local offshoots of Finland's Sampo (If P&C and Mandatum Life) could cope easily.

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

  • BTA Insurance Company SE
  • Gjensidige Baltic
  • RSA Group
  • Salva
  • Sampo Group
  • Seesam
  • MORE

BMI Industry View 7
Table: Total Premiums, 2010-2017 7

SWOT 9

Insurance 9

Political 11

Economic 12

Business Environment 13

Industry Forecast 14

Life 14
Table: Life Premiums, 2010-2017 14

Non Life 16
Table: Non-Life Premiums, 2010-2017 16

Industry Risk Reward Ratings 18

Central and Eastern European Risk/Reward Ratings 18
Table: Europe Risk/Reward Ratings 18

Estonia Insurance Risk/Reward Ratings 20
Table: Estonia's Insurance Risk/Reward Ratings 20

Market Overview 22

Life 22

Non Life 22

Industry Trends And Developments 24

Estonia Life Growth Drivers & Risk Management Projections 24
Table: Insurance Key Drivers, Demographics 2010-2017 24

Estonia Non LIfe Growth Drivers & Risk Management Projections 25

Macroeconomic Outlook 25
Table: Estonia - Economic Activity 28

Political Outlook 29

Healthcare Sector 31

Healthcare Reform 33

Healthcare Provision 34

Healthcare Funding 35

Healthcare Insurance 36

Epidemiology 37
Table: Insurance Key Drivers, Demographics 2010-2017 38

Competitive Landscape 40

Central And Eastern Europe Competitive Landscape 41

Company Profile 44

BTA Insurance Company SE 44

Gjensidige Baltic 46

RSA Group 49

Salva 52

Sampo Group 54

SEB Life & Pensions International 57

Seesam 59

Swedbank Life Insurance 61

Vienna Insurance Group (VIG) 64

Regional Overview 68

Central & Eastern Europe - Life 68
Table: Central And Eastern European Life Premiums, 2010-2017 (US$mn) 68

Central & Eastern Europe - Non-Life 69
Table: Central And Eastern Europe - Non Life Premiums US$mn, 2010-2017 70

Demographic Forecast 72
Table: Estonia's Population By Age Group, 1990-2020 ('000) 73
Table: Estonia's Population By Age Group, 1990-2020 (% of total) 74
Table: Estonia's Key Population Ratios, 1990-2020 75
Table: Estonia's Rural And Urban Population, 1990-2020 75

Methodology 76

Industry Forecast Methodology 76

Risk/Reward Rating Methodology 79
Table: Insurance Risk/Reward Ratings Indicators 80
Table: Weighting Of Indicators 81

Note: Product cover images may vary from those shown
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BTA Insurance Company SE
Gjensidige Baltic
RSA Group
Salva
Sampo Group
SEB Life & Pensions International
Seesam
Swedbank Life Insurance
Vienna Insurance Group (VIG)

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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