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Estonia Insurance Report Q4 2017

BMI View: Estonia's insurance market, and particularly the country's life insurance segment, is at an earlystage of development. The nascent life segment is not expected to record much growth over 2017-2018, aprojection due largely to widespread unawareness among consumers of the benefits of life insurance. Thenon-life segment, on the other hand, is set to benefit from increases in disposable income levels, whichshould transfer to rising demand for motor, property and personal accident insurance in particular. Thelong-term growth potential of both major markets will, however, be limited due to the small size of theEstonian population.

Key Updates And Forecasts

Accounting for just 19% of all activity in Estonia's insurance sector, the country's life segment isconsiderably smaller than its non-life counterpart. In 2017, life premiums are expected to fall by 1.8% toEUR84mn (USD88mn). Growth through to 2021 should remain static, resulting in total written lifepremiums of EUR84mn (USD84mn) by the end of our forecast period.


BMI Industry View
Table: Headline Insurance Forecasts (Estonia 2014-2021)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Estonia 2014-2021)
Table: Life Claims (Estonia 2010-2016)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Estonia 2014-2021)
Table: Non-Life Claims (Estonia 2010-2016)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Estonia 2014-2021)
Insurance Risk/Reward Index
Emerging Europe Insurance Risk/Reward Index
Table: Emerging Europe Insurance Risk/Reward Index, Q4 2017
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Table: Life Insurance Market Shares (USDmn), 2009-2016
Non-Life Market Overview
Product Offering
Competitive Landscape
Table: Non-Life Market Shares (USDmn), 2009-2016
Company Profile
Compensa Life VIG
ERGO
If P&C Insurance
Seesam
Swedbank Life Insurance
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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