Estonia Insurance Q4 2018
Although limited by a small population, the insurance market in Estonia nonetheless offers healthy growth potential. Thelife insurance sector is growing from a very low base, benefiting from ongoing improvements to employment and income rates, aswell as rising awareness of the benefits of life cover and better product availability. In the non-life sector, which already accounts forthe majority of premiums written in the market, the rise in consumer spending power will drive up demand for a range of covers.Several large regional providers are already established in the market and new entrants are unlikely in light of the small premiumbase, though Estonia could form part of regional expansion plans.
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