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Estonia Insurance Report 2014 - New Report Available

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2013-12-04 14:19:24 - New Financial Services research report from Business Monitor International is now available from Fast Market Research

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 multi-nationals 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.

Full Report Details at

TIn spite of an ageing demographic profile and limited social security, life premiums remain at around US $70 per capita in a country where annual incomes are around EUR12,000. Notwithstanding a surge in popularity of unit-linked products, which has produced double digit growth in overall life premiums in 2013, the vast majority of the population appears not to use life insurance. In short, too many Estonians are too poor, and/or not (yet) sufficiently well informed about its benefits to use life insurance as a part of their savings plans.

Over the last few years, non-life penetration appears to have stabilised at around 1.6% of GDP. The segment is dominated by motor-related lines. This is positive, in that there is a significant element of compulsion (or perceived) need. The segment has resilience. However, intense competition appears to be driving prices and margins downwards.

Report Table of Contents:

BMI Industry View
- Table: Total Premiums, 2010-2017
- Insurance
- Political
- Economic
- Business Environment
Industry Forecast
- Life
- Table: Life Premiums, 2010-2017
- Non Life
- Table: Non-Life Premiums, 2010-2017
Industry Risk Reward Ratings
- Central and Eastern European Risk/Reward Ratings
- Table: Europe Risk/Reward Ratings
- Estonia Insurance Risk/Reward Ratings
- Table: Estonia's Insurance Risk/Reward Ratings
Market Overview
- Life
- Non Life
Industry Trends And Developments
- Estonia Life Growth Drivers & Risk Management Projections
- Table: Insurance Key Drivers, Demographics 2010-2017
- Estonia Non LIfe Growth Drivers & Risk Management Projections
- Macroeconomic Outlook
- Table: Estonia - Economic Activity
- Political Outlook
- Healthcare Sector
- Healthcare Reform
- Healthcare Provision
- Healthcare Funding
- Healthcare Insurance
- Epidemiology
- Table: Insurance Key Drivers, Demographics 2010-2017
Competitive Landscape
- Central And Eastern Europe Competitive Landscape
Company Profile
- BTA Insurance Company SE
- Gjensidige Baltic
- RSA Group
- Salva
- Sampo Group
- SEB Life & Pensions International
- Seesam
- Swedbank Life Insurance
- Vienna Insurance Group (VIG)
Regional Overview
- Central & Eastern Europe - Life
- Table: Central And Eastern European Life Premiums, 2010-2017 (US$mn)
- Central & Eastern Europe - Non-Life
- Table: Central And Eastern Europe - Non Life Premiums US$mn, 2010-2017
Demographic Forecast
- Table: Estonia's Population By Age Group, 1990-2020 ('000)
- Table: Estonia's Population By Age Group, 1990-2020 (% of total)
- Table: Estonia's Key Population Ratios, 1990-2020
- Table: Estonia's Rural And Urban Population, 1990-2020
- Industry Forecast Methodology
- Risk/Reward Rating Methodology
- Table: Insurance Risk/Reward Ratings Indicators
- Table: Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Bill Thompson
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