Estonia
ESTONIA: EKsL: over 80% of Estonian homes are insured
According to the Estonian Insurance Association (EKsL), 472,000 home insurance contracts were concluded in Estonia last year. According to Ülli Reimets, head of loss prevention department at EKsL, over 80% of Estonian homes are insured.
10 March 2025ESTONIA: small insurance amounts lead to disputes over home insurance damage compensation
Last year, over 250,000 insurance cases occurred, and insurance dispute statements were submitted to the conciliation body for 505 of them. 227 statements were related to motor third party insurance and 89 – to home insurance, which is 13% more y-o-y.
3 March 2025STATISTICS: ESTONIA FY2024: stagnant life insurance business and a rather modest growth on the non-life insurance side
At the end of 2024, the insurance market of Estonia totaled EUR 685.43 million in terms of GWP, up by 7.36% y-o-y, according to the year-end market data published by the Estonian National Statistics Board.
3 March 2025ESTONIA: Estonian Insurance Association and Estonian Motor Insurance Fund to choose new CEO in September
Mart Jesse, the long-time chairman of the board of the Estonian Insurance Association (EKsL) and the Estonian Motor Insurance Fund (LKF), will step down in mid-September when his service contract expires. A public competition will be held to choose a new chairman of the board, the Association said.
24 February 2025ESTONIA: at the end of last year only 9% of employees had health insurance from their employers
According to statistics from the Estonian Insurance Association (EKsL), Estonian insurers reimbursed EUR 14 million in employer health insurance costs last year, which is a record amount since the introduction of the tax benefit for employers in 2018, the Association said.
10 February 2025ESTONIA: LKF: motor insurance claims last year caused a total loss of EUR 80 million
According to the Estonian Motor Insurance Fund (LKF), there were 33,700 motor insurance claims in Estonia last year, with a total loss of EUR 80 million. In addition, Estonian vehicles caused 2,400 traffic accidents abroad, with a total loss of EUR 10 million, LKF said.
4 February 2025ESTONIA: LKF: Only 15% of off-road vehicles and snow vehicles have road insurance
Starting last December 1, road insurance was extended to all-terrain vehicles, such as snow vehicles and TRVs registered as all-terrain vehicles. Today, however, only 15% of all-terrain vehicles have motor insurance. If a snow vehicle or other off-road vehicle is used, it must have road insurance, LKF wrote.
13 January 2025STATISTICS: ESTONIA, 3Q 2024: steady growth driven by the non-life segment
Estonian insurers posted 9M 2024 aggregate GWP worth EUR 508.06 million, 6.52% more y-o-y, according to the market figures published by the Estonian National Statistics Board. Total paid claims by local insurers remained almost on the same level as the previous year, to ~EUR 303.7 million.
14 November 2024ESTONIA: by December 1st all healthcare service providers must have liability insurance
The Healthcare Liability Insurance Act enters into force soon, and by the beginning of December all Estonian healthcare service providers must have a liability insurance contract. A few weeks ago, only PZU Insurance offered this type of insurance, and now international insurance brokers have also joined, err.ee writes.
28 October 2024ESTONIA: EKsL: Liability insurance is an important milestone in Estonian health care
According to Mart Jesse, chairman of the board of the Estonian Insurance Association (EKsL), mandatory liability insurance of health care providers, or patient insurance, is an important milestone in Estonian health care, which increases confidence of both health care workers and patients, the Association said.
24 October 2024ESTONIA: Almost half a million price comparisons have been made in the motor insurance online calculator
This year, over 450,000 motor insurance price comparisons have been made via online calculator of the Estonian Traffic Insurance Fund (LKF). As of July 1, 2024, 882,000 motor insurance contracts were valid in Estonia, with an average annual premium of EUR 151.
1 October 2024STATISTICS: ESTONIA, 1H2024: claims paid for non-life insurance increased almost at a double pace than GWP
Estonian insurers wrote gross premiums worth EUR 344.8 million in 1H 2024, by 8.16% more y-o-y. At the same time, paid claims increased by 5.46%, to EUR 207.72 million. The market portfolio’s structure remained largely unchanged, with only very small alterations of some LoBs’ weight.
9 September 2024ESTONIA: in the 1H2024, employer’s health insurance rose by 11%
During the first half of this year, the number of companies that purchased employer's health insurance to cover medical expenses of their employees increased by 11% - 1400 employers have insured 60,000 employees, which is the highest result since the launch of this insurance product in 2018.
29 August 2024ESTONIA: In the first half of the year, motor insurers paid out EUR 41 million
In Estonia in the first half of this year, insurers compensated motor insurance losses in the amount of EUR 41 million, which is 13% more y-o-y. According to the statistics of the Estonian Traffic Fund (LKF), the number of motor insurance claims increased by 3%, reaching 17,000 cases.
21 August 2024STATISTICS: Estonian Q1 insurers’ GWP increased to almost EUR 170 million
Estonian insurers posted aggregate business worth EUR 169.62 million in Q1 2024, or 9.51% more y-o-y, according to quarterly figures, published by the Estonian National Statistics Board.
25 June 2024ESTONIA: The maximum compensation in motor insurance to rise to EUR 6.45 million
According to the recently approved amendments to the Road Insurance Law, the maximum compensation amount for a road accident will increase to EUR 6.45 million from July 15. And from December 1 this year, traffic insurance will be extended to unregistered vehicles such as electric scooters and off-road vehicles, the Estonian Traffic Fund (LKF) announced.
17 June 2024ESTONIA: In 2023, glass damage accounted for 37% of all Motor Hull cases
According to the Association of Estonian Insurance Companies (EKsL), last year insurers paid for 29,000 glass damages through voluntary vehicle insurance, the total loss of which was EUR 17 million.
7 May 2024ESTONIA: in 2023, traffic insurance cases caused by taxis resulted in a total loss of EUR 2.2 million
According to the statistics of the Estonian Traffic Fund (LKF), last year, app taxis caused twice as many traffic insurance cases as regular taxis and seven times more than other passenger cars.
17 April 2024STATISTICS: Estonia’s insurers reported double digit increase in FY2023 business
At the end of 2023, the insurance market of Estonia totaled EUR 638.44 million in terms of GWP, up by 15.89% y-o-y, according to the year-end market data published by the Estonian National Statistics Board.
26 March 2024ESTONIA: Last year, scammers tried to defraud EUR 2 million
According to the Estonian Insurance Association (EKsL), 529 insurance fraud cases were registered last year, with an attempt to defraud EUR 2 million. At that, the average scam amount was EUR 3,800, and larger frauds exceeded EUR 100,000.
25 March 2024
