Estonia Insurance Report Q1 2016 - New Study Released
New Financial Services research report from Business Monitor International is now available from Fast Market Research
[USPRwire, Mon Nov 09 2015] Estonia is a small but fairly rapidly growing insurance market. In the vastly more important non-lif e segment, the economic recovery and initiat ives by the insurers themselves should underpin high single- digit growth in premiums in most sub-sectors. The main excepti on is the motor vehicle segment where volumes are unlikely to grow - though we note that s ome insurers may be able to increase prices. In the life segment, a campaign by the major multi-national companies that are present in Estonia to educate households and companies should ensure that premiums will rise quite quickly from a low base over the medium-to-long term .
In the context of Central and Eastern Europe, Estonia would rank as a small but quite rapidly growing insurance market. As of mid-2015, Estonia's insurance sector consists overwhelmingly of non-life insurance, which should generate about 80% of all premiums written. The non-life segment, in turn, is dominated by basic motor and property covers, which account for nearly 80% of all activity in that segment. Health insurance accounts for just under 4% of non-life premiums. The competitive landscape is quite fluid, in part because multi-nationals are completing deals to increase their economies of scale across the Baltic States. Gjensidige's purchase of PZU Lietuva in Lithuania is a good example of this. Most recently, VIG has purchased Baltikums AAS in Latvia and is expanding its presence in the non-life segments of all three Baltic states.
Full Report Details at
The Estonia Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.
BMI's Estonia Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Estonian insurance industry.
* Benchmark BMI's independent insurance industry forecasts for Estonia to test other views - a key input for successful budgeting and strategic business planning in Estonia's insurance market.
* Target business opportunities and risks in Estonia through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
* Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
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