New Market Study Published: The Insurance Industry in Estonia, Key Trends and Opportunities to 2017

New Financial Services market report from Timetric: "The Insurance Industry in Estonia, Key Trends and Opportunities to 2017"

by Bill Thompson

(WireNews+Co) - Boston, MA - 06 March 2013

Estonia has a highly concentrated and competitive insurance industry, although in volume terms it is very small and lags significantly behind other European member states. The surging economy propelled the growth of the insurance industry during the review period, but the value of the overall domestic industry remains very low, limited by the small size of the economy. However, the Estonian insurance industry declined in 2011 over the previous year due to a significant decrease in life insurance business, caused primarily by a slowdown in demand for investment-related insurance products. The non-life segment, however, remained relatively stable in 2011. Direct marketing is the key distribution channel for life insurance products, while brokers are the prime channel for non-life products.

Key Highlights

- Estonia has a highly concentrated and competitive insurance industry, although in volume terms it is very small and lags significantly behind other European member states.
- The surging economy propelled the growth of the insurance industry during the review period, but the value of the overall domestic industry remains very low, limited by the small size of the economy.
- The Estonian insurance industry declined in 2011 over the previous year due to a significant decrease in life insurance business, caused primarily by a slowdown in demand for investment-related insurance products.
- The non-life segment, however, remained relatively stable in 2011.
- Direct marketing is the key distribution channel for life insurance products, while brokers are the prime channel for non-life products.

View Full Report Details and Table of Contents (http://www.fastmr.com/prod/544606_the_insurance_industry_in_estonia_key_trends_and.aspx?afid=201) (http://www.fastmr.com/prod/544606_the_insurance_industry_in_estonia_key_trends_and.aspx?afid=201)

Scope

This report provides a comprehensive analysis of the insurance industry in Estonia:

- It provides historical values for the Estonian insurance industry for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
- It offers a detailed analysis of the key segments and categories in the Estonian insurance industry, along with industry forecasts until 2017
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
- It profiles the top insurance companies in Estonia and outlines the key regulations affecting them

Reasons to Purchase

- Make strategic business decisions using in depth historic and forecast industry data related to the Estonian insurance industry and each segment within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Estonian insurance industry
- Assess the competitive dynamics in the Estonian insurance industry
- Identify the growth opportunities and market dynamics within key segments
-

Companies Mentioned in this Report: If P&C Insurance AS, Swedbank Life Insurance SE, Ergo Kindlustus, Seesam Insurance AS, Salva Kindlustus AS

Fast Market Research (http://www.fastmr.com?afid=201) is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget.  For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.