Estonia
Growth
Amounts are always in euros: this changes how growth is measured, nothing else.
How growth is measured →Latest news5 Nov 2026: Elama Kindlustus becomes third provider of patient insurance All news (11) →
Coverage All insurers and EU branches in Statistics Estonia's tables, business in Estonia. Insurers selling into Estonia across the border are not covered; the Estonian insurers' association puts them below 7% of non-life premium.
Market share by insurer
Latest quarter: H1 2026
Premium written H1 2026, year to date: €349m, +2.1% against H1 2025 in local currency. Share change in percentage points against the same period a year earlier.
Largest insurers, H1 2026
Premium year to date and growth; the bar is the share, its change in points under it.
Gains and losses in share
Change in share against H1 2025, in percentage points; an insurer with no premium now has lost its whole share.
- If P&C Insurance · 2 Jun 2026: Property insurance prices edge up with rebuilding costs, insurers say
- Lietuvos draudimas (branch) · 19 Feb 2026: FY2025: premiums slip 0.6% to EUR 680.8m on weaker motor lines
- Gjensidige (branch) · 3 Nov 2026: ERGO completes legal merger with Gjensidige across the Baltics on 1 November
All figures
| Insurer | H1 2026 €m | Share | Δ pp | H1 2025 €m | Growth |
|---|---|---|---|---|---|
| Swedbank P&C Insurance | 55.6 | 15.9% | −0.1 | 54.8 | +1.5% |
| If P&C Insurance | 51.6 | 14.8% | −0.6 | 52.7 | −2.1% |
| ERGO Insurance | 42.1 | 12.1% | −0.1 | 41.7 | +0.9% |
| Lietuvos draudimas (branch) | 40.5 | 11.6% | −0.6 | 41.8 | −3.1% |
| Compensa VIG (branch) | 33.2 | 9.5% | −0.6 | 34.5 | −3.6% |
| LHV Kindlustus | 26.4 | 7.6% | +0.8 | 23.1 | +14.3% |
| Swedbank Life Insurance | 20.6 | 5.9% | +0.3 | 19.3 | +6.7% |
| BTA Baltic (branch) | 17.9 | 5.1% | +0.6 | 15.4 | +16.2% |
| Salva Kindlustus | 15.6 | 4.5% | −0.2 | 15.9 | −2.0% |
| SEB Life and Pension Baltic (branch) | 11.9 | 3.4% | +0.4 | 10.4 | +14.7% |
| Compensa Life VIG | 8.8 | 2.5% | +0.3 | 7.6 | +15.0% |
| Elama Kindlustus | 8.5 | 2.4% | +0.5 | 6.8 | +25.3% |
| ERGO Life (branch) | 5.3 | 1.5% | +0.1 | 4.8 | +10.7% |
| Balcia Insurance (branch) | 3.7 | 1.1% | −0.1 | 3.8 | −3.0% |
| Gjensidige (branch) | 3.5 | 1.0% | −0.5 | 5.3 | −34.1% |
| Telia Försäkring (branch) | 2.3 | 0.7% | −0.1 | 2.4 | −6.5% |
| Artea Life (branch, ex-SB draudimas) | 0.9 | 0.3% | −0.0 | 1.0 | −9.3% |
| KredEx Krediidikindlustus | 0.8 | 0.2% | −0.0 | 0.8 | −3.3% |
| Market | 349.0 | 100% | 342.0 | +2.1% |
Each insurer's figures: All insurers, growth and latest quarter → · Full-year outlook →
What's happening in Estonia
The latest news on the market's insurers and their supervisor, newest first: facts in Polisa's own words, each with its source.
- CompanyElama Kindlustus becomes third provider of patient insurance
Elama Kindlustus started offering patient insurance in early November, joining PZU Kindlustus and Lloyds (sold via broker Iizi). Patsiendikindlustusagent OÜ handles quotes, policies and claims for Elama.
Elama KindlustusSource: Meditsiiniuudised - DealERGO completes legal merger with Gjensidige across the Baltics on 1 November
ADB Gjensidige was absorbed into ERGO Insurance SE on 1 November after approval by Finantsinspektsioon and the Bank of Lithuania. Its business continues within ERGO; existing policies stay valid on unchanged terms.
ERGO InsuranceGjensidige (branch)Source: ERGO (press release) - ResultsMotor TPL cases up 14% in H1 2026 to 17,851, motor fund says
The Estonian Motor Insurance Fund (LKF) counted 17,851 traffic insurance cases in H1 2026, about 99 a day, while police data show accidents with casualties fell about 5% to 687.
Source: XPRIMM (LKF data) - ResultsH1 2026: premiums up 2% to EUR 349.5m; claims paid up 6.3%
Statistics Estonia data via XPRIMM: non-life rose 0.9% to EUR 302.1m and life 10.2% to EUR 47.4m; claims paid reached EUR 217.1m. Swedbank Life led life (43.3%) and Swedbank P&C non-life (18.4%).
Swedbank Life InsuranceSwedbank P&C InsuranceSource: XPRIMM (Statistics Estonia data)
7 earlier
- DealEstonia's supervisor approved the cross-border merger of ADB Gjensidige into ERGO Insurance SE, which takes over its Estonian branch business.Gjensidige (branch)Source: ERGO Estonia (1 Jul 2026); Finantsinspektsioon (1 Jul 2026)
- PricesProperty insurance prices edge up with rebuilding costs, insurers say
Insurers told ERR prices are rising moderately as construction and repair costs climb. Private property premiums were EUR 115m in 2025 and claims EUR 60m; the insurers' association also cited storms, floods, fires and solar-panel risks.
If P&C InsuranceSource: ERR - ResultsQ1 2026: SEB Life overtakes Swedbank Life; motor premiums down 6.1%
Statistics Estonia data via XPRIMM: premiums rose 4.4% to EUR 177.9m, with life up 31.6% to EUR 28.2m and motor premiums down 6.1%. SEB Life and Pension Baltic's branch led life with 36.1%.
SEB Life and Pension Baltic (branch)Swedbank Life InsuranceSource: XPRIMM (Statistics Estonia data) - ResultsConfirmed insurance fraud cases rose about 25% to 705 in 2025
The Estonian Insurance Association said investigators confirmed 705 fraud cases in 2025 involving EUR 2.7m of attempted claims; 46% concerned traffic accidents and concealing facts cost the most (EUR 1.2m).
Source: XPRIMM (EKsL data) - ResultsFY2025: premiums slip 0.6% to EUR 680.8m on weaker motor lines
Statistics Estonia via XPRIMM: non-life fell 2% to EUR 589.4m, life rose 8.8% to EUR 91.4m, claims paid fell 1%. Largest non-life insurers: Swedbank P&C (EUR 113.1m), If (EUR 103.3m), Lietuvos draudimas branch (EUR 85.9m).
Swedbank P&C InsuranceIf P&C InsuranceLietuvos draudimas (branch)Source: XPRIMM (Statistics Estonia data) - PricesAverage motor TPL premium fell to EUR 138 in 2025 from EUR 150
LKF figures: MTPL premiums fell to EUR 118.1m from EUR 132m in 2024. Insurers paid about EUR 87m on nearly 32,000 claims, with claim numbers down about 4% and payments down about 7%.
Source: XPRIMM (LKF data) - DealThe Estonian branch of ADB Gjensidige passed to ERGO with the Lithuanian company.Gjensidige (branch)Source: ERGO media information (2 Jan 2026)
Five-year trend
Premium
Market share of the five largest
Lines in Estonia
All figures
Claims paid in Estonia
Insurers paid €404m to their customers in FY 2025, −1.0% on FY 2024 in euros: €59 for every €100 of premium. Non-life claims were €331m; life insurance benefits €73m.
Premium and claims paid, FY 2021–2025
PremiumClaims paid% claims paid per €100 of premium
Claims paid by line, FY 2025
Gross claims in the year of the insurers and EU branches in Estonia, before reinsurance; life includes maturities, surrenders and pension payouts. Source: Statistics Estonia, tables RRI05 and RRI07. Cash paid in the year, not the claims incurred that the combined ratios on this page are built from. Claims across all markets →
Reinsurance in Estonia
Share of non-life premium ceded, by line
Largest cedents
All figures
Capital cover across the market
Groups present
Each group's share of this market, its companies here, and where else it operates.
Profit and capital
Net profit by year
All figures
Each insurer's profit, return on equity and ratios: All insurers, solvency and profit →
Staff and premium per employee
FY 2025 premium over the insurers' reported employees. Agents, banks and group service companies are not employees, so an insurer that sells through others looks more productive: compare insurers of the same type.
Premium per employee, FY 2025
non-lifelife
7 more in the full table below
Size and productivity, FY 2025
Each dot an insurer: employees across (log scale), premium per employee up; the larger the dot, the larger the premium.
By typeMedian per employee
All figures
| Insurer | Type | Employees | Premium €m | Premium per employee |
|---|---|---|---|---|
| Swedbank P&C Insurance | non-life | 121 | 113.1 | €935k |
| Swedbank Life Insurance | life | 50 | 40.1 | €803k |
| LHV Kindlustus | non-life | 54 | 43.0 | €796k |
| If P&C Insurance | non-life | 206 | 103.3 | €502k |
| Balcia Insurance (branch) | non-life | 20 | 9.5 | €475k |
| Lietuvos draudimas (branch) | non-life | 188 | 85.8 | €457k |
| Elama Kindlustus | non-life | 29 | 11.8 | €406k |
| BTA Baltic (branch) | non-life | 82 | 31.6 | €386k |
| SEB Life and Pension Baltic (branch) | life | 68 | 25.4 | €374k |
| Compensa VIG (branch) | non-life | 181 | 64.4 | €356k |
| Gjensidige (branch) | non-life | 32 | 11.4 | €356k |
| ERGO Insurance | non-life | 270 | 78.8 | €292k |
| Salva Kindlustus | non-life | 104 | 29.3 | €282k |
| Artea Life (branch, ex-SB draudimas) | life | 9 | 2.0 | €221k |
| Compensa Life VIG | life | 81 | 14.4 | €177k |
| KredEx Krediidikindlustus | non-life | 11 | 1.7 | €155k |
| ERGO Life (branch) | life | 112 | 9.5 | €85k |
Staff: employees in Estonia on the last day of each quarter, averaged over the year, from the Tax and Customs Board's open data (from 2022). Type: life where life insurance is 90% or more of the premium, non-life where it is 10% or less, composite in between. Productivity across all markets →
Questions about Estonia
Short answers from the figures on this page.
How big is the Estonia insurance market?
Insurers in Estonia wrote €680m of premium in FY 2025, −0.6% on FY 2024. That is 1.6% of GDP and €496 per person.
Who is the largest insurer in Estonia?
Swedbank P&C Insurance is the largest insurer in Estonia with 16.6% of premium (€113m) in FY 2025, ahead of If P&C Insurance (15.2%) and Lietuvos draudimas (branch) (12.6%); the three largest write 44% of the market.
How many insurance companies are there in Estonia?
18 insurers wrote premium in Estonia in FY 2025: 13 non-life and 5 life.
Which insurance groups are present in Estonia?
Polisa records 10 insurance groups in Estonia in FY 2025; the largest by premium are Swedbank 22.5%, VIG 16.2%, Sampo 15.2%, ERGO 13.0%. Insurers with no group (independent or not in a group) write 7.7% of the premium.
What is the largest line of business in Estonia?
Property is the largest line in Estonia with 27.3% of premium (€186m) in FY 2025, then casco with 25.6%; life insurance is 13.4% of the market.
How well capitalised are the insurers in Estonia?
The median SCR ratio of the insurers in Estonia was 177% at 31 December 2025: the typical insurer held 1.8 times the capital Solvency II requires. 9 of the 18 insurers publish it.
RegulationRule changes4 rule changes that reach insurers in Estonia, with their dates
- Solvency II review · Applies from 30 January 2027
- AI Act: pricing rules for life and health delayed · High-risk rules from 2 December 2027
- Recovery and resolution of insurers · Applies from 30 January 2027
- DORA: digital operational resilience · In application since 17 January 2025
Spotted a wrong figure? Tell us and include the source.
All insurers
ExcelDownload CSVLicence| Insurer | Premium | Share |
|---|---|---|
| Swedbank P&C Insurance | 113.1 | 16.6% |
| If P&C Insurance | 103.3 | 15.2% |
| Lietuvos draudimas (branch) | 85.8 | 12.6% |
| ERGO Insurance | 78.8 | 11.6% |
| Compensa VIG (branch) | 64.4 | 9.5% |
| LHV Kindlustus | 43.0 | 6.3% |
| Swedbank Life Insurance | 40.1 | 5.9% |
| BTA Baltic (branch) | 31.6 | 4.7% |
| Salva Kindlustus | 29.3 | 4.3% |
| SEB Life and Pension Baltic (branch) | 25.4 | 3.7% |
| Compensa Life VIG | 14.4 | 2.1% |
| Elama Kindlustus | 11.8 | 1.7% |
| Gjensidige (branch) | 11.4 | 1.7% |
| Balcia Insurance (branch) | 9.5 | 1.4% |
| ERGO Life (branch) | 9.5 | 1.4% |
| Telia Försäkring (branch) | 4.8 | 0.7% |
| Artea Life (branch, ex-SB draudimas) | 2.0 | 0.3% |
| KredEx Krediidikindlustus | 1.7 | 0.3% |
CiteCite this pageThe reference in APA style and as BibTeX, each with a copy button, and the terms of reuse
Polisa compiles the figures; the original sources are named on this page and on the method page.
Polisa. (2026). Estonia insurance market: market shares, lines, solvency and claims [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/markets/ee
BibTeXShow entry
@misc{polisa_markets_ee_2026,
author = {{Polisa}},
title = {Estonia insurance market: market shares, lines, solvency and claims},
year = {2026},
version = {2026-11-11.13378f},
howpublished = {\url{https://polisapro.com/markets/ee}},
note = {Accessed 11 November 2026}
}Reuse: Polisa's compilation CC BY 4.0 · source data: Statistics Estonia (CC BY-SA 4.0), Tax and Customs Board (open data), RIK (no re-use terms published), insurers' SFCRs (public disclosures, linked).