Estonia

Axco provides details on the life insurance sector including Estonian market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.

The report describes the public and private healthcare system in Estonia, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.

Axco reports on the three pillars of Estonian pension provision.

• State pension benefits including benefit calculations and eligibility criteria 
• Workplace pension provision; types of schemes calculations eligibility and; tax implications
• Voluntary individual pension provision, type of products and tax implications

The Estonia report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

• state pensions,
• permanent disability benefit
• occupational accident and disease
• maternity and paternity payments 

Estonia's modern insurance industry has been in existence for over 25 years; even though the market remains small in European and world terms, it continues to develop slowly but positively. In 2021, with the economy improving after the COVID-19 pandemic, income levels are also recovering slowly for both individuals and enterprises, although some sectors remain under pressure.

A savings culture has yet to take hold, however, and according a to a 2019 survey about half of Estonians have savings while ....

Estonia's modern insurance industry has been in existence for over 25 years; even though the market remains small in European and world terms, it continues to develop slowly but positively. In 2021, with the economy improving after the COVID-19 pandemic, income levels are also recovering slowly for both individuals and enterprises, although some sectors remain under pressure.

Due to the reform of the pension system, premium for pillar II annuities ....

Figures for the year to 31 December 2020 reflect the full impact on the Estonian insurance market of the ongoing COVID-19 pandemic. Premium income in 2020 for private medical expenses insurance (PMI) was about EUR 2.7mn (USD 3.24mn) from around 276 group policies covering about 10,800 lives.

In the first half of 2021 the number of lives had grown significantly to about 16,400, from 777 contracts with premium of EUR 3.5mn (USD 4.20mn). Some estimates suggest that premium volume could reach ....