Estonia: Insurance industry's 2013 gross premium totals $588.2 million

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The Estonian insurance market recorded a 24% year-on-year increase in gross written premium to nearly €428 million ($588.2 million) in 2013, with the nonlife insurance segment registering double digit growth rates, Xprimm reported.

Claims paid out by the insurers rose 16% to €238 million ($327.1 million).

If P&C Insurance A.S. and ERGO Kindlustus A.S., leaders in the nonlife segment, had market shares of 33.5% and nearly 31%, respectively.

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