New Financial Services market report from Business Monitor International: "Estonia Insurance Report 2014"
Boston, MA -- (SBWIRE) -- 12/09/2013 -- In theory, Estonia should be one of the most dynamic markets for insurance in Central and Eastern Europe. The reality is rather more prosaic
The business environment is sound. The regulator is highly regarded. In the recent past, the economy has been resilient, if not exactly booming. Most importantly, the local subsidiaries of very substantial multi-nationals dominate the non-life segment and comprise the life segment. These are companies that are able to gain economies of scale through operating in much larger markets nearby (e.g. Scandinavia or Austria) as well as across all three of the Baltic states. Even if the economic, political and business environments of Estonia were very challenging, foreign majors such as VIG (which operates as Compensa), RSA, Gjensidige Baltic, ERGO, SEB Life & Pensions, Swedbank, Seesam and the local offshoots of Finland's Sampo (If P&C and Mandatum Life) could cope easily.
TIn spite of an ageing demographic profile and limited social security, life premiums remain at around US $70 per capita in a country where annual incomes are around EUR12,000. Notwithstanding a surge in popularity of unit-linked products, which has produced double digit growth in overall life premiums in 2013, the vast majority of the population appears not to use life insurance. In short, too many Estonians are too poor, and/or not (yet) sufficiently well informed about its benefits to use life insurance as a part of their savings plans.
View Full Report Details and Table of Contents
About Fast Market Research
Fast Market Research 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.
Browse all Financial Services research reports at Fast Market Research
You may also be interested in these related reports:
- Bermuda Insurance Report 2014
- Latvia Insurance Report 2014
- Israel Insurance Report 2014
- Nigeria Insurance Report 2014
- Pakistan Insurance Report 2014
- Turkey Insurance Report 2014
- Jordan & Lebanon Insurance Report 2014
- Ukraine Insurance Report 2014
- Serbia Insurance Report 2014
- Lithuania Insurance Report 2014
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)