Estonia Property & Casualty Insurance Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Property and Casualty Insurance Market in Estonia can be Segmented by Product Type (Motor Insurance, Property Insurance, Civil Liability Insurance, Financial Loss Insurance, and Other Insurance) and Distribution Channel (Direct Sales, Agents, Brokers, and Other Distribution Channels). The report offers market size and forecasts for the Estonia Property & Casualty Insurance Market in value (USD million) for all the above segments. Source: https://www.mordorintelligence.com/industry-reports/property-casualty-insurance-market-in-estonia

Estonia Property & Casualty Insurance Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Estonia Property and Casualty Insurance Market Size

Estonia Property & Casualty Insurance Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 233.49 Million
Market Size (2030) USD 247.71 Million
CAGR (2025 - 2030) 1.19 %
Market Concentration Medium

Major Players

Estonia Property & Casualty Insurance Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Estonia Property & Casualty Insurance Market with other markets in Financial Services and Investment Intelligence Industry

Insurance

Alternative Investments

Wealth Management

Fintech

Islamic Finance

Asset Management

Estonia Property and Casualty Insurance Market Analysis

The Estonia Property & Casualty Insurance Market size in terms of gross written premiums value is expected to grow from USD 233.49 million in 2025 to USD 247.71 million by 2030, at a CAGR of 1.19% during the forecast period (2025-2030).

Property and casualty insurance in Estonia is provided by insurance companies registered in Estonia, Estonian branches of foreign insurers, and foreign insurers operating internationally. Most property and casualty insurance premium is written by Estonian insurers, followed by branches of the foreign insurer and foreign insurer operating internationally.

The critical factor that drives Estonia’s property and casualty insurance market is using microeconomics to determine the market's trajectory. The businesses and individuals seeking to protect their assets, economic growth, and stability are linked to increased demand for property and casualty. The factors that impact the insurers' operations and market behavior are strong government regulations related to risk management and consumer protection.

Domain factors like climate change and natural disasters significantly drive Estonia's property and casualty insurance market. Due to the rising risk of extreme weather conditions and environmental factors, Estonia's demand for coverage against property damage and liability has diversified.

To enhance the efficiency and competitiveness of the industry, the emergence of numerous technological advancements like digital platforms, data analytics, and artificial intelligence has changed underwriting processes, risk assessment, and claims management.

Estonia Property and Casualty Insurance Industry Overview

The property and casualty insurance market in Estonia is highly competitive. An increasing number of non-life insurance companies are registered in Estonia, which include branches of foreign insurance companies. P&C Insurance holds the largest market share in the non-life insurance market in Estonia, followed by ERGO Insurance and Swedbank P&C, holding more than 50% of the non-life insurance market share. Other P&C insurance companies existing in Estonia include Salva Insurance Limited, Compensa Vienna Insurance Group, ADB Estonia, and AB Lietuvos draudimas.

Estonia Property and Casualty Insurance Market Leaders

  1. IF P&C Insurance

  2. ERGO Insurance

  3. Swedbank P&C

  4. AB Lietuvos draudimas

  5. Compensa Vienna Insurance Group, ADB Estonia

  6. *Disclaimer: Major Players sorted in no particular order
Estonia Property & Casualty Insurance Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Estonia Property and Casualty Insurance Market News

  • In February 2024, Howden acquired the business operations of the corporate portfolio of KindlustusEst Kindlustusmaakler OÜ as well as AS Smart Kindlustusmaakler. Howden expands its footprint in the area by acquiring two prominent insurance agents in Estonia.
  • In March 2024, Swedbank entered into a partnership with Akur8, an insurance pricing solution powered by Transparent AI. Swedbank intends to expedite its insurance pricing procedure, guaranteeing accuracy, transparency, and an enhanced customer experience, by utilizing Akur8's cloud-based, fully integrated platform.

Estonia Property and Casualty Insurance Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Self service insurance through Mobile apps increasing Non-life insurance penetration
    • 4.2.2 Increase in Natural catastrophe driving new business opportunity for P&C insurance
  • 4.3 Market Restraints
    • 4.3.1 Decline in companies operating in Estonia Insurance Market
    • 4.3.2 Cybersecurity risk affecting the Market
  • 4.4 Market Opportunities
    • 4.4.1 Continuously Increasing Financial Literacy rate in Indonesia
    • 4.4.2 Increasing sales of passengers cars in Estonia
  • 4.5 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Insight on Various Government Regulations in the Market
  • 4.7 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Motor Insurance
    • 5.1.2 Property Insurance
    • 5.1.3 Civil Liability Insurance
    • 5.1.4 Financial Loss Insurance
    • 5.1.5 Others
  • 5.2 By Distribution Channel
    • 5.2.1 Direct
    • 5.2.2 Agents
    • 5.2.3 Brokers
    • 5.2.4 Other Distribution Channel

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 IF Property and Casualty Insurance
    • 6.1.2 ERGO Insurance
    • 6.1.3 AB Lietuvos draudimas Estonia branch
    • 6.1.4 Swedbank P&C Insurance
    • 6.1.5 BTA Baltic Insurance Company
    • 6.1.6 Salva Kindlustus
    • 6.1.7 Compensa Vienna Insurance Group, ADB Estonia branch
    • 6.1.8 LHV Kindlustus
    • 6.1.9 VIG Group
    • 6.1.10 Lietuvos Draudimas
    • 6.1.11 Inges Kindlustus*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Estonia Property and Casualty Insurance Industry Segmentation

Property and casualty insurance protects the policyholder’s belongings and property, including a home, vehicle, and other possessions. Liability coverage protects you if you’re found liable for causing an accident that causes injury to another person or damage to their property. 

The Estonia property and casualty insurance market is segmented by product type, and distribution channel. The market by product type is further segmented into motor insurance, property insurance, civil liability insurance, financial loss insurance, and other insurance. The market by distribution channel is further segmented into agents, direct sales, brokers, and other distribution channels. The report offers market size and forecasts for the Estonia property & casualty insurance market in value (USD) for all the above segments. 

By Product Type Motor Insurance
Property Insurance
Civil Liability Insurance
Financial Loss Insurance
Others
By Distribution Channel Direct
Agents
Brokers
Other Distribution Channel
Need A Different Region or Segment?
Customize Now

Estonia Property and Casualty Insurance Market Research FAQs

How big is the Estonia Property & Casualty Insurance Market?

The Estonia Property & Casualty Insurance Market size is expected to reach USD 233.49 million in 2025 and grow at a CAGR of 1.19% to reach USD 247.71 million by 2030.

What is the current Estonia Property & Casualty Insurance Market size?

In 2025, the Estonia Property & Casualty Insurance Market size is expected to reach USD 233.49 million.

Who are the key players in Estonia Property & Casualty Insurance Market?

IF P&C Insurance, ERGO Insurance, Swedbank P&C, AB Lietuvos draudimas and Compensa Vienna Insurance Group, ADB Estonia are the major companies operating in the Estonia Property & Casualty Insurance Market.

What years does this Estonia Property & Casualty Insurance Market cover, and what was the market size in 2024?

In 2024, the Estonia Property & Casualty Insurance Market size was estimated at USD 230.71 million. The report covers the Estonia Property & Casualty Insurance Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Estonia Property & Casualty Insurance Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Estonia Property and Casualty Insurance Industry Report

Statistics for the 2025 Estonia Property & Casualty Insurance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Estonia Property & Casualty Insurance analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.