Financial services market showed signs of growth in the first half-year of 2013: volumes grew in both life insurance and the funds sector, with the growth in funds no longer relying solely on pension funds.The total volume of client deposits grew by 2%, as of the end of June 2013, the clients’ deposits totalled 12.8 billion euros.
In the first half-year of 2013, the insurance premiums received by Codan Forsikring A/S Estonia branch, which is operating under the RSA trademark, continued to grow. As a result, the insurance company’s market share rose from 11% to 13%. By insurance premiums, Codan Forsikring A/S Estonia branch is now among the top four non-life insurance companies operating in Estonia. As of the end of June 2013, IF P&C Insurance AS had the largest market share on the non-life insurance market, with 27%. ERGO Insurance SE and Swedbank P&C Insurance AS each held 14% of the market.
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