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Growth is stable for Estonian insurance market in first half

Jul 23, 1998
Urmas Maranik

TALLINN – At the beginning of 1998, the Estonian insurance market was extensively reorganized. Two companies, Leks Insurance and ETAS merged, forming the second largest insurance company at the time. Today, the joint company has taken over the leading position on the market. Currently there are 14 local insurance companies, including both life and non-life insurance. "In the future, four competing companies or groups would be the optimal number of competitors, which could survive in the relative ...

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