Financial statistics of insurance enterprises (quarterly)
Balance sheets, profit statement of insurance enterprises | |
Estonian Classification of Economic Activities (EMTAK 2008) based on NACE Rev. 2 | |
Financial sector | |
Life insurance – the class of assurance which comprises, in particular, assurance on survival to a stipulated age only, assurance on death only, assurance on survival to a stipulated age or on earlier death, life assurance with return of premiums, marriage assurance, birth assurance. Non-life insurance – all branches of insurance other than life insurance. Non-life insurance by type are motor third party liability (TPL) insurance incl. membership fee to the Estonian Traffic Insurance Foundation (ETIF), accident and sickness, travel insurance, land vehicles insurance (natural persons), land vehicles insurance (legal persons), other vehicles insurance, goods in transit insurance, property insurance (natural persons), property insurance (natural persons), vehicles liability insurance, general liability insurance, insurance for pecuniary loss. Other technical income in net reinsurances – other technical income, which is not recorded on other technical income lines in the income statement. Service fees – accounting period service fees from concluding and managing unit-linked life-insurance contracts, investment agreements and insurance agreements (if the insurance agreement deposit component is separate). | |
Insurance company | |
Registered insurance companies FRAME List of active insurance companies generated from the Business Register for Statistical Purposes | |
Estonia as a whole | |
2007–… | |
Not applicable |
DIRECTLY APPLICABLE LEGAL ACTS Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union (Text with EEA relevance) Regulation (EC) No 2019/2152 of the European Parliament and of the Council of 27 November 2019 on European business statistics, repealing 10 legal acts in the field of business statistics (Text with EEA relevance) OTHER LEGAL ACTS Not available OTHER AGREEMENTS Not available |
The dissemination of data collected for the purpose of producing official statistics is guided by the requirements provided for in § 32, § 34, § 35, § 38 of the Official Statistics Act. | |
The treatment of confidential data is regulated by the Procedure for Protection of Data Collected and Processed by Statistics Estonia (in Estonian). See more details on the website of Statistics Estonia in the section Õigusaktid. |
Notifications about the dissemination of statistics are published in the release calendar, which is available on the website. Every year on 1 October, the release times of the statistical database, news releases, main indicators by IMF SDDS and publications for the following year are announced in the release calendar (in the case of publications – the release month). | |
All users have been granted equal access to official statistics: dissemination dates of official statistics are announced in advance and no user category (incl. Eurostat, state authorities and mass media) is provided access to official statistics before other users. Official statistics are first published in the statistical database. If there is also a news release, it is published simultaneously with data in the statistical database. Official statistics are available on the website at 8:00 a.m. on the date announced in the release calendar. |
Not published | |
Not published | |
Not published | |
The dissemination of data collected for the purpose of producing official statistics is guided by the requirements provided for in § 33, § 34, § 35, § 36, § 38 of the Official Statistics Act. Access to microdata and anonymisation of microdata are regulated by Statistics Estonia’s procedure for dissemination of confidential data for scientific purposes. | |
Data serve as input for statistical activities 21401 “National accounts (annual)” and 21405 “National accounts (quarterly)”. | |
European System of Accounts 2010 (ESA 2010) http://ec.europa.eu/eurostat/web/esa-2010 Insurance Activities Act https://www.riigiteataja.ee/en/eli/511122019006/consolide | |
Not available |
To assure the quality of processes and products, Statistics Estonia applies the EFQM Excellence Model, the European Statistics Code of Practice and the Quality Assurance Framework of the European Statistical System (ESS QAF). Statistics Estonia is also guided by the requirements in § 7. “Principles and quality criteria of producing official statistics” of the Official Statistics Act. | |
Statistics Estonia performs all statistical activities according to an international model (Generic Statistical Business Process Model – GSBPM). According to the GSBPM, the final phase of statistical activities is overall evaluation using information gathered in each phase or sub-process; this information can take many forms, including feedback from users, process metadata, system metrics and suggestions from employees. This information is used to prepare the evaluation report which outlines all the quality problems related to the specific statistical activity and serves as input for improvement actions. |
Ministry of Economic Affairs and Communications | |
Since 1996, Statistics Estonia has conducted reputation and user satisfaction surveys. All results are available on the website of Statistics Estonia in the section User surveys. | |
Accounting of the financial sector corresponds to the requirements of ESA 2010. |
The data revision policy and notification of corrections are described in the section Principles of dissemination of official statistics of the website of Statistics Estonia. | |
Not applied |
SURVEY DATA The total population is 19 objects. All objects are observed. ADMINISTRATIVE DATA Not used DATA FROM OTHER STATISTICAL ACTIVITIES Not used | |
Quarterly | |
Data are collected and the submission of questionnaires is monitored through eSTAT (the web channel for electronic data submission). The questionnaires have been designed for independent completion in eSTAT and include instructions and controls. The questionnaires and information about data submission are available on the website of Statistics Estonia in the section Questionnaires. Data are collected with the quarterly statistical questionnaire “Insurance”. | |
Arithmetic and qualitative controls are used in the validation process, including comparison with the data of previous periods and other surveys. | |
In the case of missing or unreliable data, missing values are imputed according to set rules. Variables and statistical units which were not collected but which are necessary for producing output are calculated. New variables are calculated by applying arithmetic conversion to already existing variables. This may be done repeatedly; the derived variable may, in turn, be based on previously derived variables. Microdata are aggregated to the level necessary for analysis. The collected data are converted into statistical output. This includes calculating additional indicators. | |
Not applied |