Supervisors switch insurer market-share methods on 30 January 2027

Supervisors determine Estonian insurers' and reinsurers' market shares for supervisory reporting under new methods from 30 January 2027FI. Finantsinspektsioon's guideline page carries the revised European guideline EIOPA-BoS-25/395 on methods for determining market shares for reportingFI (Suunis eesti keeles, Suunis inglise keeles), adopted on 29 September 2025FI, with Jõustumise aeg 30.01.2027FI alongside the board decision, and its 2016 market-share guideline stands repealed (Kehtetu alates 30.01.2027) from the same dayFI. The revised guideline specifies the methods for determining the market shares referred to in Article 35a(1) and (2) of Directive 2009/138/ECFI and the process supervisors use to inform undertakings of quantitative regular supervisory reporting relief or exemptions.

The market is measured by line of business, not by licence.FI Market share takes account of whether the activity is life or non-life insurance rather than whether the undertaking holds a life or non-life licence.FI The share covers the activity of all insurance and reinsurance undertakings regardless of type, excluding only undertakings left outside the directive's scope under its Article 4.FI Where an undertaking's financial year differs from the calendar year, the latest annual information is used.

Life and non-life markets are computed differently each year. For the life insurance and reinsurance market, supervisors aggregate the relevant undertakings' life business including the total technical provisions for index-linked and unit-linked insurance.FI For the non-life market, they aggregate gross written premiums.FI The calculation draws on the information reported in annual quantitative templates S.05.01 and S.12.01 defined in Commission Implementing Regulation (EU) 2023/894.

Relief follows an assessment in which undertakings have a voice. Either the supervisor or the undertakings themselves may initiate relief or exemptionFI, and supervisors must duly consider undertakings' requests to be included in or excluded from the assessmentFI. Supervisors consult the group supervisor and weigh its opinion for group members, assess jointly which undertakings receive relief or exemptionFI, and count captive insurance and reinsurance undertakings subject to the Article 35a(3) exception when computing the 20% thresholdFI. An undertaking active in both life and non-life business receives relief or exemption only where adding both activities to the respective market shares does not breach the threshold.FI Supervisors inform the undertakings concerned in writing (kirjalikult) that they have been granted relief or exemption no later than three months before the end of the reporting year concernedFI (hiljemalt kolm kuud enne asjaomase aruandeaasta lõppu), and the notice stands until the supervisor notifies otherwise.

Undertakings should check which market share the supervisor assigns them under the new methods and whether their existing reporting relief or exemption survives the reassessment.

Legal basis: Directive 2009/138/EC Article 35a; Regulation (EU) No 1094/2010 Article 16; EIOPA-BoS-25/395 adopted 29 September 2025, applied from 30 January 2027, repealing EIOPA-BoS-15-106FI; Finantsinspektsioon recommendation with entry into force 30 January 2027FI, superseding its 2016 market-share guideline repealed from 30 January 2027FI; market-share inputs drawn from templates S.05.01 and S.12.01 defined in Commission Implementing Regulation (EU) 2023/894.