ERGO in Estonia

Three companies operate under the name ERGO in Estonia: the non-life insurance company ERGO Insurance SE, the life insurance company ERGO Life Insurance SE Eesti filiaal and the 2nd and the 3rd pillar pension funds manager ERGO Funds AS.

ERGO has in Estonia extensive sales network with 43 branches, and offers the broadest range of life, pension and property insurance. ERGO serves clients 140,000 and manages more than 200,000 contracts in Estonia. ERGO is the second largest company of its kind in non-life insurance in 2012 year with 18.3% market share, and has in life insurance 7% market share and in second pillar pension funds 4% market share.


ERGO Insurance SE is one of Estonia’s leading insurance companies and and offers the comprehensive selection of property insurance products to both private clients and businesses. Since 2009 ERGO became the official broker of ERGO Life Insurance SE Eesti filiaal life insurance products, of ERGO Funds AS pension funds products and of D.A.S Õigusabikulude Kindlustuse AS legal cost insurance products in Estonia. ERGO has over 110,000 clients and managers more than 180,000 contracts. It has been operating in Estonia since 1990. 

ERGO Life Insurance SE Eesti filiaal offers a complete range of life and pension insurance options and was one of the driving forces behind voluntary pension insurance in Estonia. This insurance, also known as 3rd pillar, makes up the largest part of the organisation's portfolio. The company is also the only insurer in Estonia to offer life-long second pillar pension payments (pension insurance) and voluntary health insurance. ERGO’s life insurance companies in the Baltic States became one European company called ERGO Life Insurance SE as of 3 January. The head office of the company is located in Lithuania (Vilnius) and its branches are in Estonia and Latvia. The former ERGO Elukindlustus in Estonia is operating under the new name ERGO Life Insurance SE Eesti filiaal. More detailed information about merger you might find here.
ERGO Life Insurance SE Eesti filiaal serves 13,000 clients. It has operated in the country since 1995.

ERGO Funds AS, in association with Trigon Capital, the leading investment bank in the Baltic States, manages ERGO’s 2nd and 3rd pillar pension funds in Estonia and Lithuania. ERGO pension funds combine the financial capacity and long-term insurance experience of the company and the investment advice experience of the fund manager, Trigon Capital. The goal of ERGO’s pension fund investment strategy is to maximise the pension its clients will receive in the future through balanced and long-term growth and without taking any unnecessary risks and having the lowest management fees in the market.

As of 2009 the company manages the assets of 32,273 clients in the amount of 56 mill euros (877 mill kroons), including the assets of 23,000 clients in Estonia in the amount of more than 29 mill euros (458 mill kroons). It is owned by ERGO International AG (46.08%), ERGO Life Insurance SE (24.58%), ERGO Life Insurance SE Eesti filiaal (19.97%) and ERGO Insurance SE (9,37%).

ERGO’s companies in Estonia are part of the ERGO Insurance Group, which serves 40 million clients in over 30 European and Asian countries. The profit earned by ERGO Insurance Group was 19 bill euros (297 billion kroons). The majority owner of the group is one the world’s largest insurance groups, Munich Re, which was founded in 1880.

ERGO’s companies employs 485 people in Estonia.

ERGO companies operating in Estonia are audited by KPMG Baltics. 

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