News - Insurance

STATISTICS: Greek market has fallen below the threshold of EUR 4 billion

According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 3.92 billion at the end of 2020, down by 3.7% y-o-y.

The FY 2020 results take into consideration 51 HAIC members, of which 19 were active in life insurance (99.9% market share of FY 2019 life GWP) and 43 were active in the Non-life insurance (94.9% market share).

Cyber LockoutSM ransomware solution for cyber attacks

Volante Global a multi-class and multi-territory international managing general agent (MGA) platform, has launched an innovative cyber ransomware solution, Cyber Lockout, that combines ransomware insurance cover with the latest in cyber security technology.

GBP 2.5 billion for UK insurance claims after COVID-19 in 2020

The UK insurance market has to pay up to GBP 2.5 billion for COVID-19 insurance claims incurred in 2020, as the Association of British Insurers has announced in a press release. ABI members consider that GBP 2 billion are due to COVID-19 business interruption claims.