STATISTICS: GREECE, 1H2015: Life insurance maintained the market on a positive track

The Greek insurers reported a GWP of EUR 1.96 billion in the first half of 2015, as compared with EUR 1.92 billion a year earlier, according to the 1H2015 Report published by the Hellenic Association of Insurance Companies (HAIC). The Report published by HAIC includes the figures for 57 insurers accounting for 95.8% of the insurance market's full data for 2014. Of these, 21 were active in the life segment (97.4% market share) and 47 were active in the non-life segment (94.4% market share).

In the analyzed period, the non-life insurance GWP accounted for 48.99% of the total (EUR 960 million, 9% less y-o-y), while the life insurance segment accounted for the remainder of the market (approximately EUR 1 billion, or 15% more y-o-y).

On the life sub-segment, traditional policies increased by 5% y-o-y, while the unit linked products reported a significant increase of more than 45%. In case of the non-life sector, the main sub-classes reported negative rates: MTPL (-16.5%), Motor Hull (-9.1%), and property (-2.3%).

Access www.xprimm.com and download 1H2015 Greece insurance market statistics.

More about the Greek insurance market evolution in 1H2015 will be available in the forthcoming issue of XPRIMM Insurance Report 1H2015, to be released on October, 18th, on the occasion of the Baden-Baden XPRIMM Reception (Kurhaus Casino, Runder Saal, 18:30 - 20:30 hours).

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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