STATISTICS: GREECE, 1Q2016: market down by 6% y-o-y

At the end of March 2016, the Greek insurance market totaled EUR 948.57 million, down by 5.7% y-o-y, according to the preliminary market figures published by the Hellenic Association of Insurance Companies (HAIC). The life insurance segment decreased by 10% y-o-y, to EUR 456.68 million, while the non-life business line dropped by 1.2% to EUR 491.89 million.

The preliminary market results published by HAIC include the figures for 56 insurance companies accounting for 97.1% of the insurance market's full data for 2015. Of these, 22 were active on the life segment (99.9% market share) and 45 were active in the non-life segment (94.5% market share).

HAIC noted in the report that all member companies, which are established in Greece, were taken into account, while the insurers operating under freedom of service (F.O.S.) were excluded.

Access www.xprimm.com and download 1Q2016 Greece insurance market statistics.

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

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