STATISTICS: GREECE, 1Q2017: The growth rate of life insurance maintained the market in the positive area

At the end of March 2017, the Greek insurance market totaled EUR 962 million, up by 1.4% y-o-y, according to the preliminary market figures published by the Hellenic Association of Insurance Companies (HAIC).

The life insurance segment was up by 3.5% y-o-y, to EUR 321 million, due the 65% y-o-y increase reported by unit-linked products , while the non-life business line dropped by 0.6% to EUR 473 million - influenced by the decreases reported on the two property lines (-1%) and the two motor subclasses (-3%)

The preliminary market results published by HAIC include the figures for 50 insurance companies accounting for 97.2% of the insurance market's full data for 2016.

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 1Q2017 Greece insurance market statistics.

Related articles

STATISTICS: UPDATE: Greece, FY2016: 4.6% y-o-y increase in the overall premium income

According to a recent press release of the Hellenic Association of Insurance Companies (HAIC), the Greek insurance market saw a 4.6% y-o-y increase in the overall premium income in 2016, to EUR 3.78 billion. The result takes into consideration the 56 insurance undertakings HAIC members, representing approximately 97.1% of total premium income.

2017-03-16

Greece, FY2016: 4.6% y-o-y increase in the overall premium income

According to a recent press release of the Hellenic Association of Insurance Companies (HAIC), the Greek insurance market saw a 4.6% y-o-y increase in the overall premium income in 2016, to EUR 3.78 billion. The result takes into consideration the 56 insurance undertakings HAIC members, representing approximately 97.1% of total premium income.

2017-03-09

GREECE: PIRAEUS Bank sells ATE Insurance to ERGO Group for EUR 90 million

PIRAEUS Bank, Greece's biggest lender, has completed the sale of its ATE Insurance business to ERGO Group - part of German reinsurer MUNICH Re - for EUR 90.1 million. The transaction makes ERGO the largest property-casualty insurer in the market, and the price is subject to net asset value adjustments, ERGO said in a statement.

2016-08-04

ON THE MOVE

TOP EVENT

The 9th International Istanbul Insurance Conference started today in Istanbul

In emerging markets like Turkey, there can be a significant difference between the insured and total insurable losses. Parametric insurance is a smart way to close this protection gap. While the traditional products cover an insured loss, parametric products provide financial protection for various expenses from financial liabilities to contingent loss of profit which, in return, decreases the economic loss burden following a CAT event.

04.10.2017

61st "Rendez-Vous de Septembre" ends today in Monte Carlo: review

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers ends today in Monte Carlo. The Nat Cat insurance protection gap, as well as the global insurance market readiness to deal with the increasing complexity of the cyber risks were among the most debated topics.

14.09.2017

See all