STATISTICS: GREECE, 3Q2014: Life policies have slowed the insurance market decline to 1%
In the analyzed period, non-life insurance premiums accounted for 53.4%% of the total insurance premiums - EUR 1.5 billion, or 10% less y-o-y, due the double-digit decreases in almost all major non-life sub-segments: motor hull (-13.4%), damages to property (-10.6%), motor TPL (-13.4%), fire and allied perils (-7.8%), GTPL (-2.9%).
On the other hand, the life insurance segment increased 11.8% to EUR 1.3 billion (about 46.6% of total market). The traditional life policies increased 1 percent and generated about one third of total market (EUR 874 million), while the unit-linked products almost doubled its share the market due the 75% increase in GWP to EUR 267 million.
Access www.xprimm.com and download 3Q2014 Greece insurance market statistics.