STATISTICS: GREECE, 3Q2020: Insurance market decreased by 4.5% due to life segment fall

19 November 2020 — Andrei Victor
According to the 3Q preliminary insurance market figures published by HAIC - Hellenic Association of Insurance Companies, at the end of September 2020, the local insurance market totaled EUR 2.87 billion, down by 4.5% y-o-y.

The non-life insurance segment slightly increased by 0.2% y-o-y to EUR 1.55 billion, while the life insurance business line decreased by almost 10% to EUR 1.31 billion - influenced by the negative dynamic reported by the traditional life policies (-16.8%).

The market figures published by HAIC include the figures for 51 insurance companies of which 19 were active in life insurance (and accounted for 99.9% of the segment market's full data for 2019) and 43 were active in non-life insurance (94.9% market share).


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