STATISTICS: GREECE, January-April update: property insurance significantly affects the decline of non-life

18 July 2019 — Marina MAGNAVAL
According to the Hellenic Association of Insurance Companies (HAIC), the local insurance market grew by 2.2% y-o-y from January-April 2019. Total GWP reached EUR 1.3 billion by the end of April.

The market growth is supported by the life sector (+7.4%), which occupies 34% of total GWP. At the same time non-life insurance declined by 2% y-o-y. Its market share fell to 53.5%.

The main segment of non-life significantly affecting the sector's decline is property insurance (-16.4%), while motor classes decreased only slightly y-o-y.

Access and download Greece insurance market statistics.

Greece 4M2019 Market Portfolio (per insurance classes, in EUR):
  • Gross written premiums;
  • Changes y-o-y;
  • Market weight.

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