STATISTICS: GREECE, Q1: Unit-linked policies maintained the local market in positive teritorry

The Greek insurers reported GWP of EUR 993 million in the first quarter of 2015, 0.7% more y-o-y, according to the 1Q2015 Report published by the Hellenic Association of Insurance Companies (HAIC). Non-life insurance premiums accounted for 50.2% of the total insurance premiums (EUR 498 million, 11.8% less y-o-y), while the life insurance segment accounted for the remainder of the market (EUR 495 million, or 17.5% more y-o-y).

On the life segment, traditional life insurance reported a 4.7% increase, while the GWP of unit-linked sub-segment almost doubled: GWP of EUR 108 million, or 84% more y-o-y.

On the other hand, the main non-life sub-segments recorded negative rates: MTPL (-20.1%), motor hull (-15.6%), property (-7.7%). The three mentioned classes accoundetd for almost 40% of total market.

The report published by HAIC includes the figures for 57 insurance companies accounting for 95.8% of the total market. Of these, 21 were active on the life segment (97.4% market share) and 47 were active in the non-life segment (94.4% market share).

Access www.xprimm.com and download 1Q2015 Greece insurance market statistics.

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