STATISTICS: GREEK insurance market expanded to EUR 3 billion at the end of September

5 December 2019 — Andrei Victor
The Greek insurers reported aggregate GWP of EUR 3 billion at the end of September 2019, up by 7.8% y-o-y, according to the nine-months market report published by the Hellenic Association of Insurance Companies (HAIC).

The 3Q2019 market results published by HAIC include the figures for 52 insurance companies of which 19 were active in life insurance (and accounted for 99.9% of the segment market's full data for 2018) and 44 were active in non-life insurance (94.8% market share).

In terms of GWP, the life insurance segment was up by 15.4% y-o-y to EUR 1.45 billion due the the double digit increaseses reported by the two main subclasses: +26.2% y-o-y reported by UL policies to EUR 189 million, while the traditional life policies reported a positive growth rate of 10.6% y-o-y to EUR 1.08 billion.

The published figures show that the non-life insurance GWP accounted for 51.8% of the total - EUR 1.55 billion, or 1.4% more y-o-y. Motor TPL segment was the largest non-life insurance class - EUR 560 million in total GWP, followed by property policies (EUR 318.8 million) and MoD (EUR 162 million).

Access and download 3Q2019 Greece insurance market statistics.
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