STATISTICS: Greece insurance market posted double digit increase in H1 2023

13 September 2023 — Andrei VICTOR
STATISTICS: Greece insurance market posted double digit increase in H1 2023

Half year premiums underwritten by Greek insurers members of Hellenic Association of Insurance Companies (HAIC) totaled EUR 2.65 billion, up by 14% y-o-y according to end-June 2023 figures.

The non–life insurance segment increased by 11.6% y-o-y to EUR 1.32 billion (or 50.1% of total market), of which EUR 380.5 million – Motor TPL, EUR 262.3 million – property lines, EUR 141.4 million – MoD.

At the same time, the life insurance business line was up by 16.4% to EUR 1.32 million – due to the over 28% growth rate reported by the life unit-linked products (EUR 536.70 million). The GWP generated by the traditional life policies increased by 8.40% y-o-y to EUR 591 million.

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