STATISTICS: Greek insurers posted subunit growth rate in 9 months 2022 GWP

1 December 2022 —
STATISTICS: Greek insurers posted subunit growth rate in 9 months 2022 GWP
According to the January-September 2022 preliminary insurance market figures published by HAIC - Hellenic Association of Insurance Companies, at the end of Q3, the Greek insurance market totaled EUR 3.19 billion, up by only 0.3% y-o-y.

The non-life insurance segment increased by 5.3% y-o-y to EUR 1.66 billion - of which EUR 547.4 million - MTPL, EUR 180.2 million - MoD, EUR 355.1 - property, while the life insurance business line was down by -5.2% y-o-y to EUR 1.42 billion - due the negative dynamic reported by traditional life products (-10.4%).

The market figures published by HAIC include the figures for 52 insurance companies of which 17 were active in life insurance (and accounted for 99.9% of the segment market's full data for 2021) and 45 were active in non-life insurance (94.5% market share).

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