STATISTICS: Greek's insurers FY2023 business expanded to over EUR 5 billion

5 March 2024 — Andrei VICTOR
STATISTICS: Greek's insurers FY2023 business expanded to over EUR 5 billion

According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 5.26 billion at the end of 2023, up by 8.89% y-o-y from EUR 4.84 billion a year before.

The non-life insurance increased by 12.10% y-o-y EUR 2.70 billion, while in the case of life business lines, Greek insurers generated about EUR 2.56 billion in GWP, up by 5.70% y-o-y.

In the case of non-life sub-classes, all main lines of business posted positive rates, while in life business, traditional products posted a 5.9% negative rate to EUR 1.15 billion.

Access XPRIMM Database and download latest Greece insurance market statistics.
 

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