STATISTICS: HAIC: Greece insurers GWP up by 7.7% in 2021

8 March 2022 —
STATISTICS: HAIC: Greece insurers GWP up by 7.7% in 2021
According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 4.26 billion at the end of 2021, up by 7.7% y-o-y.

According to the presented year-end figures, the non-life insurance increased by 5.7% y-o-y EUR 2.26 billion, while in the case of life business lines, Greek insurers generated about EUR 2 billion in GWP, up by 10% y-o-y.

It is worth mention in life business UL products posted a 57.7% increase in GEPto EUR 630 million, while traditional policies reported a negative rate of -4.5% y-o-y to EUR 1.16 billion. In case of non-life sub-classes, exccept Motor TPL (-1% y-o-y to EUR 727 million), al main products posted positive rates.

The FY 2021 results take into consideration 51 HAIC members, of which 18 were active in life insurance (99.8% market share of FY 2020 life GWP) and 46 were active in the Non-life insurance (94.0% market share).

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