Greece

Greece
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Greece
Location map
author: OCHA/ ReliefWeb


Location:
- Southern Europe;
- borders Ionian Sea and Mediterranean Sea;
- peninsular country, possessing an archipelago of about 3,000 islands, dominating the Aegean Sea and the southern entrance to the Turkish Straits;
- Neighbours: Cyprus, Turkey, Bulgaria, Macedonia, Albania, Italy.

Climate:
- Mediterranean climate with mild wet winters and hot, dry summers;
- snowfalls do occur occasionally during the winter.

Natural Hazards:
- severe earthquakes;
- droughts;
- wildfires.

Macro indicators
* 2018 estimates
Surface:131,957km2
Population*:10.7million
Pop. density*:81.4people/km2
GDP*:185.5EUR billion
GDP/capita*:17,274.8EUR

European Union:
EU member, since 1981

Currency: Euro
Code: EUR
Since: 2001


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:48%
TOTAL NON-LIFE*:52%
Overall Property*:11%
Overall Motor*:25%

Sources:



 

STATISTICS: GREECE 1H2026: Growth slows down but still remains in double-digit territory

According to the 1H 2026 preliminary statistics published by HAIC - the Hellenic Association of Insurance Companies, at the end of June 2026, the Greece insurance market totaled at EUR 3.25 billion, 12.15% up y-o-y, remaining on a positive trend although at a lower pace than in Q1.

According to data, the Greek life insurance segment continued the strong revival trend seen in Q1, increasing by 20% y-o-y to EUR 1.59 billion. The “Life insurance linked to investment funds” line continued providing for most of the growth in the life insurance business, recording a 26% increase in premiums. The non-life insurance subclasses expanded by 5.5% y-o-y to EUR 1.67 billion. In absolute terms, the largest part of the non-life premiums growth came from the MTPL line, followed by the “Fire and natural forces” class.

Of the 43 insurance enterprises, 26 were established in Greece in the form of S.A. Insurance Company, 1 in the form of mutual insurance cooperative, 12 as branches of foreign insurance enterprises and 4 European insurance enterprises operating under the FOS status.

Access xprimm.com and download the Greek insurance market statistics.











GREECE: GWP of NN Hellas exceeded EUR 1 billion in 2025

NN Hellas, the largest multinational insurance company in Greece, a member of the NN Group, ended 2025 with steady growth. With a focus on the customer experience through solid investments in its digital transformation and development, the company continues to strengthen its position in the Greek private insurance market, insuranceforum.gr writes.

GREECE: Life insurance assets rise 6.6% in 2025

In 2025, total assets under management in life insurance in Greece amounted to EUR 12.6 billion, which is 6.6% more y-o-y. This increase confirms steady strengthening of the sector in recent years, as the total size has increased from EUR 11.3 billion in 2023, insurancedaily.gr writes.




STATISTICS: GREECE 3Q2025: above average premiums increase in property insurance

Q3 2025 preliminary insurance market figures published by HAIC - Hellenic Association of Insurance Companies, shows that at the end of September 2025, the Greek insurance market totaled EUR 4.42 billion, up by 5.3% y-o-y.

Life insurance business line was up by 1.6% to EUR 2.05 billion. The non-life insurance segment increased by 8.8% y-o-y to EUR 2.39 billion - of which EUR 618 million - MTPL, EUR 269 - MoD, EUR 534.6 – property. Property insurance saw one of the most substantial growth rates, driven by the increased sales on the fire & natural forces insurance line (14.1%).



STATISTICS: GREECE 1H2025: property insurance grew by 10.6%

According to the half-year market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 2.9 billion at the end of 1H2025, up by 3% y-o-y from EUR 2.82 billion a year before.