GREECE: life insurance for January-April increased by 7.4% y-o-y

11 July 2019 — Marina MAGNAVAL
For the first four months of this year, life insurance increased by 7.4% y-o-y, reported and according to EAEE (Association of Insurance Companies of Greece).

At the same time, total GWP of insurance companies-members of the Association of Insurance Companies of Greece saw an increase of 2.2% y-o-y. Non-life sector, on the contrary, declined by 2%. The largest decline was recorded in insurance of civil liability of vehicle owners (-3.1%), while the rest non-life classes dropped in general by 1.4%.

Total GWP amounted to EUR 1.3 billion. Life GWP reached EUR 610 million, and non-life GWP EUR 701 million.

The detailed EAEE report for January-April 2019 can be found here (in Greek only).

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