Greece
Greece: Insurers' compensations for wildfires in the summer of 2023 are estimated at EUR 49 million
A total of 403 damages were reported, with total compensations amounting to EUR 48.78 million after the wildfires that affected Greece this summer, the Union of Insurance Companies of Greece (EAEE) said.
1 November 2023GREECE: Thessaly has the lowest rate of home insurance against natural disasters
The region of Thessaly in Greece has the lowest rate of home insurance against natural disasters, according to data from the Insurers Association of Greece for June 2023, insurancedaily.gr writes.
19 October 2023GREECE: Fewer complaints about the insurance market in 2022 over the last seven years
The situation on the insurance market based on the complaints received by the Consumer Ombudsman in 2022 compared to previous years significantly improved, insurancedaily.gr reports.
10 October 2023STATISTICS: Greece insurance market posted double digit increase in H1 2023
Half year premiums underwritten by Greek insurers members of Hellenic Association of Insurance Companies (HAIC) totaled EUR 2.65 billion, up by 14% y-o-y according to end-June 2023 figures.
13 September 2023GREECE: INTERLIFE Insurance sees an increase in total premium production of over 17% for 1Q2023
INTERLIFE Insurance recorded a significant increase in business in 1Q2023 - by 17.09% vs 10.2% on the market, according to Ioannis Votsaridis, who presented the company's data, insuranceforum.gr reports.
21 June 2023STATISTICS: Greek insurers' Q1 GWP increased by 6.8% y-o-y to EUR 1.23 billion
According to the Q1 2023 preliminary statistics published by HAIC - the Hellenic Association of Insurance Companies, at the end of March, the Greece insurance market totaled at EUR 1.23 billion, 6.8% more y-o-y.
31 May 2023STATISTICS: Greek's insurers Fy2022 business grow 4.2% y-o-y
According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 4.85 billion at the end of 2022, up by 4.2% y-o-y.
16 February 2023STATISTICS: 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.
1 December 2022GREECE: Marianna Politopoulou to leave NN Group
Marianna Politopoulou, Chief Executive Officer (CEO) of NN Hellas, has decided to leave NN Group as of 30 November 2022, to pursue opportunities outside the company. "Marianna's successor will be announced in due course", as NN Group representatives informed in a statement.
15 November 2022STATISTICS: Greece 1H2022: insurance market remained at the end-June 2021 level
Half year premiums underwritten by Greek insurers members of Hellenic Association of Insurance Companies (HAIC) totaled EUR 2.14 billion, up by 0.20% y-o-y according to end-June 2022 preliminary figures.
22 September 2022STATISTICS: Greek insurers' Q1 GWP decreased by 1.3% y-o-y
According to the Q1 2022 preliminary statistics published by HAIC - the Hellenic Association of Insurance Companies, at the end of March, the Greece insurance market totaled at EUR 1.06 billion, 1.3% less y-o-y.
24 May 2022NN Group completes the acquisition of MetLife's businesses in Poland and Greece
On 22nd April, NN Group announced the completion of the acquisition of MetLife's businesses in Poland, following the approval obtained by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego, KNF) on 14 April 2022. NN Group completed the acquisition of MetLife's businesses in Greece on 31 January 2022.
27 April 2022STATISTICS: 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.
8 March 2022Allianz to expand its presence in Greece by acquiring non-life insurer European Reliance
Allianz SE today announced it is entering into certain Share Purchase Agreements (SPAs) to acquire 72% of Greek insurer European Reliance General Insurance Company. The German insurer will pay EUR 7.80 per share or approximately EUR 207 million to acquire all the outstanding shares via the SPAs and a combined Voluntary Tender Offer.
16 February 2022Poland and Greece: NN Group obtains EC competition clearance to acquire MetLife's businesses
NN Group announces that it has obtained competition clearance from the European Commission to acquire MetLife's business activities in Poland and Greece. The intended acquisition was announced on 5 July 2021.
13 December 2021GREECE: Risk of reduced profitability remains high
The risk of reduced profitability, mainly in the long run, remains high, due to reduced demand for non-compulsory insurance, as stated by the Bank of Greece in its latest Financial Stability Report.
7 December 2021STATISTICS: Greece, Q3: Local market exceeded EUR 3 billion due the 66% y-o-y increase in life UL
Q3 2021 preliminary insurance market figures published by HAIC - Hellenic Association of Insurance Companies, shows that at the end of September 2021, the Greek insurance market totaled EUR 3.17 billion, up by 9.3% y-o-y)
10 November 2021GREECE: Hellas Direct to enter the Romanian market
Hellas Direct, one of the largest motor insurance companies in Greece, is preparing to enter the Romanian market, insuranceforum.gr informed.
1 November 2021STATISTICS: Greece H1 2021 figures: Life segment pushed-up the market over EUR 2 billion
Half year premiums underwritten by Greek insurers members of Hellenic Association of Insurance Companies (HAIC) totaled EUR 2.13 billion, 9.4% more y-o-y according to end-June 2021 preliminary figures.
8 September 2021UPDATE: MetLife's business acquisition by NN Group, in Poland and Greece, agreed upon for a consideration of EUR 584 million
The potential acquisition reported by XPRIMM last week has become a certainty, with Dutch Group NN agreeing with American MetLife to acquire the latter's business activities in Poland and Greece for a consideration of EUR 584 million.
8 July 2021
