Location map
author: OCHA/ ReliefWeb

- 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.

- 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
Pop. density*:81.4people/km2
GDP*:185.5EUR billion

European Union:
EU member, since 1981

Currency: Euro
Code: EUR
Since: 2001

Insurance market portfolio
* 2018 estimates
Overall Property*:11%
Overall Motor*:25%



GREECE: 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.

NN 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.

Allianz 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.

GREECE: 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.