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.
The non-life insurance increased by 9.7% y-o-y, to EUR 1.58 billion, while in the case of life business lines, Greek insurers generated about EUR 1.32 billion in GWP, down by 3.90% y-o-y.
Property insurance saw an overall 10.6% growth, to EUR 332.8 million. In 2025 insurers have once again responded to the increased frequently of the natural disasters. For example, extreme weather phenomena (rainfall - floods) have impacted Greece during the period March 29 - April 2, 2025. According to data provided by the insurance companies that participated in a relevant HAIC survey, a total of 476 losses were reported, the amount of compensation paid being estimated at a total of EUR 7.2 million. Of these, 341 losses concerned property insurance (estimated damages of EUR 6.9 million), 134 losses concerned car insurance (estimated EUR 232 thousand), and 1 loss concerned boat insurance (estimated EUR 40 thousand).
According to the latest available HAIC data, the number of insured homes against both weather phenomena and earthquakes has steadily increased, reaching 662,452 policies by March 2025 (up from ~509,000 in September 2023). The total number of home insurance policies rose to 1.288 million by March 31, 2025.
Home coverage by risk type reached by the end of Q1 the following structure:
- Weather phenomena: 124,789 contracts (12.3%)
- Earthquake: 189,532 contracts (18.6%)
- Both weather & earthquake: 660,160 contracts (65%)
- Fire only (excluding weather/earthquake): 41,734 contracts (4.1%)
Access xprimm.com and download the Greek insurance market statistics.
