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.
The non–life insurance segment increased by 11.6% y-o-y to EUR 1.32 billion (or 50.1% of total market), of which EUR 380.5 million – Motor TPL, EUR 262.3 million – property lines, EUR 141.4 million – MoD.
At the same time, the life insurance business line was up by 16.4% to EUR 1.32 million – due to the over 28% growth rate reported by the life unit-linked products (EUR 536.70 million). The GWP generated by the traditional life policies increased by 8.40% y-o-y to EUR 591 million.
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STATISTICS: Greece insurance market posted double digit increase in H1 2023
13 September 2023 — Andrei VICTOR
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