STATISTICS: Greek market has fallen below the threshold of EUR 4 billion

25 February 2021 — Andrei Victor
According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 3.92 billion at the end of 2020, down by 3.7% y-o-y.

The FY 2020 results take into consideration 51 HAIC members, of which 19 were active in life insurance (99.9% market share of FY 2019 life GWP) and 43 were active in the Non-life insurance (94.9% market share).

According to the presented year-end figures, the non-life insurance segment remained almost at the 2019 level - EUR 2.10 billion vs. EUR 2.09 billion on December 31st, 2019, while in the case of non-life business lines, Greek insurers generated about EUR 1.81 billion in GWP, 8% less y-o-y.

Access and download the latest Greece insurance market statistics.

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