Greece
STATISTICS: GREECE 1Q 2025: negative change in GWP driven by the life insurance segment
According to the Q1 2025 preliminary statistics published by HAIC - the Hellenic Association of Insurance Companies, at the end of March, the Greece insurance market totaled at EUR 1.37 billion, 2.2% down y-o-y.
GREECE: EUROPE INSURANCE to expand its activities in Romania
EUROPE INSURANCE has announced the expansion of its activities in Romania under the Freedom of establishment principle, following the approval received on May 15, 2025 by the Bank of Greece, insuranceforum.gr reports.
GREECE: EAEE: Greece remains dangerously underinsured, leaving citizens with a disproportionate financial burden
The Hellenic Association of Insurance Companies (EAEE) held an event "Securing THE FUTURE | Sustainability & Resilience" in the context of its Annual General Meeting. The event covered a wide range of issues such as health and pension savings, focusing on climate change and natural disasters.
GREECE: Ethniki Insurance records strong growth in 2024 with a 15.8% GWP increase and strengthens its market share to 14.6%
In 2024, Ethniki Insurance recorded a 15.8% increase in GWP, significantly exceeding the market average of 8.7%. As a result, the company’s market share is expected to reach 14.6% from 13.7% in 2023, the insurer said.
STATISTICS: GREECE FY2024: 8.7% growth driven by life, motor and property insurance lines
According to the survey conducted by the Association of Insurance Companies of Greece (AAEE) among its member Insurance Companies, the total premium production in 2024 increased by 8.7% compared to the previous year, amounting to EUR 5.68 billion.
GREECE: EAEE elected its new Board of Directors for the two-year period 2025-2026
The Hellenic Association of Insurance Companies (EAEE) on February 25 elected its new Board of Directors for the two-year period 2025-2026.
GREECE: Total amount of payments for the losses from Bora storm estimated at EUR 18.7 million
The EAEE survey provides the first estimate of the Greek insurance market's payments for property and motor insurance losses from the extreme weather events (Bora storm) that hit Greece during the period 30 November - 2 December 2024, insurancedaily.gr writes.
STATISTICS: GREECE 3Q2024: Impressive increase in life insurance linked to investment funds
Q3 2024 preliminary insurance market figures published by HAIC - Hellenic Association of Insurance Companies, shows that at the end of September 2024, the Greek insurance market totaled EUR 4.19 billion, up by 10.8% y-o-y.
GREECE: The loss ratio in motor insurance exceeded 2018 levels
The financial “health” indicators of the motor insurance sector have returned to the pre-pandemic negative levels, insurancedaily.gr writes.
STATISTICS: GREECE 1H2024: increased demand for property insurance
According to the half-year market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 2.8 billion at the end of 1H2024, up by 6.7% y-o-y from EUR 2.63 billion a year before. The non-life insurance increased by 8.5% y-o-y, to EUR 1.44 billion, while in the case of life business lines, Greek insurers generated about EUR 1.37 billion in GWP, up by 4.90% y-o-y.
Angeliki Mouratidou is the new General Manager of Euroins Greece
As of 16 September, Angeliki Mouratidou is the new General Manager of Euroins Greece. Athanasios Smyrnis and Vasil Dimitrov remain in the company as Deputy Managers to provide their valuable support.
GREECE: Insurance assets increased by EUR 301 million in 1Q2024
In 1Q2024 the total asset value of insurance companies increased by EUR 301 million y-o-y and stood at EUR 20,588 million, insurancedaily.gr writes.
STATISTICS: Greek insurers’ Q1 GWP increased to EUR 1.40 billion
According to the Q1 2024 preliminary statistics published by HAIC - the Hellenic Association of Insurance Companies, at the end of March, the Greece insurance market totaled at EUR 1.40 billion, 14.3% more y-o-y.
GREECE: total contribution of the insurance sector in GDP amounts to EUR 2.5 billion
The total contribution of the insurance sector in GDP amounts to EUR 2.5 billion, insurancedaily.gr writes with reference to the EAEE annual report (Hellenic Association of Insurance Companies) for 2023.
GREECE: the market is concerned about increases in health insurance premiums
A rise in health insurance premiums, which is largely attributed to cost increases by health care providers, has negative effects on both insureds and intermediaries, insurancedaily.gr writes.
STATISTICS: Greek's insurers FY2023 business expanded to over EUR 5 billion
According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 5.26 billion at the end of 2023, up by 8.89% y-o-y from EUR 4.84 billion a year before.
GREECE: 16 storms caused over EUR 511 million of insured losses from 2015 to 2023
From 2015 to 2023 Greece has recorded 16 rainstorms with serious effects on the local economy. Through the Cat Monitor tool created by EAEE (the Association of Insurance Companies of Greece) important data on extreme natural disasters is recorded across the country, insurancedaily.gr writes.
GREECE: Four LoBs bring additional EUR 300 million in premiums
Last year by the end of November four insurance LoBs saw over EUR 300 million premium increase. These are investment life insurance, which brought additional EUR 132.1 million, health insurance where premium production increased by EUR 95 million, fire insurance with additional EUR 50 million and vehicle insurance with EUR 36.4 million, insurancedaily.gr writes.
GREECE: NN Hellas is recognized as Top Employer 2024
NN Hellas has been recognized as Top Employer 2024 for another year, confirming its commitment to creating a model working environment. It is the only insurance company recognized for the 6th year in a row as a top employer in Greece, insurancedaily.gr writes.
STATISTICS: Greece market expanded to almost EUR 4 billion during Q1-Q3 2023
Q3 2023 preliminary insurance market figures published by HAIC - Hellenic Association of Insurance Companies, shows that at the end of September 2023, the Greek insurance market totaled EUR 3.8 billion, up by 9.7% y-o-y.

5 June 2025