Greece
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Greece FY2023 Market Portfolio
Greece 3Q2023 Market Portfolio
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Latest news
GREECE: life insurance grew by over 19% in the first 10 months of 2019
For the period between January and October 2019, life insurance had a positive trend. According to the data of EAEE (The Association of Insurance Companies of Greece), the Greek life sector saw a 19.1% rise y-o-y, reaching EUR 1.65 billion.
7 January 2020Ethniki Asfalisitiki: a new chapter in the Greek's insurance market flagship sale
Latest news available show the group of bidders interested by the sale of the leading Greek insurance company Ethniki to five: the Chinese group Fosun, the investment funds CVC Capital Partners, Centerbridge and Lone Star, and a special purpose vehicle called I3CP, which is associated with Leadenhall Capital Partners.
11 December 2019STATISTICS: GREEK insurance market expanded to EUR 3 billion at the end of September
The Greek insurers reported aggregate GWP of EUR 3 billion at the end of September 2019, up by 7.8% y-o-y, according to the nine-months market report published by the Hellenic Association of Insurance Companies (HAIC).
5 December 2019GREECE: Hellenic Bank to purchase MetLife's shares in Alico
Hellenic Bank signed a share-purchase agreement with MetLife Services Cyprus Limited for the acquisition of the entire participation interest of MetLife (equal to 27,5%) in the share capital of Hellenic Alico Life Insurance Company Limited.
1 November 2019GREECE: 4 bidders for a new attempt to sell ETHNIKI
A new round of bids to sell Ethniki was initiated, this time with the deadline set to the end of Q1 2020, for 80% stake in the national company, valued at EUR 658 million, Insurance Daily reports.
24 October 2019STATISTICS: GREECE, 1H2019: Greek insurance market reported more than EUR 2 billion in first half GWP
At the end of June 2019, the Greek insurance market totaled EUR 2 billion, up by 3.9% y-o-y, according to the preliminary market figures published by the Hellenic Association of Insurance Companies (HAIC).
3 October 2019STATISTICS: GREECE, January-April update: property insurance significantly affects the decline of non-life
According to the Hellenic Association of Insurance Companies (HAIC), the local insurance market grew by 2.2% y-o-y from January-April 2019. Total GWP reached EUR 1.3 billion by the end of April.
18 July 2019Greece: Fierce storm damages peaches, pears apples and kiwifruit
14 July 2019GREECE: life insurance for January-April increased by 7.4% y-o-y
For the first four months of this year, life insurance increased by 7.4% y-o-y, reported insuranceworld.gr and Insurancedaily.gr according to EAEE (Association of Insurance Companies of Greece).
11 July 2019GREECE: 12th Insurance Conference: industry is important for providing security to the population and society
On May 28, the 12th Insurance Conference was held in Greece with participation of top insurance market executives and institutional players in the country, in collaboration with the financial & business portal banks.com.gr, the portal Insuranceworld.gr, and the magazine, Insurance World.
30 May 2019COFACE to expand its expertise on the Greek credit insurance market
The global trade credit insurance COFACE announced the launch of its credit insurance offer in Greece, after being granted a license from the Greek regulatory authority to operate as credit insurer.
28 March 2019GREECE: Aegean Insurance to collaborate with Tieto to accelerate innovation in local insurance market
Greece-based Aegean Insurance will start using the Finland-based Tieto "Insurance-in-a-Box" platform to become a leading innovator in the Greek insurance market.
28 March 2019GREECE: 1993-2018 natural catastrophes report
During 1993-2018, Greece insurers paid EUR 359 million for natural catastrophes claims. The 1999 earthquake was by far the most devastating and costly natural disaster, when a total of EUR 111 million in insurance indemnities were paid to the victims.
28 February 2019STATISTICS: GREECE FY2018: Non-life segment maintained the market on ascendant path
The insurance market of Greece totaled EUR 3.19 billion at the end of December 2018, up by 1.8% y-o-y, according to the preliminary figures published by the Hellenic Association of Insurance Companies (HAIC).
7 February 2019EIG's second attempt to acquire Credit Agricole Life rejected by the Greek Central Bank
The Greek central bank's Credit and Insurance Committee announced it has banned the proposed acquisition of a 100% stake in Credit Agricole Life by the Bulgarian Euroins Insurance Group (EIG).
25 January 2019National Bank of Greece to extend deadline to sell Insurance subsidiary
18 January 2019Greece: new bid for the Ethniki acquisition
After the failure of the previously announced acquisition attempts made by Fosun, Exin or Gongbao, it seems that a new opportunity to sell Ethniki - Hellenic General Insurance Co. presented itself to National Bank of Greece, with a bid launched by a consortium led by Hannover Re S.E.
9 January 2019Greece's population in rapid decline
2 January 2019STATISTICS: Greece, 3Q2018: Non-Life pushed-up the quarterly figures
The Greek insurers reported aggregate GWP of EUR 2.87 billion at the end of September 2018, up by 2.1% y-o-y, according to the nine-months market report published by the Hellenic Association of Insurance Companies (HAIC).
22 November 2018Ethniki sale saga continues: NBG to ask EU for more time to complete the sale
The National Bank of Greece (NBG) and the owner of the largest and the oldest Greek insurer - Ethniki - will ask the EU for more time to complete the planned asset sale under the EU-approved restructuring plan, according to sources quoted by international media.
1 November 2018
