Greece

Location: Greece is located in Southern Europe bordering the Ionian Sea, and the Mediterranean Sea, between Albania and Turkey. It is in a strategic location dominating the Aegean Sea and the southern entrance to the Turkish Straits. It is a peninsular country, possessing an archipelago of about 3,000 islands.

Climate: Mediterranean climate with mild wet winters and hot, dry summers. Snowfalls do occur occasionally during the winter.

Natural Hazards: Severe earthquakes, droughts, wildfires.

Currency: EURO

Sources: Hellenic Association of Insurance Companies
Bank of Greece

Insurance statistics
1H2017	Market Portfolio	xlsx
1Q2017	Market Portfolio	xlsx
FY2016	Market Portfolio	xlsx
3Q2016	Market Portfolio	xlsx
1H2016	Market Portfolio	xlsx
1Q2016	Market Portfolio	xlsx
FY2015	Market Portfolio	xlsx
3Q2015	Market portfolio	xlsx
1H2015	Market Portfolio	xlsx
1Q2015	Market Portfolio	xlsx
FY2014	Market Portfolio	xlsx
3Q2014	Market portfolio	xlsx
1H2014	Insurance market overview	pdf
1H2014	Market Portfolio	xlsx
1Q2014	Market Portfolio	xlsx
FY2013	Insurance market overview	pdf
FY2013	Market Portfolio	xlsx
3Q2013	Market Portfolio	xlsx
1H2013	Insurance market overview	pdf
1H2013	Market Portfolio	xlsx
1Q2013	Market Portfolio	xlsx
FY2012	Insurance market overview	pdf
FY2012	Market Portfolio	xlsx
3Q2012	Market Portfolio	xlsx
1H2012	Insurance market overview	pdf
1H2012	Market portfolio	xlsx
1Q2012	Market Portfolio	xlsx
FY2011	Insurance market overview	pdf
FY2011	Market portfolio	xlsx

Greece FY2018 Market Portfolio

Greece 3Q2018 Market Portfolio

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Greek insurance magazine "Asfalistiki Agora" celebrates 40 years of activity

Editor: Daniela GHETU
2017-03-09

The Greek insurance magazine "Asfalistiki Agora" (Insurance Market) celebrates 40 years since it accompanies Greek insurers providing a large array of specialty information.

GREEK turnaround adds sheen to NBG's insurance asset sale

2017-01-17

An unexpected uptick in the outlook for the Greek economy should boost buyer demand for National Bank of Greece SA subsidiary Ethniki Hellenic General Insurance Co. SA, while the gradual removal of the social safety net should provide a stream of clients for its products over the longer term, analysts told S&P Global Market Intelligence.

GREECE's NBG likely to sell its insurance unit this year

2017-01-09

National Bank of Greece (NBG) expects to sell its subsidiary National Insurance this year and plans other sales as part of its restructuring, its chief executive said on Wednesday.

GREECE: Exin acquires AIG operations

2016-12-22

Matt Fairfield's (re)insurance start-up Exin Partners has struck a deal to buyout AIG's interest in AIG Greece in a deal worth upwards of EUR100mn ($104mn), The Insurance Insider can reveal.

GREECE: Bids for NBG's Ethniki Insurance set for Q1

2016-12-13

National Bank of Greece aims to have the binding bids for the sale of its subsidiary Ethniki Insurance within the first quarter of 2017. According to the group's commitment in its restructuring plan, the sale must take place in the first half of next year, but bank sources say the process will begin in January.

STATISTICS: HAIC: The GREEK insurance industry remained relatively at the 3Q2015 level

Editor: Vlad BOLDIJAR
2016-12-08

The Greek insurers reported gross written premiums of EUR 2.79 billion in 3Q2016, up by 1.3% y-o-y, according to a quarterly report published by the Hellenic Association of Insurance Companies (HAIC).

ALLIANZ: GREEKS Lost 30% of their Assets in 8 Years

2016-09-26

Greeks lost 30 percent of their wealth since 2007, while in the rest of western Europe households are much better off economically in 2015 than in 2007, a report says.

STATISTICS: GREECE, 1H2016: Changing life insurance classification system influenced the GWP rate on the life segment

Editor: Vlad BOLDIJAR
2016-09-15

The Greek insurers member of HAIC - Hellenic Association of Insurance Companies, reported a GWP of EUR 1.88 billion in the first half of 2016, or 5% less y-o-y, according to the half year report published on HAIC's website.

GREECE: PIRAEUS Bank sells ATE Insurance to ERGO Group for EUR 90 million

Editor: Vlad BOLDIJAR
2016-08-04

PIRAEUS Bank, Greece's biggest lender, has completed the sale of its ATE Insurance business to ERGO Group - part of German reinsurer MUNICH Re - for EUR 90.1 million. The transaction makes ERGO the largest property-casualty insurer in the market, and the price is subject to net asset value adjustments, ERGO said in a statement.

STATISTICS: GREECE, 1Q2016: market down by 6% y-o-y

Editor: Vlad BOLDIJAR
2016-06-30

At the end of March 2016, the Greek insurance market totaled EUR 948.57 million, down by 5.7% y-o-y, according to the preliminary market figures published by the Hellenic Association of Insurance Companies (HAIC). The life insurance segment decreased by 10% y-o-y, to EUR 456.68 million, while the non-life business line dropped by 1.2% to EUR 491.89 million.

Bank of Greece turns down Bulgaria's Euroins attempt to buy Credit Agricole Life

2016-06-23

The Bank of Greece has rejected the proposed acquisition of the local life insurance operations of France's Credit Agricole by Bulgaria's Euroins Insurance Group (EIG) due to solvency capital issues of the buyer's subsidiary in Romania.

GREECE residents to see flood insurance policy savings

2016-06-16

The state of New York has 1,500 communities that participate in the National Flood Insurance Program, but only 32 currently participate in the Community Rating System and none rank better than Class 7. Supervisor Bill Reilich says the Town of Greece is the only local municipality in Monroe County that participates in the National Flood Insurance Community Rating System Program, and has received a reduction in its Class rating from 8 to 7 providing additional savings for taxpayers.