Greece

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Location map
author: OCHA/ ReliefWeb


Location:
- Southern Europe;
- borders Ionian Sea and Mediterranean Sea;
- peninsular country, possessing an archipelago of about 3,000 islands, dominating the Aegean Sea and the southern entrance to the Turkish Straits;
- Neighbours: Cyprus, Turkey, Bulgaria, Macedonia, Albania, Italy.

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

Natural Hazards:
- severe earthquakes;
- droughts;
- wildfires.

Macro indicators
* 2018 estimates
Surface:131,957km2
Population*:10.7million
Pop. density*:81.4people/km2
GDP*:185.5EUR billion
GDP/capita*:17,274.8EUR

European Union:
EU member, since 1981

Currency: Euro
Code: EUR
Since: 2001


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:48%
TOTAL NON-LIFE*:52%
Overall Property*:11%
Overall Motor*:25%

Sources:



 


Statistics

Greece FY2019 Market Portfolio

Greece 3Q2019 Market Portfolio


See all statistics

Latest news


GREECE: No casualties reported after the major Crete earthquake

A 6.0 magnitude quake struck off on Saturday May 2nd, the Greek island of Crete - which is a popular holiday destination - but there were no reports of casualties or damage. "It was not immediately known the level of damage or injuries on the island, which is one of Grece's biggest, but experts believe it is minimal", wrote reuters.





Ethniki 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.


GREECE: 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.









GREECE: 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.




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