STATISTICS: GREECE, 1H2017: Over 65% y-o-y growth on the life U-L line GWP

The Greek insurers members of HAIC - Hellenic Association of Insurance Companies, reported a GWP of EUR 1.9 billion in 1H2017, or 1.2% more y-o-y, according to the half year report published on HAIC's website.

The non-life insurance GWP accounted for 51% of the total (EUR 976.9 million, 1.0% more y-o-y), while the life insurance segment accounted for EUR 934.7 million (or 1.3% more y-o-y).

Overall, the market growth was sustained by unit-linked products which increased by more than 65% y-o-y, while in case of the non-life subclasses, the largest rates were reported by sickness insurance (+11%) and Motor Hull (+4.5%).

The Report published by HAIC includes the figures for 50 insurers accounting for 97.2% of the insurance market's full data for 2016. Of these, 20 were active in the life segment (99.9% market share) and 44 were active in the non-life segment (94.6% market share).

Access www.xprimm.com and download 1H2017 Greece insurance market statistics.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

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