STATISTICS: GREECE, FY2017: The positive rates reported on non-life side, maintained the market at the 2016 size

According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totalled EUR.3.78 billion at the end of 2017, up by 0.05% y-o-y.

The life insurance segment decreased by 2% y-o-y to EUR 1.87 billion, due the negative rate reported by the traditional life policies (-4.1% y-o-y to EYR 1.36 billion).

In case of non-life business line, Greek insurers generated about EUR 1.91 billion in GWP, 2.14% more y-o-y. Except the property insurance subclass (a decrease in annual GWP by 4%), all main non-life classes reported growth-rates.

The result takes into consideration 50 HAIC members, of which 20 were active in life insurance (99.9% market share of FY 2016 life GWP) and 44 were active in the Non-life insurance (94.6% market share). " All insurance enterprises - members, which are established in Greece, participated, while the ones operating under freedom of service (F.O.S.) did not", announced HAIC.

Access www.xprimm.com and download the FY2017 Greece insurance market statistics.

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

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