The Greek insurers reported gross written premiums of EUR 986 million in the first quarter of 2014, as compared with EUR 1.01 billion a year earlier, according to the 1Q2014 Report published by the Hellenic Association of Insurance Companies (HAIC).

The report includes the figures for 59 insurance companies accounting for 94.6% of the total market. Of these, 21 were active on the life segment (98.7% market share) and 49 were active in the non-life segment (91.3% market share).

Thus, in the analyzed period, non-life insurance premiums accounted for 57.3% of the total insurance premiums (EUR 565 million, 5.75% less y-o-y), while the life insurance segment accounted for the remainder of the market (EUR 421 million, or 2.53% more y-o-y).

At the same time, on the life segment all major insurance classes reported increases (traditional life insurance +0.8%, unit linked +7.6%), while for some of the non-life sub-segments negative rates were reported: MTPL (-8%), motor hull (-9.2%), property (-4.1%).

Access www.xprimm.com and download 1Q2014 Greece insurance market statistics.