Q3 2024 preliminary insurance market figures published by HAIC - Hellenic Association of Insurance Companies, shows that at the end of September 2024, the Greek insurance market totaled EUR 4.19 billion, up by 10.8% y-o-y.

The non-life insurance segment increased by 11.2% y-o-y to EUR 2.17 billion - of which EUR 586.7 million - MTPL, EUR 244 - MoD, EUR 484.2 - property, while the life insurance business line was up by 10.4% to EUR 2.02 billion - due the 21.1% increase posted by life insurance linked to investment funds.

The market figures published by HAIC include the figures for 48 insurers, of which 43 were active in Non-Life insurance and 15 in Life insurance. Of the 48 insurance enterprises, 26 were established in Greece in the form of S.A. Insurance Company, 1 in the form of mutual insurance cooperative, 15 as EU branches and 6 FOS insurers.

Access XPRIMM Database and download latest Greece insurance market statistics.

The financial “health” indicators of the motor insurance sector have returned to the pre-pandemic negative levels, insurancedaily.gr writes.

According to the half-year market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 2.8 billion at the end of 1H2024, up by 6.7% y-o-y from EUR 2.63 billion a year before. The non-life insurance increased by 8.5% y-o-y, to EUR 1.44 billion, while in the case of life business lines, Greek insurers generated about EUR 1.37 billion in GWP, up by 4.90% y-o-y.

As of 16 September, Angeliki Mouratidou is the new General Manager of Euroins Greece. Athanasios Smyrnis and Vasil Dimitrov remain in the company as Deputy Managers to provide their valuable support.

In 1Q2024 the total asset value of insurance companies increased by EUR 301 million y-o-y and stood at EUR 20,588 million, insurancedaily.gr writes.

According to the Q1 2024 preliminary statistics published by HAIC - the Hellenic Association of Insurance Companies, at the end of March, the Greece insurance market totaled at EUR 1.40 billion, 14.3% more y-o-y.

The total contribution of the insurance sector in GDP amounts to EUR 2.5 billion, insurancedaily.gr writes with reference to the EAEE annual report (Hellenic Association of Insurance Companies) for 2023.

A rise in health insurance premiums, which is largely attributed to cost increases by health care providers, has negative effects on both insureds and intermediaries, insurancedaily.gr writes.

According to the year-end market figures published by HAIC - the Hellenic Association of Insurance Companies, the Greek insurance market totaled EUR 5.26 billion at the end of 2023, up by 8.89% y-o-y from EUR 4.84 billion a year before.

From 2015 to 2023 Greece has recorded 16 rainstorms with serious effects on the local economy. Through the Cat Monitor tool created by EAEE (the Association of Insurance Companies of Greece) important data on extreme natural disasters is recorded across the country, insurancedaily.gr writes.

Last year by the end of November four insurance LoBs saw over EUR 300 million premium increase. These are investment life insurance, which brought additional EUR 132.1 million, health insurance where premium production increased by EUR 95 million, fire insurance with additional EUR 50 million and vehicle insurance with EUR 36.4 million, insurancedaily.gr writes.

NN Hellas has been recognized as Top Employer 2024 for another year, confirming its commitment to creating a model working environment. It is the only insurance company recognized for the 6^th year in a row as a top employer in Greece, insurancedaily.gr writes.

Q3 2023 preliminary insurance market figures published by HAIC - Hellenic Association of Insurance Companies, shows that at the end of September 2023, the Greek insurance market totaled EUR 3.8 billion, up by 9.7% y-o-y.

In 3Q2023 an increase of 0.5% in total assets of insurance companies was registered compared to the previous quarter. The amount reached EUR 19,568 million, while insurance technical reserves increased to EUR 14,375 million from EUR 14,167 million in the previous quarter, insurancedaily.gr writes.

A total of 403 damages were reported, with total compensations amounting to EUR 48.78 million after the wildfires that affected Greece this summer, the Union of Insurance Companies of Greece (EAEE) said.

The region of Thessaly in Greece has the lowest rate of home insurance against natural disasters, according to data from the Insurers Association of Greece for June 2023, insurancedaily.gr writes.

The situation on the insurance market based on the complaints received by the Consumer Ombudsman in 2022 compared to previous years significantly improved, insurancedaily.gr reports.

Half year premiums underwritten by Greek insurers members of Hellenic Association of Insurance Companies (HAIC) totaled EUR 2.65 billion, up by 14% y-o-y according to end-June 2023 figures.

INTERLIFE Insurance recorded a significant increase in business in 1Q2023 - by 17.09% vs 10.2% on the market, according to Ioannis Votsaridis, who presented the company's data, insuranceforum.gr reports.

According to the Q1 2023 preliminary statistics published by HAIC - the Hellenic Association of Insurance Companies, at the end of March, the Greece insurance market totaled at EUR 1.23 billion, 6.8% more y-o-y.