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  4. > Greece Insurance Report Q4 2015

Greece Insurance Report Q4 2015

  • September 2015
  • -
  • Business Monitor International
  • -
  • 68 pages

Includes 3 FREE quarterly updates

BMI View: As with the remainder of the Greek economy, the country's insurance sector has sufferedextensive losses in recent years and, despite some growth expected over the forecast period, will remainunder-developed by most metrics. The lingering debt crisis in Greek which has severely underminedconfidence in formal banking institutions, combined with the general lack of awareness and uptake of manyinsurance products will continue to hamper the development of both life and non-life insurance movingforward.

In US dollar terms, we expect to see sharp decreases in insurance premiums written in the Greek marketover 2015 and potentially into 2016, due in large part to the strength of the US dollar against an increasinglyweak Euro, as well as due to the poor prospects for growth in the market. In local currency terms, Greece'slife insurance segment is expected to hold steady in 2015, while the non-life sector will continue to contract.Throughout the remainder of the forecast period growth in the smaller life sector will outpace that of thenon-life sector, though we note that the insurance industry as a whole remains vulnerable to any furthereconomic downturn.

Table Of Contents

Greece Insurance Report Q4 2015
BMI Industry View 7
SWOT 9
Insurance 9
Political 11
Economic 12
Operational Risk 13
Industry Forecast 14
Life Premiums Forecast 14
Life Premiums 14
Table: Gross Life Premiums Written (Greece 2012-2019) 15
Table: Net Life Premiums Written (Greece 2012-2019) 15
Life Reinsurance Premiums 16
Table: Reinsurance Life Premiums Written (Greece 2012-2019) 16
Life Claims 16
Table: Life Insurance Claims (Greece 2007-2013) 17
Life Insurance Drivers 17
Table: Life Expectancy by Gender (Greece 2012-2019) 17
Table: Demographic Breakdown (Greece 2012-2019) 18
Non-Life Premiums Forecast 19
Non-Life Premiums 19
Table: Gross Non-Life Premiums Written (Greece 2012-2019) 20
Table: Net Non-Life Premiums Written (Greece 2012-2019) 21
Reinsurance 21
Table: Reinsurance Non-Life Premiums Written (Greece 2012-2019) 22
Non-Life Claims 22
Table: Non-Life Insurance Claims (Greece 2007-2013) 22
Non-Life Sub-Sector Forecast 24
Table: Non-Life % Breakdown (Greece 2012-2019) 24
Motor Insurance 25
Table: Motor Vehicle Insurance (Greece 2012-2019) 26
Table: Insurance Key Drivers, Autos (Greece 2012-2019) 26
Transport Insurance Premiums 27
Table: Transport Insurance (Greece 2012-2019) 28
Table: Insurance Key Drivers, Freight Tonnage (Greece 2012-2019) 28
Health Insurance 29
Table: Health Insurance (Greece 2012-2019) 29
Table: Insurance Key Drivers, Private Health Expenditure (Greece 2012-2019) 30
Personal Accident Insurance 30
Table: Personal Accident Insurance (Greece 2012-2019) 31
Property Insurance 31
Table: Property Insurance (Greece 2012-2019) 32
General Liability Insurance 32
Table: General Liability Insurance (Greece 2012-2019) 33
Credit/Financial Guarantee Insurance 33
Table: Credit/Financial Guarantee Insurance (Greece 2012-2019) 34
Industry Risk Reward Ratings 35
Emerging Europe Risk/Reward Index 35
Table: Emerging Europe Insurance Risk/Reward Index 36
Market Overview 37
Life Market Overview 37
The Product Offering 37
The Competitive Landscape 38
Non Life Market Overview 39
The Product Offering 39
The Competitive Landscape 40
Company Profile 43
Achmea 43
Allianz 45
Ethniki Insurance 48
Generali 51
Groupama 54
Demographic Data 57
Demographic Forecast 57
Table: Population Headline Indicators (Greece 1990-2025) 58
Table: Key Population Ratios (Greece 1990-2025) 58
Table: Urban/Rural Population and Life Expectancy (Greece 1990-2025) 59
Table: Population By Age Group (Greece 1990-2025) 59
Table: Population By Age Group % (Greece 1990-2025) 60
Methodology 62
Industry Forecast Methodology 62
Risk/Reward Index Methodology 65
Table: Indicators 67
Table: Weighting of Indicators 68

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