1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Greece Insurance Report Q2 2016

Greece Insurance Report Q2 2016

  • April 2016
  • -
  • Business Monitor International
  • -
  • 58 pages

Includes 3 FREE quarterly updates

BMI View: The Greek economy is expected to post a modest recovery in 2016, following years ofsignificant decline. This bodes well for the insurance sector, which has been struggling in the face ofwidespread unemployment, pressure on household income levels and a lack of significant public or privateinvestment in vital sectors such as infrastructure. We therefore expect premiums to show slight growth in2016 in local currency terms, though the ongoing strengthening of the dollar against a weakening euromeans premiums will continue to fall when measured in US dollar terms. Over the remainder of the forecastperiod, premium growth is expected to gather pace, particularly in the non-life sector, which is supportedby the large, and compulsory, motor insurance segment.

Key Updates And Forecasts

- Protests have followed a European Court of Justice ruling which states that Greece must reclaimEUR425mn of insurance payments made to farmers for crop damage in 2009. The payments were madefrom the state-owned Greek Agricultural Insurance Organization but were funded by loans frombanks which were guaranteed by the state, not insurance contributions.

- Greece's non-life sector is considerably larger than the life market and expected to record more positivegrowth over the forecast period, largely as a result of demand for compulsory motor insurance products.We expect gross non-life premiums to grow by an average of 3.1% annually over the forecast periodbetween 2016 and 2020, when measured in local currency terms.

Table Of Contents

Greece Insurance Report Q2 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Greece 2013-2020) 5
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (Greece 2013-2020) 12
Table: Life Insurance Claims (Greece 2008-2014) 12
Non-Life Premiums Forecast 13
Table: Non-Life Premiums (Greece 2013-2020) 16
Table: Non-Life Insurance Claims (Greece 2009-2014) 18
Non-Life Sub-Sector Forecast 19
Table: Non-Life Insurance Premiums By Product Line (Greece 2013-2020) 28
Insurance Risk/Reward Index 29
Emerging Europe Risk/Reward Index 29
Table: Emerging Europe Insurance Risk/Reward Index - Q216 30
Market Overview 31
Life Market Overview 31
The Product Offering 31
The Competitive Landscape 32
Non-Life Market Overview 34
The Product Offering 34
The Competitive Landscape 35
Company Profile 37
Achmea 37
Allianz 39
Ethniki Insurance 42
Generali 45
Groupama 49
Methodology 52
Industry Forecast Methodology 52
Risk/Reward Index Methodology 55
Table: Indicators 57
Table: Weighting of Indicators 58

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Commercial Non-Life Insurance Brokers in Europe

Commercial Non-Life Insurance Brokers in Europe

  • $ 10 000
  • Industry report
  • August 2016
  • by Finaccord

Finaccord’s report titled Commercial Non-Life Insurance Brokers in Europe, plus the BrokerBASE™ and market data annexe that accompany it, investigate the importance of brokers in the distribution of ...

UK Personal Insurance Distribution: Banks and Retailers

UK Personal Insurance Distribution: Banks and Retailers

  • $ 3 450
  • Industry report
  • June 2016
  • by Verdict Financial

Summary An affinity scheme is a partnership in which an insurer underwrites insurance to be distributed via another company whose primary product or service is not insurance. This includes banks and retailers ...

UK Travel Insurance: Market Dynamics and Opportunities 2016

UK Travel Insurance: Market Dynamics and Opportunities 2016

  • $ 3 450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented ...


Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.