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Synopsis
Timetric’s 'Personal Accident and Health Insurance in Greece, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Greek personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review (2010–2014) and forecast periods (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Greek economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s 'Personal Accident and Health Insurance in Greece, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Greek personal accident and health insurance segment, including:

- The segment’s growth prospects by insurance category

- Key trends, drivers and challenges for the segment

- A comprehensive overview of the Greek economy and demographics

- The various distribution channels in the segment

- Details of the competitive landscape in the segment

- Details of regulatory policy applicable to the Greek insurance industry

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Greece:

- It provides historical values for the Greek personal accident and health insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key categories in the segment, and market forecasts to 2019.

- It analyzes the various distribution channels for life insurance products in Greece.

- It profiles the top personal accident and health insurance companies in Greece, and outlines the key regulations affecting them.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Greek personal accident and health insurance segment, and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the segment.

- Assess the competitive dynamics in the segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the Greek insurance industry, and their impact on companies and the industry's future.

Key Highlights
- The personal accident and health segment grew at a review-period CAGR of 3.3%.

- The public healthcare system covers more than 50% of the Greek population.

- Personal accident and health insurance providers have several partnerships with various banks, hospitals and medical groups to distribute insurance products.

- The demand for health insurance products improved, as the public health system in Greece suffers a range of problems.

- In June 2014, the European Parliament passed new rules for insurance investment products, in order to improve investor protection.

- Solvency II legislation was implemented in January 2016.

Table Of Contents

Personal Accident and Health Insurance in Greece, Key Trends and Opportunities to 2019
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Personal Accident and Health Insurance Outlook
4.1 Key Drivers
4.2 Key Trends
4.3 Challenges
4.4 Personal Accident and Health Insurance Growth Prospects by Category
4.4.1 Personal accident insurance
4.4.2 Travel insurance
4.4.3 Health insurance
4.4.4 Non-life health insurance
4.4.5 Life health insurance
5 Analysis by Distribution Channel
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Key Companies in the Greek Personal Accident and Health Insurance Segment
6.2.1 The Ethniki Hellenic General Insurance Company SA - company overview
6.2.2 Eurolife ERB Life Insurance SA - company overview
6.2.3 Allianz Hellas Insurance Company SA - company overview
6.2.4 Interamerican Hellenic Life Insurance Company SA - company overview
6.2.5 NN Hellenic Life Insurance Co. SA - company overview
6.2.6 Ergo General Insurance Company SA - company overview
6.2.7 MetLife Life Insurance Company Ltd - company overview
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulations
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Workmen's compensation insurance
7.4.2 Motor third-party liability insurance
7.4.3 Air carriers and aircraft operators insurance
7.4.4 Professional indemnity insurance for alternative investment fund managers
7.4.5 Liability for ships with respect to oil pollution
7.4.6 Liability insurance against the transport of hazardous and noxious substances by sea
7.4.7 Professional indemnity for insurance intermediaries
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors (IAIS)
7.5.2 European Insurance and Occupational Pensions Authority
7.5.3 Federation of European Risk Management Associations (FERMA)
7.5.4 Department of Private Insurance Supervision
7.5.5 Greek Association of Insurance Companies (GAIC)
7.6 Non-Admitted Insurance Regulations
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and penalties
7.7 Company Registration and Operations
7.7.1 Types of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margins
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Withholding taxes on premium paid overseas
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution (ADR)
8 Definitions and Methodology
8.1 Definitions
8.2 Methodology
9 About Timetric
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetric's Services
9.4 Disclaimer

List of Tables
Table 1: Greek Personal Accident and Health Insurance - Key Facts, 2014
Table 2: Greek Government Credit Ratings
Table 3: Greek Personal Accident and Health Insurance - Gross Written Premium by Category (EUR Million), 2010-2014
Table 4: Greek Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
Table 5: Greek Personal Accident and Health Insurance - Gross Written Premium by Category (EUR Million), 2014-2019
Table 6: Greek Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
Table 7: Greek Personal Accident and Health Insurance - Direct Written Premium by Category (EUR Million), 2010-2014
Table 8: Greek Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
Table 9: Greek Personal Accident and Health Insurance - Direct Written Premium by Category (EUR Million), 2014-2019
Table 10: Greek Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
Table 11: Greek Personal Accident and Health Insurance - Net Earned Premium (EUR Million), 2010-2014
Table 12: Greek Personal Accident and Health Insurance - Net Earned Premium (EUR Million), 2014-2019
Table 13: Greek Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Table 14: Greek Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Table 15: Greek Personal Accident and Health Insurance - Commission and Expenses (EUR Million), 2010-2014
Table 16: Greek Personal Accident and Health Insurance - Commission and Expenses (EUR Million), 2014-2019
Table 17: Greek Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Table 18: Greek Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Table 19: Greek Personal Accident and Health Insurance - Total Assets (EUR Million), 2010-2014
Table 20: Greek Personal Accident and Health Insurance - Total Assets (EUR Million), 2014-2019
Table 21: Greek Personal Accident and Health Insurance - Total Investment Income (EUR Million), 2010-2014
Table 22: Greek Personal Accident and Health Insurance - Total Investment Income (EUR Million), 2014-2019
Table 23: Greek Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2010-2014
Table 24: Greek Personal Accident and Health Insurance - Net Written Premium (Percentage of Gross Written Premium), 2014-2019
Table 25: Greek Personal Accident Insurance - Direct Written Premium (EUR Million), 2010-2014
Table 26: Greek Personal Accident Insurance - Direct Written Premium (EUR Million), 2014-2019
Table 27: Greek Travel Insurance - Direct Written Premium (EUR Million), 2010-2014
Table 28: Greek Travel Insurance - Direct Written Premium (EUR Million), 2014-2019
Table 29: Greek Health Insurance - Gross Written Premium by Sub-Category (EUR Million), 2010-2014
Table 30: Greek Health Insurance - Gross Written Premium by Sub-Category (US$ Million), 2010-2014
Table 31: Greek Health Insurance - Gross Written Premium by Sub-Category (EUR Million), 2014-2019
Table 32: Greek Health Insurance - Gross Written Premium by Sub-Category (US$ Million), 2014-2019
Table 33: Greek Non-Life Health Insurance - Direct Written Premium (EUR Million), 2010-2014
Table 34: Greek Non-Life Health Insurance - Direct Written Premium (EUR Million), 2014-2019
Table 35: Greek Life Health Insurance - Direct Written Premium (EUR Million), 2010-2014
Table 36: Greek Life Health Insurance - Direct Written Premium (EUR Million), 2014-2019
Table 37: Key Personal Accident and Health Insurers in Greece, 2014
Table 38: The Ethniki Hellenic General Insurance Company SA - Key Facts
Table 39: Eurolife ERB Life Insurance SA - Key Facts
Table 40: Allianz Hellas Insurance Company SA - Key Facts
Table 41: Interamerican Hellenic Life Insurance Company SA - Key Facts
Table 42: NN Hellenic Life Insurance Co. SA - Key Facts
Table 43: Ergo General Insurance Company SA - Key Facts
Table 44: MetLife - Key Facts
Table 45: Greece - Insurance Regulatory Framework Key Features
Table 46: Greece - Life Insurance Regulatory Framework
Table 47: Greece - Property Insurance Regulatory Framework
Table 48: Greece - Motor Insurance Regulatory Framework
Table 49: Greece - Liability Insurance Regulatory Framework
Table 50: Greece - Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
Table 51: Greece - Insurance Premium Tax Rates for the Financial Year 2016
Table 52: Greece - Corporate Tax Rates for the Financial Year 2016
Table 53: Insurance Industry Definitions

List of Figures
Figure 1: Greek Real GDP (EUR Billion), 2010-2019
Figure 2: EUR-US$ Exchange Rate, 2010-2019
Figure 3: Greek Consumer Price Inflation, 2010-2019
Figure 4: Greek Current Account Balance as Percentage of GDP (%), 2010-2014
Figure 5: Greek Unemployment Rate, 2010-2019
Figure 6: Greek Population by Age Group, 1991-2025
Figure 7: Greek Motor Insurance - Road Accidents, 2010-2014
Figure 8: Greek Personal Accident and Health Insurance - Gross Written Premium by Category (EUR Million), 2010-2019
Figure 9: Greek Personal Accident and Health Insurance - Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 10: Greek Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 11: Greek Personal Accident and Health Insurance - Direct Written Premium by Category (EUR Million), 2010-2019
Figure 12: Greek Personal Accident and Health Insurance - Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 13: Greek Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 14: Greek Personal Accident and Health Insurance - Net Earned Premium (EUR Million), 2010-2014
Figure 15: Greek Personal Accident and Health Insurance - Net Earned Premium (EUR Million), 2014-2019
Figure 16: Greek Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Figure 17: Greek Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Figure 18: Greek Personal Accident and Health Insurance - Commission and Expenses (EUR Million), 2010-2014
Figure 19: Greek Personal Accident and Health Insurance - Commission and Expenses (EUR Million), 2014-2019
Figure 20: Greek Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Figure 21: Greek Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Figure 22: Greek Personal Accident and Health Insurance - Total Assets (EUR Million), 2010-2014
Figure 23: Greek Personal Accident and Health Insurance - Total Assets (EUR Million), 2014-2019
Figure 24: Greek Personal Accident and Health Insurance - Total Investment Income (EUR Million), 2010-2014
Figure 25: Greek Personal Accident and Health Insurance - Total Investment Income (EUR Million), 2014-2019
Figure 26: Greek Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2010-2014
Figure 27: Greek Personal Accident and Health Insurance - Net Written Premium (Percentage of Gross Written Premium), 2014-2019
Figure 28: Greek Personal Accident and Health Insurance - Investment Portfolio (EUR Million), 2010-2014
Figure 29: Greek Personal Accident and Health Insurance - Investment Portfolio (% Share), 2010 and 2014
Figure 30: Greek Personal Accident and Health Insurance Penetration (Ratio of Direct Premiums to GDP), 2010-2014
Figure 31: Greek Personal Accident and Health Insurance - Density (Direct Premium per Capita), 2010-2014
Figure 32: Greek Personal Accident Insurance - Direct Written Premium (EUR Million), 2010-2014
Figure 33: Greek Personal Accident Insurance - Direct Written Premium (EUR Million), 2014-2019
Figure 34: Greek Travel Insurance - Direct Written Premium (EUR Million), 2010-2014
Figure 35: Greek Travel Insurance - Direct Written Premium (EUR Million), 2014-2019
Figure 36: Greek Health Insurance - Gross Written Premium by Sub-Category (EUR Million), 2010-2019
Figure 37: Greek Health Insurance - Gross Written Premium Dynamics by Sub-Category, 2010-2019
Figure 38: Greek Non-Life Health Insurance - Direct Written Premium (EUR Million), 2010-2014
Figure 39: Greek Non-Life Health Insurance - Direct Written Premium (EUR Million), 2014-2019
Figure 40: Greek Life Health Insurance - Direct Written Premium (EUR Million), 2010-2014
Figure 41: Greek Life Health Insurance - Direct Written Premium (EUR Million), 2014-2019
Figure 42: Greece - The Three Pillars of Solvency II
Figure 43: Greece - Insurance Supervision and Control at Various Levels
Figure 44: Greece - Insurance Regulatory Frameworks for Company Registration and Operation

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