Greece Insurance Report Q3 2015

Attention: There is an updated edition available for this report.

Greece Insurance Report Q3 2015

BMI View: Greece's insurance sector is, and will remain, under-developed by many metrics. Whilepremiums are no longer falling off a cliff as they have done in many segments in recent years, our outlookfor both the life and non-life sectors is overwhelmingly bearish. A gradual acceleration in economic growthaside, the country's lingering debt crisis, coupled with the traditional aversion of Greek citizens to manyforms of insurance products, will continue to act as significant barriers in terms of penetration and densitygrowth over our forecast period through to end-2019.

Barring a small number of exceptions, we believe that insurance premiums will largely stagnate over thenext few years. In the very recent past, the fortunes of the life and the non-life segments of Greece'sinsurance sector have diverged. Price competition in the market for compulsory motor third party liability(CMTPL) insurance has had an impact on overall non-life premiums. Interamerican, the local offshoot ofDutch giant Achmea, has announced some innovations in terms of distribution and affinityrelationships. The motor vehicle insurance sub-sector remains by far the largest in the non-life segment,comprising more than 55% of written premiums and we expect this trend to remain in place through to 2020at the very least. The dominance of car insurance lines will be accentuated by the fact that the smaller,discretionary non-life lines such as health, property and personal accident will continue to be hampered byhigh unemployment, erosion of disposable income and economic uncertainty.

BMI Industry View
Operational Risk
Industry Forecast
Life Premiums Forecast
Life Premiums
Table: Gross Life Premiums Written (Greece 2012-2019)
Table: Net Life Premiums Written (Greece 2012-2019)
Life Reinsurance Premiums
Table: Reinsurance Life Premiums Written (Greece 2012-2019)
Life Claims
Table: Life Insurance Claims (Greece 2007-2014)
Life Insurance Drivers
Table: Life Expectancy by Gender (Greece 2012-2019)
Table: Demographic Breakdown (Greece 2012-2019)
Non-Life Premiums Forecast
Non-Life Premiums
Table: Gross Non-Life Premiums Written (Greece 2012-2019)
Table: Net Non-Life Premiums Written (Greece 2012-2019)
Table: Reinsurance Non-Life Premiums Written (Greece 2012-2019)
Non-Life Claims
Table: Non-Life Insurance Claims (Greece 2007-2014)
Non-Life Sub-Sector Forecast
Table: Non-Life % Breakdown (Greece 2012-2019)
Motor Insurance
Table: Motor Vehicle Insurance (Greece 2012-2019)
Table: Insurance Key Drivers, Autos (Greece 2012-2019)
Transport Insurance Premiums
Table: Transport Insurance (Greece 2012-2019)
Table: Insurance Key Drivers, Freight Tonnage (Greece 2012-2019)
Health Insurance
Table: Health Insurance (Greece 2012-2019)
Table: Insurance Key Drivers, Private Health Expenditure (Greece 2012-2019)
Personal Accident Insurance
Table: Personal Accident Insurance (Greece 2012-2019)
Property Insurance
Table: Property Insurance (Greece 2012-2019)
General Liability Insurance
Table: General Liability Insurance (Greece 2012-2019)
Credit/Financial Guarantee Insurance
Table: Credit/Financial Guarantee Insurance (Greece 2012-2019)
Industry Risk Reward Ratings
Emerging Europe Risk/Reward Index
Table: Emerging Europe Insurance Risk/Reward Index
Market Overview
Life Market Overview
Non-Life Market Overview
Company Profile
Ethniki Insurance
Demographic Data
Demographic Forecast
Table: Population Headline Indicators (Greece 1990-2025)
Table: Key Population Ratios (Greece 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Greece 1990-2025)
Table: Population By Age Group (Greece 1990-2025)
Table: Population By Age Group % (Greece 1990-2025)
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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