Of Chrysostom Chufi

Insurance contracts worth € 5.14bnit signed in January – November 2024 in Greek territory, increased by 9.8% compared to the corresponding period of 2023.

  • € 2.47 are about life insurance with an increase of 9.9% compared to 2023
  • 2, € 67 are damages with a loss of 9.7% compared to 2023

According to figures published by the Association of Insurance Companies of Greece

These amounts refer to the record of all registered premiums from the refineries (not including reinsurance withdrawals) in the full amounts (regardless of whether they relate to periodic payments or lump sum payment of premiums).

In terms of life insuranceSpecial feels the rate of increase in insurance -linked investments that is 3.5 times higher than that of the rest, 21.7% versus 6.1% respectively, and with the values ​​almost equal.

  • € 1,095 for the rest of life insurance and € 1,079 for linked to investment.

In terms of Insurance against damageIn the first place is of course the insurers with 713mm land liability, followed by: followed by:

  • Diseases 490.6mm €
  • Fire and other elements of nature 402.4mm €
  • Land vehicles 300m €
  • Other losses of goods 189.5m €
  • General liability 156.1m €
  • Help 153.3m €

The highest percentage increase in the first 11 months of 2024 was recorded by civil liability by aircraft (88.4%) and other loss of goods (18.8%)

In both categories the month with the least signed contracts is as one would expect, August.

On the contrary, most life insurance policys were signed March and September, and most of the insurance against losses were recorded in July and September.

In relation to the compensation given by insurance against natural disasters, 2024 was a relatively “quiet” year. € 18.7m for the damage caused by Bora bad weather at the end of November and an additional € 11.1m from the forest fires in August. It is sufficient to note that only damages due to Daniel disasters in September 2023 exceeded € 372m.

In terms of the type of compensation data exists only for the first 6 months of 2024. Until then they had been attributed to group and individual contracts of € 1.222 distributed as follows:

  • Life connected to investments of 335.3m €
  • Life 317.8mm €
  • Health Complementary 278mm €
  • Employees of 138.8m €
  • Pension programs 124.1m €
  • Pensions of 16.2m €
  • Borrowers 8.9mm €