A marginal reduction was recorded by the overall production of life and health insurance in the first half of this year compared to the corresponding period last year, as shown by the survey of the Hellenic Insurance Companies Association (UAE).

In particular, the total production of life and health insurance stood at € 1,610 billion in the six months, compared to € 1,627 billion in the same period last year, down 1.04%.

Of this amount, € 1.22 billion concerns solo insurance, which decreased 3.4%, an amount of EUR 379.87 million concerning group insurance, which increased 7%, and € 5.53 million concerning reinsurance withdrawals, which rose 52.5%.

Regarding the number of contracts, they amounted to 1,781,803 in the six months in the six months, of which 1,770,879 contracts concerned individual and the remaining 10,924 group insurance contracts.

Reception payments amounted to EUR 1,273 billion, from € 1,219 billion in the first half of 2024.

Of the total production of premiums in the first quarter of 2025 EUR 175.5 million corresponds to the new business operations (of which EUR 156.6 million from individual insurance and EUR 18.9 million from group insurance).

The new operations of the industry for the total production of premiums in the first half of 2025 amounted to EUR 416.2 million (of which EUR 372.5 million from individual insurance and EUR 43.7 million from group insurance). The corresponding amounts of new works in the first half of 2024 were EUR 537.1 million in total (of which EUR 496.6 million from individual and EUR 40.5 million from group insurance).

Compared to the first half of 2024, the reduction in new work in the first half of the 2025 of the current survey of the present survey reached 22.5%, analyzing a 25.0% reduction in individual insurance and an increase of 7.9% of teams.

Of all the new work, the lump sums of the first half of 2025 amounted to EUR 252.1 million in total (of which EUR 235.4 million in individual insurance and EUR 16.7 million in group).

The survey includes the data of 20 insurance companies under installation status, which garnered 99.5% of the production of premiums (including contract rights) in life and health insurance, according to full data on the insurance market in 2024. Of the above businesses, 4 are active in life insurance, and 16 life insurance.