The frequency of vehicle liability losses from 6.86% in 2019 decreased to 5.51% in 2020, but the average cost of vehicle liability losses increased from 1,349 euros in 2019 to 1,382 euros in 2020 and the average cost of damage from 1,150 euros in 2019 to 1,165 euros in 2020.
This emerges from the Statistical Yearbook of Cars 2020 that was posted today on the website of the Association of Insurance Companies of Greece.
As mentioned in the summary of the main points, car insurance is one of the most important branches of insurance in Greece. Participates by 46.4% in the production of Loss insurance premiums and by 24.1% in the total production of Life and Loss insurance (data for the year 2020). The total production of insurance premiums refers to the registered production of Insurance Companies that operate in Greece with installation as well as those that operate through the free provision of services and make use of the services of the union.
The total production of car insurance premiums (sum of land vehicles and land liability sectors) of the year 2020 was 1.05 billion euros, reduced by 3.75% compared to 2019. In the same year, total loss insurance recorded production of 2.25 billion euros, an increase of 0.4% over the previous year.
30 insurance companies participated in the statistical yearbook with detailed data, with an estimated participation of 91% in the total car insurance sector for 2020.
Those interested can find the detailed data on the site of EAEE www.eaee.gr where the Statistical Yearbook 2020 has been posted.
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