Personal Accident and Health Insurance in Greece, Key Trends and Opportunities to 2020

All the vital news, analysis, and commentary curated by our industry experts.

$1450

Buy Report Download FREE Resources

Published: June 16, 2017 Report Code: GD-IS1504MR-ST

Report Overview
Key Players
Table of Contents
Table
Figures

GlobalData’s 'Personal Accident and Health Insurance in Greece Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Greek life insurance segment, and a comparison of the Greek insurance industry with its regional counterparts.

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 period (2011–2015) and forecast period (2015–2020).

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 GlobalData’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.

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 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

• It offers a detailed analysis of the key categories in the Greek personal accident and health insurance segment, and market forecasts to 2020.

• It provides a comparison of the Greek personal accident and health insurance segment with its regional counterparts

• It provides an overview of the various distribution channels for personal accident and health insurance products in Greece.

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

Key Highlights

• In April 2017, the National Insurance Company of Greece, a subsidiary of the National Bank of Greece, put forward its stake for sale.

• In January 2017, the Bank of Greece proposed a new compensation mechanism for victims of traffic accidents by drivers insured with license-revoked companies.

• Solvency II was implemented on January 1, 2016.

• Effective from July 16, 2015, the standard insurance premium tax rate for personal accident and health business was increased from 10% to 15%.

• In December 2015, the Canada-based Fairfax Financial Holdings Ltd signed an agreement to acquire 80% of shares and management of the Eurolife ERB Insurance Group.

• ING Greece was rebranded to NN Hellas in April 2015, after the acquisition of ING Greece by the Dutch-based NN Group.

• Greeks are looking for private health insurance due to a lack of public healthcare services. This increased the number of private health insurance contracts by 12.5% in 2015.

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 Greek personal accident and health insurance segment.

• Assess the competitive dynamics in the personal accident and health insurance 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.

The Ethniki Hellenic General Insurance Company SA,Eurolife ERB Life Insurance SA,Allianz Hellas Insurance Company SA,Interamerican Hellenic Life Insurance Company SA,NN Hellenic Life Insurance Co. SA

1 KEY FACTS AND HIGHLIGHTS

2 EXECUTIVE SUMMARY

3 ECONOMY AND DEMOGRAPHICS

4 SEGMENT OUTLOOK

4.1 Regional Comparison

4.2 Segment Indicators

4.2.1 Gross written premium and penetration

4.2.2 Policies sold

4.2.3 Claims

4.2.4 Profitability

4.2.5 Assets and investments

5 OUTLOOK BY CATEGORY

5.1 Personal Accident Insurance

5.1.1 Premium

5.1.2 Policies

5.1.3 Claims

5.2 Health Insurance

5.2.1 Premium

5.2.2 Policies

5.2.3 Claims

5.3 Travel Insurance

5.3.1 Premium

5.3.2 Policies

5.3.3 Claims

6 DISTRIBUTION CHANNEL OUTLOOK

7 COMPETITIVE LANDSCAPE

7.1 Company Profiles

7.1.1 The Ethniki Hellenic General Insurance Company SA – company overview

7.1.2 Eurolife ERB Life Insurance SA – company overview

7.1.3 Allianz Hellas Insurance Company SA – company overview

7.1.4 Interamerican Hellenic Life Insurance Company SA – company overview

7.1.5 NN Hellenic Life Insurance Co. SA – company overview

8 GOVERNANCE, RISK AND COMPLIANCE

8.1 Legislation Overview and Historical Evolution

8.2 Latest Changes in Regulation

8.3 Legislation and Market Practice by Type of Insurance

8.3.1 Life insurance

8.3.2 Property insurance

8.3.3 Motor insurance

8.3.4 Liability insurance

8.3.5 Marine, aviation and transit insurance

8.3.6 Personal accident and health insurance

8.4 Compulsory Insurance

8.4.1 Workmen’s compensation insurance

8.4.2 Motor third-party liability insurance

8.4.3 Air carriers and aircraft operators insurance

8.4.4 Professional indemnity insurance for alternative investment fund managers

8.4.5 Liability for ships with respect to oil pollution

8.4.6 Liability insurance against the transport of hazardous and noxious substances by sea

8.4.7 Professional indemnity for insurance intermediaries

8.5 Supervision and Control

8.5.1 International Association of Insurance Supervisors

8.5.2 European Insurance and Occupational Pensions Authority

8.5.3 Federation of European Risk Management Associations

8.5.4 Department of Private Insurance Supervision

8.5.5 Greek Association of Insurance Companies

8.6 Non-Admitted Insurance Regulations

8.6.1 Overview

8.6.2 Intermediaries

8.6.3 Market practices

8.6.4 Fines and Penalties

8.7 Company Registration and Operations

8.7.1 Type of insurance organization

8.7.2 Establishing a local company

8.7.3 Foreign ownership

8.7.4 Types of license

8.7.5 Capital requirements

8.7.6 Solvency margin

8.7.7 Reserve requirements

8.7.8 Investment regulations

8.7.9 Statutory return requirements

8.7.10 Fee structure

8.8 Taxation

8.8.1 Insurance premium or policy taxation

8.8.2 Withholding taxes on premium paid overseas

8.8.3 Corporate tax

8.8.4 VAT

8.8.5 Captives

8.9 Legal System

8.9.1 Introduction

8.9.2 Access to court

8.9.3 Alternative dispute resolution

9 DATABOOK

9.1 Policies and Premium

9.2 Claims and Expenses

9.3 Assets and Investments

9.4 Personal Accident Insurance

9.5 Health Insurance

9.6 Health Insurance by Product

9.7 Travel Insurance

10 DEFINITIONS AND METHODOLOGY

10.1 Definitions

10.2 Methodology

11 ABOUT TIMETRIC

11.1 Contact GlobalData

11.2 About GlobalData

11.3 GlobalData’s Services

11.4 Disclaimer

Table

Table 1: Greek Personal Accident and Health Insurance – Key Facts, 2014

Table 2: Greek Personal Accident and Health Insurance – Top Insurers, 2015

Table 3: Greek Government Credit Ratings

Table 4: Greek Personal Accident and Health Insurance – Gross Written Premium (EUR Million and US$ Million), 2011–2015

Table 5: Greek Personal Accident and Health Insurance – Gross Written Premium (EUR Million and US$ Million), 2015–2020

Table 6: Greek Personal Accident and Health Insurance – Penetration (%), 2011–2015

Table 7: Greek Personal Accident and Health Insurance – Penetration (%), 2015–2020

Table 8: Greek Personal Accident and Health Insurance – Premium per Capita (EUR and US$), 2011–2015

Table 9: Greek Personal Accident and Health Insurance – Premium per Capita (EUR and US$), 2015–2020

Table 10: Greek Personal Accident and Health Insurance – Number of Policies Sold (Million), 2011–2015

Table 11: Greek Personal Accident and Health Insurance – Number of Policies Sold (Million), 2015–2020

Table 12: Greek Personal Accident and Health Insurance – Paid Claims (EUR Million and US$ Million), 2011–2015

Table 13: Greek Personal Accident and Health Insurance – Paid Claims (EUR Million and US$ Million), 2015–2020

Table 14: Greek Personal Accident and Health Insurance – Profitability Ratio (%), 2011–2015

Table 15: Greek Personal Accident and Health Insurance – Profitability Ratio (%), 2015–2020

Table 16: Greek Personal Accident and Health Insurance – Total Assets (EUR Billion and US$ Billion), 2011–2015

Table 17: Greek Personal Accident and Health Insurance – Total Assets (EUR Billion and US$ Billion), 2015–2020

Table 18: Greek Personal Accident and Health Insurance – Investment Portfolio (EUR Million), 2011–2015

Table 19: Greek Personal Accident and Health Insurance – Investment Portfolio (EUR Million), 2015–2020

Table 20: Greek Personal Accident and Health Insurance – Direct Written Premium by Category (EUR Million), 2011–2015

Table 21: Greek Personal Accident and Health Insurance – Direct Written Premium by Category (EUR Million), 2015–2020

Table 22: Greek Personal Accident Insurance – Direct Written Premium (EUR Million and US$ Million), 2011–2015

Table 23: Greek Personal Accident Insurance – Direct Written Premium (EUR Million and US$ Million), 2015–2020

Table 24: Greek Personal Accident Insurance – Number of Policies Sold (Thousand), 2011–2015

Table 25: Greek Personal Accident Insurance – Number of Policies Sold (Thousand), 2015–2020

Table 26: Greek Personal Accident Insurance – Paid Claims (EUR Million and US$ Million), 2011–2015

Table 27: Greek Personal Accident Insurance – Paid Claims (EUR Million and US$ Million), 2015–2020

Table 28: Greek Health Insurance – Direct Written Premium by Sub-Category (EUR Million), 2011–2015

Table 29: Greek Health Insurance – Direct Written Premium by Sub-Category (EUR Million), 2015–2020

Table 30: Greek Health Insurance – Number of Policies Sold by Sub-Category (Thousand), 2011–2015

Table 31: Greek Health Insurance – Number of Policies Sold by Sub-Category (Thousand), 2015–2020

Table 32: Greek Health Insurance – Paid Claims (EUR Million and US$ Million), 2011–2015

Table 33: Greek Health Insurance – Paid Claims (EUR Million and US$ Million), 2015–2020

Table 34: Greek Travel Insurance – Direct Written Premium (EUR Million and US$ Million), 2011–2015

Table 35: Greek Travel Insurance – Direct Written Premium (EUR Million and US$ Million), 2015–2020

Table 36: Greek Travel Insurance – Number of Policies Sold (Million), 2011–2015

Table 37: Greek Travel Insurance – Number of Policies Sold (Million), 2015–2020

Table 38: Greek Travel Insurance – Paid Claims (EUR Million and US$ Million), 2011–2015

Table 39: Greek Travel Insurance – Paid Claims (EUR Million and US$ Million), 2015–2020

Table 40: Greek Personal Accident and Health Insurance – Leading Insurers, 2015

Table 41: The Ethniki Hellenic General Insurance Company SA – Key Facts

Table 42: Eurolife ERB Life Insurance SA – Key Facts

Table 43: Allianz Hellas Insurance Company SA – Key Facts

Table 44: Interamerican Hellenic Life Insurance Company SA – Key Facts

Table 45: NN Hellenic Life Insurance Co. SA – Key Facts

Table 46: Greece– Insurance Regulatory Framework Key Features

Table 47: Greece– Life Insurance Regulatory Framework

Table 48: Greece– Property Insurance Regulatory Framework

Table 49: Greece– Motor Insurance Regulatory Framework

Table 50: Greece – Liability Insurance Regulatory Framework

Table 51: Greece – Minimum Coverage for Aircraft Third-Party Liability Per Accident and Aircraft

Table 52: Greece – Corporate Tax Rates for the Financial Year 2017

Table 53: Greek Personal Accident and Health Insurance Industry – Policies and Premium, 2011–2015

Table 54: Greek Personal Accident and Health Insurance Industry – Policies and Premium, 2015–2020

Table 55: Greek Personal Accident and Health Insurance – Claims and Expenses, 2011–2015

Table 56: Greek Personal Accident and Health Insurance – Claims and Expenses, 2015–2020

Table 57: Greek Personal Accident and Health Insurance – Assets and Investments, 2011–2015

Table 58: Greek Personal Accident and Health Insurance – Assets and Investments, 2015–2020

Table 59: Greek Personal Accident and Health Insurance – Personal Accident Insurance, 2011–2015

Table 60: Greek Personal Accident and Health Insurance – Personal Accident Insurance, 2015–2020

Table 61: Greek Personal Accident and Health Insurance – Health Insurance, 2011–2015

Table 62: Greek Personal Accident and Health Insurance – Health Insurance, 2015–2020

Table 63: Greek Personal Accident and Health Insurance – Health by Product, 2011–2015

Table 64: Greek Personal Accident and Health Insurance – Health by Product, 2015–2020

Table 65: Greek Personal Accident and Health Insurance – Travel Insurance, 2011–2015

Table 66: Greek Personal Accident and Health Insurance – Travel Insurance, 2015–2020

Table 67: Insurance Industry Definitions

Figures

Figure 1: Greek Real GDP (EUR Billion), 2011–2020

Figure 2: Exchange Rate (EUR–US$), 2011–2020

Figure 3: Greek Consumer Price Inflation (%), 2011–2020

Figure 4: Greek Current Account Balance as Percentage of GDP (%), 2011–2015

Figure 5: Greek Unemployment Rate, 2011–2020

Figure 6: Greek Population by Age Group, 1991–2025

Figure 7: Greek Motor Insurance – Road Accidents, 2011–2016

Figure 8: Greek Personal Accident and Health Insurance Penetration – Regional Comparison (%), 2015

Figure 9: Greek Insurance Segment Direct Written Premium Shares – Regional Comparison (%), 2015

Figure 10: Greek Personal Accident and Health Insurance – Gross Written Premium (EUR Million), 2011–2020

Figure 11: Greek Personal Accident and Health Insurance – Penetration (%), 2011–2020

Figure 12: Greek Personal Accident and Health Insurance – Premium per Capita (EUR), 2011–2020

Figure 13: Greek Personal Accident and Health Insurance – Number of Policies Sold (Million), 2011–2020

Figure 14: Greek Personal Accident and Health Insurance – Paid Claims (EUR Million), 2011–2020

Figure 15: Greek Personal Accident and Health Insurance – Profitability Ratio (%), 2011–2020

Figure 16: Greek Personal Accident and Health Insurance – Total Assets (EUR Billion), 2011–2020

Figure 17: Greek Personal Accident and Health Insurance – Investment Portfolio (EUR Million), 2011–2020

Figure 18: Greek Personal Accident and Health Insurance – Investment Portfolio Dynamics by Category, 2011–2020

Figure 19: Greek Personal Accident and Health Insurance – Direct Written Premium by Category (EUR Million), 2011–2020

Figure 20: Greek Personal Accident and Health Insurance – Direct Written Premium Dynamics by Category, 2011–2020

Figure 21: Greek Personal Accident Insurance – Direct Written Premium (EUR Billion), 2011–2020

Figure 22: Greek Personal Accident Insurance – Number of Policies Sold (Thousand), 2011–2020

Figure 23: Greek Personal Accident Insurance – Paid Claims (EUR Million), 2011–2020

Figure 24: Greek Health Insurance – Direct Written Premium by Sub-Category (EUR Million), 2011–2020

Figure 25: Greek Health Insurance – Direct Written Premium Dynamics by Sub-Category, 2011–2020

Figure 26: Greek Health Insurance – Number of Policies Sold by Sub-Category (Thousand), 2011–2020

Figure 27: Greek Health Insurance – Paid Claims (EUR Million), 2011–2020

Figure 28: Greek Travel Insurance – Direct Written Premium (EUR Million), 2011–2020

Figure 29: Greek Travel Insurance – Number of Policies Sold (Thousand), 2011–2020

Figure 30: Greek Travel Insurance – Paid Claims (EUR Million), 2011–2020

Figure 31: Greece– The Three Pillars of Solvency II

Figure 32: Greece– Insurance Supervision and Control at Various Levels

Figure 33: Greece – Insurance Regulatory Frameworks for Company Registration and Operation

Frequently asked questions

Personal Accident and Health Insurance in Greece, Key Trends and Opportunities to 2020 standard reports

Currency USD

Single User

$1,450

Can be used by individual purchaser only

Undecided about purchasing this report?

Enquire Before Buying Download FREE Resources

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Sample Report

Personal Accident and Health Insurance in Greece, Key Trends and Opportunities to 2020 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

Assess the relevance of the report
Evaluate the quality of the report
Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise. The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS

Related reports

View more Financial Services reports

Financial Services

New

Global M&A Deals in H1 2026 - Top Themes by…

Financial Services

New

NatWest Private Banking and Wealth Management: Competitor Profile, 2026

Financial Services

New

Agentic AI in Insurance: Customer Attitudes and Case Studies 2026

Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Personal Accident and Health Insurance in Greece, Key Trends and Opportunities to 2020 in real time.

Access a live Personal Accident and Health Insurance in Greece, Key Trends and Opportunities to 2020 dashboard for 12 months, with up-to-the-minute insights.
Fuel your decision making with real-time deal coverage and media activity.
Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.

Tell me more

Reports

Reports by Sector

Report Type

Personal Accident and Health Insurance in Greece, Key Trends and Opportunities to 2020

Scope

Key Highlights

Reasons to Buy

Table of Contents

Table

Figures

Frequently asked questions

Undecided about purchasing this report?

Get in touch to find out about multi-purchase discounts

Sample Report

Below is a sample report to understand what you are buying

Related reports