Greece Insurance Market Analysis and Growth Report, 2018
Greece Insurance Market Analysis and Growth Report, 2018

Report Summary:

researchFOLKS’ ’‘Greece Insurance Market Analysis” report offers a retrospective analysis of trends and events occurred in the industry in the recent few years with forward looking statements and also a comprehensive view on the impact of growing customer data volume and technology adoption in the industry. The report also provides accurately validated market statistics of both life and non-life segments along with the future projections till 2022. 

Technology, connectivity and internet usage has revolutionized the industry and offering huge growth opportunities for the insurers, which is encouraging them to pursue innovation with data and technology providers in order to improve their capabilities and product offerings. However, this has created evolving risks from cyber threats. In our report, we pinpoint how the insurers are responding to changing technology landscape and addressing cyber related issues in greater detail.

Our report also touches on various innovative distribution channels adopted by insurers, market growth drivers, emerging technologies in the market and industry benchmarking with other peer countries and their relative market positioning for both life and non-life business segments. In addition, the report also touches on regulatory framework, and broader implications of regulatory policy changes on insurance market.

Insurance Market in Greece - Highlights of the report:

According to the report of Hellenic Association of Insurance Companies (HAIC), the gross written premium of Greece insurance industry by September 2017 was EUR2.80 billion, increased by 0.26% compared to the previous year. The decrease in traditional life policies has resulted in the decline of life insurance segment by 1.40%, whereas, the non-life insurance segment witnessed a positive growth by 1.91% than the preceding year.

The Bank of Greece regulates the insurance industry in Greece and supervises financial institutes through various departments. With 39 non-life insurance companies, 12 life insurance and 11 mixed insurance companies, Greece insurance industry registered an insurance premium revenue of EUR3.7 billion in 2016. Of these revenues, life insurance and non-life insurance segments have constituted equally.

Digital customer interactions and technological advancements in autonomous driving are two principal areas that can transform the insurance industry in Greece. The advent of Big Data, Machine Learning, and Artificial Intelligence can increase the speed of operations and risk assessment improving the decision making of insurers in the region.

List of Companies mentioned in the report:

    • Insurance Greece 
    • Bupa Global 
    • Allianz Hellas S.A. 
    • Mondial Assistance Greece 
    • Syneteristiki Life Insurance 
    • AXA Insurance 
    • Ethniki Asfalistiki

Scope of the report:

    • The overview of insurance industry market and comprehensive analysis of the market drivers
    • It provides conventional and contemporary information about insurance market and predictions till 2022
    • It details the emerging technologies and various distribution channels adopted by insurers to improve the customer base and their economic, regional and business impact on the overall industry
    • Opportunities presented by Insurtech startups to the insurers, investment in Insurtech companies and key trends to watch in Insurtech market
    • Detailed information about existing market leaders, their strategies and government policies driving insurance market

Key Questions answered by the report:

    • What is the penetration rate of life and non-life insurance business segments; and the futuristic overview?
    • Who are the leading insurers in the market and what strategies they are adopting to maintain leadership positions?
    • What are the growth opportunities provided by the alternative distribution channels to the insurance market?
    • How are the emerging technologies and new product launches affecting the local insurers of the country?

Reasons to purchase this report:

    • Enhance the decision-making with the comprehensive information about trends, conventional statistics, and forecast for next five years
    • Understand the competitive landscape in the insurance industry and their marketing strategies
    • Unfold hidden growth opportunities with the use of data about emerging transitions in the market and customer transactional behaviors
    • Broaden the insight about regulatory policies and frameworks that impact insurance industry market
Table of Contents:

1. Definitions

2. Research Methodology

2.1 Research Process

2.1.1 Market Sizing

2.1.2 Competitor Analysis

2.1.3 Market Forecasting

2.1.4 Quality Control Process

3. Executive Summary

4. Industry Benchmarking with Peer Countries

5. Market Attractiveness

6. Regulatory Framework

7. SWOT Analysis

8. Porter’s Five Forces Analysis

9. InsurTech Landscape

10. Industry Enablers/Growth Drivers

11. Market analysis by business segment

12. Market Analysis by Distribution Channels

13. Key Industry Developments

14. Industry Outlook

15. Key Operators in the Market – Company Profiles

16. Appendix

16.1 Industry Stats


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