Mixed picture records the insurance market In the period January – May 2025, according to data from the Association of Insurance Companies of Greece (UAE), although overall the production of premiums was upward.
Specifically, the total production of premiums in the Greek insurance market increased by 2.5%compared to the corresponding period of 2024, although this rise came exclusively from losses by 9%, while life insurance declined by 4.3%, according to the UAE.
Overall, premium production reached 2.39 billion euros, with losses against € 1.3 billion and life insurance at € 1.09 billion. The decline in life insurance is mainly due to a 13.9% reduction in pension capital management, but also to life -linked life -linked, which fell 3.4%.
On the contrary, there were significant increases in the damage sectors in almost all categories. The insurance and nature of nature with a rise of 15.8%, civil liability insurance (+5%) and accident insurance (+21.5%) stand out. Vehicle insurance remained a key pillar, with a 10.7% increase in land vehicles and 5% in their liability, gaining more than one -third of loss production.
For the month of May, the picture is even more contradictory: the production of damage by losses increased dramatically by 17.8% compared to May 2024, while in life insurance it decreased by 2%. This performance brings the annual change to a rolling basis to +4.7% for the market, with +9.2% for losses and only +0.1% for life insurance.
It is noted that the production of premiums recorded relates to the refineries and includes both periodic payments and one -off payments.
The course of losses by damage enhances the durability of the insurance market and reflects the increased needs of physical risks, infrastructure and business requirements, at a time characterized by increased uncertainty. On the contrary, the decline in life insurance seems to be linked to the waiting of savings and investors, amidst unstable financial environment and high interest rates.