Greece Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in Greece industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Greek non-life insurance market had total gross written premiums of $2.8 billion in 2022, representing a compound annual growth rate (CAGR) of 1.8% between 2017 and 2022.
- The Motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $1 billion, equivalent to 37.1% of the market's overall value.
- The cost of claims for non-life insurance companies will increase as a result of inflation increases in the costs of insurance customers in Greece.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Greece
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Greece
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Greece non-life insurance market with five year forecasts by both value and volume
- What was the size of the Greece non-life insurance market by value in 2022?
- What will be the size of the Greece non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Greece non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitors in Greece's non-life insurance market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What strategies do leading players follow?
- 7.4. What has been the rationale behind recent M&A activity?
- 7.5. How has the COVID-19 outbreak impacted the market?
- 8 Company Profiles
- 8.1. ERGO Group AG
- 8.2. Ethniki Hellenic General Insurance Company SA
- 8.3. Generali Hellas Insurance Co SA
- 8.4. Interamerican Group
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. About MarketLine
- List of Tables
- Table 1: Greece non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Greece non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Greece non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Greece non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Greece non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Greece non-life insurance market share: % share, by value, 2022(e)
- Table 7: ERGO Group AG: key facts
- Table 8: ERGO Group AG: Key Employees
- Table 9: Ethniki Hellenic General Insurance Company SA: key facts
- Table 10: Generali Hellas Insurance Co SA: key facts
- Table 11: Generali Hellas Insurance Co SA: Key Employees
- Table 12: Interamerican Group: key facts
- Table 13: Interamerican Group: Key Employees
- Table 14: Greece size of population (million), 2018–22
- Table 15: Greece gdp (constant 2005 prices, $ billion), 2018–22
- Table 16: Greece gdp (current prices, $ billion), 2018–22
- Table 17: Greece inflation, 2018–22
- Table 18: Greece consumer price index (absolute), 2018–22
- Table 19: Greece exchange rate, 2017–21
- List of Figures
- Figure 1: Greece non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Greece non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Greece non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Greece non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in Greece, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Greece, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Greece, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Greece, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Greece, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Greece, 2022
- Figure 11: Greece non-life insurance market share: % share, by value, 2022(e)
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