Non-Life Insurance Industry in Greece to 2017 @ http://www.researchmoz.us/non-life-insurance-in-greece-key-trends-and-opportunities-to-2017-report.html Non-life insurance was the largest segment in the Greek insurance industry in 2012, accounting for 51.8% of the industry’s total premiums. The Greek economy was adversely affected by the financial crisis and the subsequent eurozone debt crisis. The consequent reduction in business revenues, rising levels of unemployment and a decline in disposable income levels had a rub-off effect on the country’s non-life segment.

1. Non-Life Insurance in Greece, Key Trends and Opportunities to 2017
Synopsis
The report provides in depth market analysis, information and insights into the Greek non-life insurance segment, including:
The Greek non-life insurance segment’s growth prospects by non-life insurance categories Key trends and drivers for the non-life insurance segment
The various distribution channels in the Greek non-life insurance segment The detailed competitive landscape in the non-life insurance segment in Greece
Regulatory policies of the Greek insurance industry A description of the non-life reinsurance segment in Greece Porter's Five Forces analysis of the non-life
insurance segment
Executive summary
Non-life insurance was the largest segment in the Greek insurance industry in 2012, accounting for 51.8% of the industry’s total premiums. The Greek
economy was adversely affected by the financial crisis and the subsequent eurozone debt crisis. The consequent reduction in business revenues, rising levels of
unemployment and a decline in disposable income levels had a rub-off effect on the country’s non-life segment. The Greek insurance industry decreased
at a compound annual growth rate (CAGR) of -2.4% during the review period (2008–2012). However, the non-life segment posted a review-period CAGR
of 1%. Over the forecast period (2012–2017), the segment is expected to register a CAGR of 3.3% in gross written premium terms, primarily driven by
gradual economic recovery. Agencies are the main distribution channel in the non-life segment and accounted for 52.1% of the gross written premium generated
from new business in 2012, followed by brokers with 31%.
Scope
This report provides a comprehensive analysis of the non-life insurance segment in Greece:
It provides historical values for Greece’s non-life insurance segment for the report’s 2008–2012 review period and projected figures for
the 2012–2017 forecast period. It offers a detailed analysis of the key categiories in Greece’s non-life insurance segment, along with market
forecasts until 2017. It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio,
frauds and crimes, total assets, total investment income and retentions. It analyses the various distribution channels for non-life insurance products in Greece.
Using Porter’s industry-standard Five Forces analysis, it details the competitive landscape in Greece for the non-life insurance segment. It provides a
detailed analysis of the reinsurance segment in Greece and its growth prospects. It profiles the top non-life insurance companies in Greece and outlines the key
regulations affecting them.
Reasons to buy
Make strategic business decisions using in-depth historic and forecast market data related to the Greek non-life insurance segment and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities within the Greek non-life insurance segment. Assess the competitive
dynamics in the non-life insurance segment, along with the reinsurance segment. Identify the growth opportunities and market dynamics within key product
categories. Gain insights into key regulations governing the Greek insurance industry and its impact on companies and the market's future.
Key highlights
The Greek non-life insurance segment is the largest in the industry, accounting for 51.8% of the gross written premium generated in 2012 In 2012, the non-life
segment comprised 45 insurers, 11 of which were composite insurers Motor insurance is the largest category in the segment, representing 65.7% of its total
written premiums in 2012 Property cover was the second-largest non-life category with 28.8% of the segment’s written premiums in 2012 Agencies are
the main distribution channel for the non-life insurance segment and accounted for 52.1% of the total commission paid in 2012 The segment is highly
concentrated with the 10 leading companies accounting for 62.1% of the total non-life gross written premium income in 2012
table Of Contents
1 Executive Summary
2 Introduction
2.1 What Is This Report About?
2.2 Definitions
2.3 Methodology
3 Greek Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2008–2017
3.2 Key Industry Trends And Drivers
4 Non-life Insurance Outlook
4.1 Non-life Insurance Growth Prospects By Category
4.1.1 Property Insurance
4.1.2 Fire And Allied Peril Insurance
4.1.3 Other Property Insurance
4.2 Motor Insurance
4.2.1 Motor Hull Insurance
4.2.2 Motor Third-party Insurance
4.3 General Third-party Insurance
4.4 Marine, Aviation And Transit Insurance
4.4.1 Marine Insurance
4.4.2 Marine Hull Insurance
Non-Life Insurance in Greece, Key Trends and Opportunities to 2017

2. 4.4.3 Marine Third-party Insurance
4.4.4 Aviation Insurance
4.4.5 Transit Insurance
5 Analysis By Distribution Channels
5.1 Direct Marketing
5.2 Bancassurance
5.3 Agencies
5.4 E-commerce
5.5 Brokers
5.6 Other Channels
6 Porter’s Five Forces Analysis – Greek Non-life Insurance
6.1 Bargaining Power Of Supplier: Medium
6.2 Bargaining Power Of Buyer: Medium
6.3 Barriers To Entry: Medium
6.4 Intensity Of Rivalry: High
6.5 Threat Of Substitutes: Low
7 Reinsurance Growth Dynamics And Challenges
7.1 Reinsurance Segment Size, 2008–2017
7.2 Reinsurance Segment Size By Type Of Insurance, 2008–2017
8 Governance, Risk And Compliance
8.1 Legislation Overview And Historical Evolution
8.2 Regulations By Type Of Insurance
8.2.1 Life Insurance Regulations
8.2.2 Property Insurance Regulations
8.2.3 Motor Insurance Regulations
8.2.4 Marine, Aviation And Transit Insurance Regulations
8.2.5 Personal Accident And Health Insurance Regulations
8.3 Compulsory Insurance
8.3.1 Workmen’s Compensation Insurance
8.3.2 Motor Third-party Liability Insurance
8.3.3 Air Carriers And Aircraft Operators Insurance
8.4 Supervision And Control
8.4.1 International Association Of Insurance Supervisors
8.4.2 European Insurance And Occupational Pensions Authority (eiopa)
8.4.3 Department Of Private Insurance Supervision (dopis)
8.5 Non-admitted Insurance Regulations
8.5.1 Overview
8.5.2 Intermediaries
8.5.3 Market Practices
8.5.4 Fines And Penalties
8.6 Company Registration And Operations
8.6.1 Types Of Insurance Organization
8.6.2 Establishing A Local Company
8.6.3 Foreign Ownership
8.6.4 Types Of License
8.6.5 Capital Requirements
8.6.6 Solvency Margins
8.6.7 Reserve Requirements
8.6.8 Investment Regulations
8.6.9 Statutory Return Requirements
8.6.10 Fee Structure
8.7 Taxation
8.7.1 Insurance Premium Or Policy Taxation
8.7.2 Withholding Taxes On Premium Paid Overseas
8.7.3 Corporate Tax
8.7.4 Vat
8.7.5 Captives
8.8 Legal System
8.8.1 Introduction
8.8.2 Access To Court
Non-Life Insurance in Greece, Key Trends and Opportunities to 2017

3. 8.8.3 Alternative Dispute Resolution (adr)
9 Competitive Landscape And Strategic Insights
9.1 Overview
9.2 Leading Companies In The Greek Non-life Insurance Segment
9.3 Comparison Of The Top Five Insurers
9.3.1 Gross Written Premium
9.3.2 Net Earned Premium
9.3.3 Investment Income
9.4 Ethniki – Company Overview
9.4.1 Ethniki – Key Facts
9.4.2 Ethniki – Key Financials
9.5 Interamerican – Company Overview
9.5.1 Interamerican – Key Facts
9.5.2 Interamerican – Key Financials
9.6 Europaiki Enosis – Company Overview
9.6.1 Europaiki Enosis – Key Facts
9.6.2 Europaiki Enosis – Key Financials
9.7 Ergo General – Company Overview
9.7.1 Ergo General – Key Facts
9.7.2 Ergo General – Key Financials
9.8 Ate Insurance – Company Overview
9.8.1 Ate Insurance – Key Facts
9.8.2 Ate Insurance – Key Financials
9.9 Axa – Company Overview
9.9.1 Axa – Key Facts
9.9.2 Axa – Key Financials
9.10 Allianz Hellas – Company Overview
9.10.1 Allianz Hellas – Key Facts
9.10.2 Allianz Hellas – Key Financials
9.11 Ydroghios – Company Overview
9.11.1 Ydroghios – Key Facts
9.11.2 Ydroghios – Key Financials
9.12 Groupama Phoenix – Company Overview
9.12.1 Groupama Phoenix – Key Facts
9.12.2 Groupama Phoenix – Key Financials
9.13 Aig Greece – Company Overview
9.13.1 Aig Greece – Key Facts
10 Business Environment And Country Risk
10.1 Business Confidence
10.1.1 Market Capitalization Trend – Athens Stock Exchange, Greece
10.2 Economic Performance
10.2.1 Gdp At Constant Prices (us$)
10.2.2 Gdp Per Capita At Constant Prices (us$)
10.2.3 Gdp At Current Prices (us$)
10.2.4 Gdp Per Capita At Current Prices (us$)
10.2.5 Gdp By Key Segments
10.2.6 Agriculture Net Output At Current Prices (us$)
10.2.7 Agriculture Net Output At Current Prices As A Percentage Of Gdp
10.2.8 Manufacturing Net Output At Current Prices (us$)
10.2.9 Manufacturing Net Output At Current Prices As A Percentage Of Gdp
10.2.10 Mining, Manufacturing And Utilities At Current Prices (us$)
10.2.11 Mining, Manufacturing And Utilities At Current Prices, As Percentage Of Gdp
10.2.12 Construction Net Output At Current Prices, (us$)
10.2.13 Construction Net Output At Current Prices As A Percentage Of Gdp
10.2.14 Inflation Rate
10.2.15 Exports As A Percentage Of Gdp
10.2.16 Imports As A Percentage Of Gdp
10.2.17 Merchandise Exports Growth
10.2.18 Merchandise Imports Growth
10.2.19 Annual Average Exchange Rate, Euro–us$
10.3 Infrastructure Quality And Availability
10.3.1 Commercial Vehicles Exports – Total Value
10.3.2 Commercial Vehicles Imports – Total Value
10.3.3 Automotive Exports – Total Value
Non-Life Insurance in Greece, Key Trends and Opportunities to 2017

4. 10.3.4 Automotive Imports – Total Value
10.3.5 Total Internet Subscribers
10.4 Labor Force
10.4.1 Labor Force
10.4.2 Unemployment Rate
10.5 Demographics
10.5.1 Gross National Disposable Income (us$)
10.5.2 Household Consumption Expenditure (us$)
10.5.3 Total Population
10.5.4 Urban And Rural Populations
10.5.5 Age Distribution Of The Total Population
11 Appendix
11.1 Methodology
11.2 Contact Timetric
11.3 About Timetric
11.4 Timetric’s Services
11.5 Disclaimer
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Non-Life Insurance in Greece, Key Trends and Opportunities to 2017