Non-Life Insurance in Greece, Key Trends and Opportunities to 2020

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Jul 11, 2017, 21:38 ET

NEW YORK, July 11, 2017 /PRNewswire/ -- Synopsis
Timetric's 'Non-Life Insurance in Greece Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Greek non-life insurance segment, and a comparison of the Greek insurance industry with its regional counterparts.

Read the full report: http://www.reportlinker.com/p02029326/Non-Life-Insurance-in-Greece-Key-Trends-and-Opportunities-to.html

It provides values for 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, explains the various types of natural hazard and their impact on the Greek insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric'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.

Summary
Timetric's 'Non-Life Insurance in Greece, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Greek non-life insurance segment, including:

- The Greek non-life segment outlook by product category

- A comprehensive overview of the Greek economy and demographics

- A comparison of the Greek non-life insurance segment with its regional counterparts

- The various distribution channels in the Greek non-life insurance segment

- Detailed analysis of natural hazards and their impact on the Greek insurance industry

- Details of the competitive landscape in the non-life insurance segment in Greece

- Details of regulatory policy applicable to the Greek insurance industry

Scope
This report provides a comprehensive analysis of the non-life insurance segment in Greece:

- It provides historical values for the Greek non-life 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 non-life insurance segment, and market forecasts to 2020.

- It provides a comparison of the Greek non-life insurance segment with its regional counterparts

- It analyzes the various distribution channels for non-life insurance products in Greece.

- It analyzes various natural hazards and their impact on the Greek insurance industry

- 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 in the Greek non-life insurance segment.

- Assess the competitive dynamics in the non-life 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.

Key Highlights
- In April 2017, the National Insurance Company of Greece (Ethniki Hellenic Insurance Company) was put up for sale by its parent organization, the National Bank of Greece.

- On February 22, 2017, a new circular was imposed, under which insurance classes like aviation (hull and machinery), marine (hull and machinery) including yachts, were exempted from insurance premium tax.

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

- On July 16, 2015, the standard insurance premium tax rate on all non-life insurance products (except fire) was increased from 10% to 15%.

- Rains and tornados during October 20–23, 2015 led to compensation payments of EUR10.8 million (US$12 million).
Read the full report: http://www.reportlinker.com/p02029326/Non-Life-Insurance-in-Greece-Key-Trends-and-Opportunities-to.html

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