Market Research Reports, Inc. has announced the addition of “Life Insurance in Greece, Key Trends and Opportunities to 2018” research report to their offering. See more at- http://mrr.cm/44F
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Introduction to Report
Launch Date: December 27, 2014
Number of Pages: 257
Geography Coverage: Greece
Available Format: PDF
Price For Single User License: USD 1,950
Price For Site User License: USD 3,900
Price For Global User License: USD 5,850
Delivery Time: Within 24 Hours (During Working Days)
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About the Report
The report provides in-depth market analysis, information
and insights into the Greek life insurance segment. Life
insurance was the second-largest segment in the Greek
insurance industry in 2013, accounting for 40.0% of the
industry’s total gross written premiums.
The segment’s value declined at a review-period (2009–
2013) compound annual growth rate (CAGR) of -10.5%.
The economy depleted after the eurozone debt crisis, due
to factors such as a rise in levels of unemployment,
decline in income levels and decreasing GDP.
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Key Highlights
The level of awareness of the need for life insurance
products in Greece is generally low.
The life insurance penetration rate for the Greek life
insurance segment as a percentage of GDP was 0.89% in
2013; much lower than the UK’s 8.7% and Germany’s
3.4%.
The low penetration signifies a highly underpenetrated
segment, with a lot of scope for growth. The segment is
expected to record a forecast-period (2013–2018) CAGR of
2.9%. Growth will be driven by a gradual recovery in the
Greek economy.
The segment is concentrated, with the 10 leading
companies accounting for 87.8% of the segment’s gross
written premium in 2013.
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Key Highlights Continues…
The population belonging to the 40–64 age group was a
significant driver of the life insurance segment during the
review period.
The life segment accounted for 40.0% of the overall
insurance industry’s gross written premium in 2013.
Agencies emerged as the most popular distribution
channel in the life segment. The channel’s share in terms
of new business gross written premium by distribution
channel declined from 57.2% in 2009 to 56.2% in 2013.
As part of its measures to improve its fiscal position, the
government passed Tax Law No.4110 in 2013.
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Key Highlights Continues…
The rise in the number of internet subscribers
encouraged many Greek insurers to market their products
online.
E-commerce is expected to emerge as the second-
fastest-growing distribution channel, registering a
forecast-period CAGR of 1.5%.
Life insurers are emphasizing the development of income
protection plans with the aim of targeting people who are
uncertain about their future income.
Income protection plans act as financial protection to the
insured’s family during unforeseen events, such as the
sudden death of the policyholder (insured) following an
illness or accident.
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Scope
It provides historical values for the Greek life insurance
segment for the report’s 2009–2013 review period, and
projected figures for the 2013–2018 forecast period.
It offers a detailed analysis of the key categories in the
Greek life insurance segment, along with market forecasts
until 2018.
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 life
insurance products in Greece.
It profiles the top life insurance companies in Greece and
outlines the key regulations affecting them.
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Report Coverage
1. Key Facts and Top Events
2. Executive Summary
3. Introduction
4. Greek Insurance Industry Attractiveness
5. Life Insurance Outlook
6. Analysis by Distribution Channel
7. Governance
8. Risk and Compliance
9. Competitive Landscape and Strategic Insights
10. Appendix – 1
11. Appendix – 2
For more details regarding Report coverage see the last slide
All logos and Images mentioned on this slide belong to their respective owners.
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Company Coverage
1. Ethniki
2. Eurolife
3. ING Life
4. MetLife Alico Life
5. Interamerican Life
6. Allianz Hellas
7. Axa Insurance
8. Groupama Phoenix
9. Generali Hellas
10. Credit Agricole Life
For more details regarding Report coverage see the last slide
All logos and Images mentioned on this slide belong to their respective owners.
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