The initial forecast of compensation for the damages caused by the extreme weather phenomena that hit some areas of Greece in the period 9 – 17 October 2021 amounts to 7.4 million euros, according to a research prepared by the Association of Insurance Companies of Greece (EAEE) between of Insurance Companies – its members The […]
Tag: insurance
Insurance companies: The frequency of vehicle liability losses decreased in 2020
The frequency of vehicle liability losses from 6.86% in 2019 decreased to 5.51% in 2020, but the average cost of vehicle liability losses increased from € 1,349 in 2019 to € 1,382 in 2020 and the average cost of damage from € 1,150 in 2020 2019 to 1,165 euros in 2020. This emerges from the […]
There are increases in car insurance premiums.
By Leonidas Stergiou Big profits in the car insurance industry, smaller in the health sector and high demand for bank insurance products are the main points of the insurance companies’ report for the first 18 months of the pandemic. From early 2020 to April 2021, lockdowns and travel restrictions due to the pandemic significantly reduced […]
Explosive increase in premium production
By Leonidas Stergiou Net inflows of € 200 million in insurance products led to an increase in premium production of more than 9% in the nine months January-September 2021. The inflow of new funds mainly concerns life insurance policies linked to investments, while the loss sector is characterized by strong changes and transfers of contracts […]