Hellenic Association of Insurance: Insurance premium production up 1.2 pct in H1

Premium production by insurance companies grew 1.2 pct in the first half of 2017 compared with the corresponding period last year, Hellenic Association of Insurance Companies said on Monday.

The association said this positive performance was achieved despite a decline in car premium prices.

The report, based on the results of 50 insurance companies-members of the Association representing around 97.2 pct of total production, showed that life insurance premium production grew 1.3 pct in the first six months of the year, while damage insurance premium production rose 1.0 pct in the same period (car insurance was down 1.0 pct).

Dimitris Mazarakis, president of the Association, commenting on the results said: “Access to adequate health services and safeguarding descent living standards in the future were primary needs of Greek citizens today. This trend is gradually reflected in an increase in demand of health programs, group pension and investment programs.”