Insurance premium production down 3.7 pct in 2020

Insurance premium production fell 3.7 pct in 2020, totaling 3.9 billion euros, the Union of Insurance Companies of Greece said in a report released on Wednesday.

Premium production in the life insurance category totaled 1.8 billion euros in 2020, down 8.0 pct from the previous year, while production of unit linked contracts rose 55.3 pct. Premium production in the life insurance sector fell 17.5 pct, liability contract production edged up 0.4 pct totaling 2.1 billion euros. Car insurance production totaled 707 million euros, down 5.7 pct from 2019.