In­sur­ance sales post rise in first half of year

Kathimerini English - - Front Page -

In­sur­ance com­pa­nies in Greece recorded a year-on-year turnover in­crease of 1.8 per­cent in the first six months of 2015.

The rise is at­trib­uted to sales of health and life in­sur­ance pro­grams. An in­crease in gen­eral in­sur­ance was seen for the first time in June, halt­ing the down­ward trend of pre­vi­ous months.

Ac­cord­ing to data from the Greek As­so­ci­a­tion of In­sur­ance Com­pa­nies, life in­sur­ance turnover was up 15 per­cent in the first half of 2015 and 2.1 per- cent in June. Sec­tor ac­tiv­i­ties came to 1.05 bil­lion eu­ros with turnover from gen­eral in­sur­ance poli­cies at 960 mil­lion eu­ros, down 9.1 per­cent for the first six months but up 2.8 per­cent in June.

The de­cline in gen­eral in­sur­ance was at­trib­uted to cheaper car in­sur­ance, which makes up the lion’s share of the gen­eral in­sur­ance sec­tor.

In­vest­ment prod­ucts at­tracted in­ter­est as a safe haven for bank de­posits. This re­sulted in life in­sur­ance turnover ris­ing 5.4 per­cent on the same time last year. Turnover in in­vest­ment plans went up by 45.2 per­cent and in health prod­ucts by 25 per­cent.

Fire in­sur­ance and ad­di­tional as­set in­sur­ance turnover fell 1.9 per­cent for the same pe­riod. In­creased turnover was also posted in poli­cies for gen­eral li­a­bil­ity (4.6 per­cent), fi­nan­cial loss (4.8 per­cent), goods trans­porta­tion (5 per­cent) and loans (5.2 per­cent).

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