More Greeks go­ing pri­vate

Kathimerini English - - Focus -

The 23.7 per­centyear- on-year in­crease of in­sur­ance ac­tiv­ity in Novem­ber con­sti­tutes a clear sign of Greeks’ shift to­ward pri­vate in­sur­ance in view of the prob­lems in the so­cial se­cu­rity sys­tem and pub­lic health­care. It is also a sign of change in the cli­mate of the in­sur­ance mar­ket from its neg­a­tive past.

Data from the Hel­lenic As­so­ci­a­tion of In­sur­ance Com­pa­nies (EAEE) show the trend, which started in mid-2016, has con­tained the neg­a­tive course of pre­vi­ous months so that the first 11 months of last year posted a 5.1 per­cent year-on-year in­crease in pre­mi­ums and a 2.3 per­cent rise in gen­eral in­sur­ance poli­cies.

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