The Greek insurance market recorded double-digit growth in the eight months from January to August 2026, with premium income reaching €4.29bn, up 10.1% on the same period in 2025.
Data from the monthly survey by the Hellenic Association of Insurance Companies (HAIC) highlight the leading role of life insurance, which grew at a significantly faster pace than non-life insurance. The overall picture also reflects differing trends across individual lines, from life products and investment-linked policies to health, property and motor cover.
Life insurance leads growth
Premium income from life insurance reached €2.097bn in the eight-month period, up 15.4% year on year. The segment accounted for around 48.9% of total premium income, bringing it close in size to non-life insurance.
Within the sector, traditional life insurance generated €985.7m in premiums, up 22.5% on the same period last year. It accounts for 47% of total life premiums, making it the largest individual category.
Investment-linked life insurance also performed strongly, with premiums reaching €895.2m, up 11%. The category represents 42.7% of the life insurance sector, confirming the significant contribution of investment-linked products to total premium income.
By contrast, collective pension fund management grew at a more moderate pace, with premiums totalling €216m, up 4.6%.
Non-life insurance: up 5.4%
Premium income from non-life insurance reached €2.191bn, up 5.4% on the first eight months of 2025. The category accounted for around 51.1% of total market premiums, retaining a marginally larger share than life insurance.
The largest individual line remains motor third-party liability, with premiums of €578.4m and annual growth of 4.9%. It is followed by health insurance, with €385.7m in premiums, up 5.4%, and fire and natural perils cover, which reached €322.4m, up 5.9%.
These three categories account for a significant share of non-life premiums, reflecting the importance of motor, health and property cover in the market’s portfolio.
Among individual lines, credit insurance recorded a notable increase of 17.3%, with premiums reaching €47.2m. Accident insurance rose by 11.1% to €43.2m, while the assistance line grew by 8.6% to €133.1m.
At the other end of the spectrum, other damage to property edged down 0.2%, with premiums of €139.8m, while suretyship fell by 3.3% to €20.6m.
August and the 12-month picture
Total premium income in August 2026 reached €434.2m, up 9.5% compared with August 2025.
Life insurance premiums amounted to €212.5m, up 14.6%, while non-life premiums reached €221.8m, an increase of 5%.
Compared with July 2026, however, total premium income fell by 27.3%. The decline was 28% in life insurance and 26.6% in non-life insurance. This reflects the month-on-month change but does not alter the positive comparison with the same month a year earlier.
The HAIC survey is based on submissions from 43 insurance companies and records written premiums from direct insurance business, excluding reinsurance assumed. The figures come from monthly company submissions and, as the association notes, have not been audited by statutory auditors.