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Life and Non Life Insurance Market in Greece 2023-2027

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    Report

  • 103 Pages
  • June 2023
  • Region: Greece
  • TechNavio
  • ID: 5850057
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The life and non life insurance market in Greece is forecasted to grow by USD 1,337.04 mn during 2022-2027, accelerating at a CAGR of 4.82% % during the forecast period. The report on the life and non life insurance market in Greece provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the digitalization of the insurance industry, rising uncertain catastrophic events, and increasing government regulations on mandatory insurance coverage in Greece.

The life and non life insurance market in Greece is segmented as below:

By Type

  • Life insurance
  • Non-life insurance

By Distribution Channel

  • Agency
  • Direct
  • Banks
This study identifies the integration of IT and analytic solutions as one of the prime reasons driving the life and non life insurance market growth in Greece during the next few years. Also, investors collaborating with insurance firms and increasing the adoption of cloud-based solutions in the insurance industry will lead to sizable demand in the market.

The report on the life and non life insurance market covers in Greece the following areas:

  • Life and non life insurance market sizing in Greece
  • Life and non life insurance market forecast in Greece
  • Life and non life insurance market industry analysis in Greece
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading life and non life insurance market in Greece vendors that include Achmea B.V., Allianz SE, AXA Group, Fairfax Financial Holdings Ltd., and Generali Hellas Insurance Co. S.A.. Also, the life and non life insurance market in Greece analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Type
Exhibit 05: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on Greece - Market size and forecast 2022-2027 ($ million)
Exhibit 12: Data Table on Greece - Market size and forecast 2022-2027 ($ million)
Exhibit 13: Chart on Greece: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on Greece: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Life and non-life insurance market in Greece 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on life and non-life insurance market in Greece 2017 - 2021 ($ million)
4.2 Type Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.3 Distribution channel Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - Distribution channel Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
6.1 Market segments
Exhibit 25: Chart on Type - Market share 2022-2027 (%)
Exhibit 26: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 27: Chart on Comparison by Type
Exhibit 28: Data Table on Comparison by Type
6.3 Life insurance - Market size and forecast 2022-2027
Exhibit 29: Chart on Life insurance - Market size and forecast 2022-2027 ($ million)
Exhibit 30: Data Table on Life insurance - Market size and forecast 2022-2027 ($ million)
Exhibit 31: Chart on Life insurance - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Life insurance - Year-over-year growth 2022-2027 (%)
6.4 Non-life insurance - Market size and forecast 2022-2027
Exhibit 33: Chart on Non-life insurance - Market size and forecast 2022-2027 ($ million)
Exhibit 34: Data Table on Non-life insurance - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Chart on Non-life insurance - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Non-life insurance - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 37: Market opportunity by Type ($ million)
Exhibit 38: Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by Distribution Channel
7.1 Market segments
Exhibit 39: Chart on Distribution Channel - Market share 2022-2027 (%)
Exhibit 40: Data Table on Distribution Channel - Market share 2022-2027 (%)
7.2 Comparison by Distribution Channel
Exhibit 41: Chart on Comparison by Distribution Channel
Exhibit 42: Data Table on Comparison by Distribution Channel
7.3 Agency - Market size and forecast 2022-2027
Exhibit 43: Chart on Agency - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Data Table on Agency - Market size and forecast 2022-2027 ($ million)
Exhibit 45: Chart on Agency - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on Agency - Year-over-year growth 2022-2027 (%)
7.4 Direct - Market size and forecast 2022-2027
Exhibit 47: Chart on Direct - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Direct - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Direct - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Direct - Year-over-year growth 2022-2027 (%)
7.5 Banks - Market size and forecast 2022-2027
Exhibit 51: Chart on Banks - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Banks - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Banks - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Banks - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Distribution Channel
Exhibit 55: Market opportunity by Distribution Channel ($ million)
Exhibit 56: Data Table on Market opportunity by Distribution Channel ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 58: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 59: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 60: Overview on factors of disruption
10.4 Industry risks
Exhibit 61: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 62: Vendors covered
11.2 Market positioning of vendors
Exhibit 63: Matrix on vendor position and classification
11.3 Achmea B.V.
Exhibit 64: Achmea B.V. - Overview
Exhibit 65: Achmea B.V. - Product/Service
Exhibit 66: Achmea B.V. - Key offerings
11.4 Allianz SE
Exhibit 67: Allianz SE - Overview
Exhibit 68: Allianz SE - Business segments
Exhibit 69: Allianz SE - Key news
Exhibit 70: Allianz SE - Key offerings
Exhibit 71: Allianz SE - Segment focus
11.5 AXA Group
Exhibit 72: AXA Group - Overview
Exhibit 73: AXA Group - Business segments
Exhibit 74: AXA Group - Key offerings
Exhibit 75: AXA Group - Segment focus
11.6 Fairfax Financial Holdings Ltd.
Exhibit 76: Fairfax Financial Holdings Ltd. - Overview
Exhibit 77: Fairfax Financial Holdings Ltd. - Business segments
Exhibit 78: Fairfax Financial Holdings Ltd. - Key offerings
Exhibit 79: Fairfax Financial Holdings Ltd. - Segment focus
11.7 Generali Hellas Insurance Co. S.A.
Exhibit 80: Generali Hellas Insurance Co. S.A. - Overview
Exhibit 81: Generali Hellas Insurance Co. S.A. - Product/Service
Exhibit 82: Generali Hellas Insurance Co. S.A. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 83: Inclusions checklist
Exhibit 84: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 85: Currency conversion rates for US$
12.4 Research methodology
Exhibit 86: Research methodology
Exhibit 87: Validation techniques employed for market sizing
Exhibit 88: Information sources
12.5 List of abbreviations
Exhibit 89: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Type
Exhibits 5: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 6: Executive Summary - Chart on Vendor Market Positioning
Exhibits 7: Parent market
Exhibits 8: Market Characteristics
Exhibits 9: Offerings of vendors included in the market definition
Exhibits 10: Market segments
Exhibits 11: Chart on Greece - Market size and forecast 2022-2027 ($ million)
Exhibits 12: Data Table on Greece - Market size and forecast 2022-2027 ($ million)
Exhibits 13: Chart on Greece: Year-over-year growth 2022-2027 (%)
Exhibits 14: Data Table on Greece: Year-over-year growth 2022-2027 (%)
Exhibits 15: Historic Market Size - Data Table on life and non-life insurance market in Greece 2017 - 2021 ($ million)
Exhibits 16: Historic Market Size - Type Segment 2017 - 2021 ($ million)
Exhibits 17: Historic Market Size - Distribution channel Segment 2017 - 2021 ($ million)
Exhibits 18: Five forces analysis - Comparison between 2022 and 2027
Exhibits 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 21: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 22: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 23: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 24: Chart on Market condition - Five forces 2022 and 2027
Exhibits 25: Chart on Type - Market share 2022-2027 (%)
Exhibits 26: Data Table on Type - Market share 2022-2027 (%)
Exhibits 27: Chart on Comparison by Type
Exhibits 28: Data Table on Comparison by Type
Exhibits 29: Chart on Life insurance - Market size and forecast 2022-2027 ($ million)
Exhibits 30: Data Table on Life insurance - Market size and forecast 2022-2027 ($ million)
Exhibits 31: Chart on Life insurance - Year-over-year growth 2022-2027 (%)
Exhibits 32: Data Table on Life insurance - Year-over-year growth 2022-2027 (%)
Exhibits 33: Chart on Non-life insurance - Market size and forecast 2022-2027 ($ million)
Exhibits 34: Data Table on Non-life insurance - Market size and forecast 2022-2027 ($ million)
Exhibits 35: Chart on Non-life insurance - Year-over-year growth 2022-2027 (%)
Exhibits 36: Data Table on Non-life insurance - Year-over-year growth 2022-2027 (%)
Exhibits 37: Market opportunity by Type ($ million)
Exhibits 38: Data Table on Market opportunity by Type ($ million)
Exhibits 39: Chart on Distribution Channel - Market share 2022-2027 (%)
Exhibits 40: Data Table on Distribution Channel - Market share 2022-2027 (%)
Exhibits 41: Chart on Comparison by Distribution Channel
Exhibits 42: Data Table on Comparison by Distribution Channel
Exhibits 43: Chart on Agency - Market size and forecast 2022-2027 ($ million)
Exhibits 44: Data Table on Agency - Market size and forecast 2022-2027 ($ million)
Exhibits 45: Chart on Agency - Year-over-year growth 2022-2027 (%)
Exhibits 46: Data Table on Agency - Year-over-year growth 2022-2027 (%)
Exhibits 47: Chart on Direct - Market size and forecast 2022-2027 ($ million)
Exhibits 48: Data Table on Direct - Market size and forecast 2022-2027 ($ million)
Exhibits 49: Chart on Direct - Year-over-year growth 2022-2027 (%)
Exhibits 50: Data Table on Direct - Year-over-year growth 2022-2027 (%)
Exhibits 51: Chart on Banks - Market size and forecast 2022-2027 ($ million)
Exhibits 52: Data Table on Banks - Market size and forecast 2022-2027 ($ million)
Exhibits 53: Chart on Banks - Year-over-year growth 2022-2027 (%)
Exhibits 54: Data Table on Banks - Year-over-year growth 2022-2027 (%)
Exhibits 55: Market opportunity by Distribution Channel ($ million)
Exhibits 56: Data Table on Market opportunity by Distribution Channel ($ million)
Exhibits 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 58: Impact of drivers and challenges in 2022 and 2027
Exhibits 59: Overview on Criticality of inputs and Factors of differentiation
Exhibits 60: Overview on factors of disruption
Exhibits 61: Impact of key risks on business
Exhibits 62: Vendors covered
Exhibits 63: Matrix on vendor position and classification
Exhibits 64: Achmea B.V. - Overview
Exhibits 65: Achmea B.V. - Product/Service
Exhibits 66: Achmea B.V. - Key offerings
Exhibits 67: Allianz SE - Overview
Exhibits 68: Allianz SE - Business segments
Exhibits 69: Allianz SE - Key news
Exhibits 70: Allianz SE - Key offerings
Exhibits 71: Allianz SE - Segment focus
Exhibits 72: AXA Group - Overview
Exhibits 73: AXA Group - Business segments
Exhibits 74: AXA Group - Key offerings
Exhibits 75: AXA Group - Segment focus
Exhibits 76: Fairfax Financial Holdings Ltd. - Overview
Exhibits 77: Fairfax Financial Holdings Ltd. - Business segments
Exhibits 78: Fairfax Financial Holdings Ltd. - Key offerings
Exhibits 79: Fairfax Financial Holdings Ltd. - Segment focus
Exhibits 80: Generali Hellas Insurance Co. S.A. - Overview
Exhibits 81: Generali Hellas Insurance Co. S.A. - Product/Service
Exhibits 82: Generali Hellas Insurance Co. S.A. - Key offerings
Exhibits 83: Inclusions checklist
Exhibits 84: Exclusions checklist
Exhibits 85: Currency conversion rates for US$
Exhibits 86: Research methodology
Exhibits 87: Validation techniques employed for market sizing
Exhibits 88: Information sources
Exhibits 89: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the life and non life insurance market in Greece: Achmea B.V., Allianz SE, AXA Group, Fairfax Financial Holdings Ltd., and Generali Hellas Insurance Co. S.A..

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is the integration of IT and analytic solutions.'

According to the report, one of the major drivers for this market is the digitalization of the insurance industry.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Achmea B.V.
  • Allianz SE
  • AXA Group
  • Fairfax Financial Holdings Ltd.
  • Generali Hellas Insurance Co. S.A.