Reinsurance in Greece, Key Trends and Opportunities to 2017

Date: 2015-09
Pages:69
Price:

The Greek reinsurance segment registered a compound annual growth rate (CAGR) of -0.31% during the review period (2008โˆ’2012), in the presence of both the global financial crisis and European sovereign debt crisis. During the review period, the premium ceded to reinsurance by Greek direct insurers decreased at a CAGR of -3.4% during the review period. Ceded premium increased briefly in 2009, but declined consistently after that. The global financial crisis and a decline in overall insurance premium decreased the premium ceded towards reinsurers; the non-life insurance segment ceded 75.6% of the total ceded premium.

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