Greece’s insurance industry started 2026 on a strong note, with premium production rising by double digits as demand for investment-linked life insurance products continued to accelerate, bringing the life insurance segment close to matching the size of the country’s non-life market.
According to data compiled by the Hellenic Association of Insurance Companies (EAEE), total insurance premiums reached €2.1 billion during the first four months of the year, representing a 10.5% increase compared with the same period in 2025.
The strongest momentum came from life insurance, where premium production climbed 16.1% to €1.016 billion, significantly outpacing the 5.7% growth recorded in non-life insurance, which generated €1.085 billion in premiums.
Unit-linked products lead the expansion
Premiums from unit-linked policies, which combine life insurance coverage with investment products, surged 28.7% year-on-year to €481 million, accounting for nearly half of all life insurance production during the period.
Group life insurance also recorded a sharp rebound, with premiums increasing 19.5% to €109.6 million, reversing the declines seen in the previous year. The performance marks a significant turnaround for the life insurance market, which struggled throughout much of 2025.
Although premium production moderated in April compared with the exceptionally strong first quarter, the slowdown largely reflected a difficult comparison with April 2025, which had been an unusually strong month following an otherwise subdued first half of the year.
Health insurance growth slows
Premium production in the health insurance category rose 4.8% to €195.9 million, making it one of the slower-growing major business lines despite continuing premium price increases across the sector.
Natural catastrophe coverage gains traction
Premiums covering natural catastrophe risks increased 9.1% during the first four months of the year, reaching €160 million and accounting for 14.7% of the non-life insurance market. The category is currently generating approximately €40 million in monthly premium production.
Motor insurance remains the largest non-life segment
Premium production reached €284.9 million, up 4.9% year-on-year, maintaining its position as the sector’s largest contributor despite slower growth than some of the market’s emerging categories.
