Page 35 - Turkinsurance Digital Magazine

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Insurance premiums in Greece (in millions of USD)

6.884
5.781 5.405 5.049
3.962 3.905 4.202

2011 2012 2013 2014 2015 2016 2017

further went down to 3,962 million USD in 2015 and 3,905 Insurance Spending in overall GDP
million USD in 2016. A slight growth in 2017 increased premi-
um production up to 4.202 million USD, which continued along 2,25%
2018 and brought it up to 4 billion 439 million USD. 2,20%
2,20%
Likewise, premium per capita figures follow a declining trend as 2,15% 2,10%
well. Average premium per capita stood at 386 USD as of 2017.
This indicator stood at 358 USD In 2016, 361 USD in 2015, 2,10% 2,05%
456 USD in 2014, 480 USD in 2013, 511 USD in 2012, and 2,05%
698 USD in 2011. 1,99% 1,98%
2,00%
Another declining trend is observed in the ratio of insurance 1,95%
spending to gross domestic product. 2.05 percent of the GDP 1,90%
was allocated to insurance payments in 2017, which was 1.98
percent in 2016, 1.99 percent in 2015, 2.10 percent in 2014, 1,85%
and 2.20 percent in 2013. 2013 2014 2015 2016 2017

Average premium per capita (USD)

700

600

500

400
608,47
300
511,12 480,03
200 456,57 361,10 358,63 386,66

100
0
2011 2012 2013 2014 2015 2016 2017

Zeynep Tütüncü / zeynept@bestyayincilik.com