A new report published by the Association of Insurance Companies in Greece indicates that the insurance market is expected to grow by 5.6% in 2025 compared to the previous year. This growth reflects a total insurance production of approximately 6.01 billion euros, marking a significant upward trend in the sector. The report breaks down the production data into various segments, showing both life and non-life insurance rates.

Specifically, the life insurance segment is projected to reach around 2.81 billion euros, representing a growth of 2.7%, while the non-life insurance segment is on track to achieve approximately 3.20 billion euros, which is an 8.3% increase. Notably, the report highlights a focused growth in vehicle liability insurance, which is expected to grow by 6.7%. The data suggests that the overall confidence in the insurance market is strengthening as economic conditions improve.

This growth in the insurance sector comes at a time when many industries are recovering from the impacts of recent economic challenges. The increase in both life and non-life insurance production indicates a broader trend of consumers seeking more coverage and financial security. As the insurance market adapts to changing consumer needs and expectations, this growth could have positive implications for economic stability and development in Greece.