( ENGLISH SUPPLEMENT)
Hellenic Insurance Market
Decreased by 9.1 %, the production of legal expenses insurance
According to the Hellenic Association of Insurance Companies’( HAIC) research, premium of Legal expenses insurance branch is estimated at € 38.3 million in 2014, decreased by 9.1 %, compared to 2013. 21 insurance companies-members of
HAIC participated in the survey, two of which are specialised in the particular businesses, while the remaining 19 were active in other insurance business as well. Compared with 2013, the participation of Legal Protection branch on non-life insurance remained stable at 1.8 %.
After HAIC’ s research, the following figures were recorded:
Contracts in force |
2.902.371 |
Claims |
17.439 |
Paid claims(€) |
1.194.177 |
Outstanding claims(€) |
4.141.757 |
Insurance indicators of individual Legal expenses covers were as follows:
|
Motor |
Family |
Business |
Other covers |
Total |
Frequency rate |
0.29 % |
8.82 % |
96.97 % |
0.50 % |
0.60 % |
Average claim(€) |
381 |
183 |
272 |
172 |
306 |
2,0 % 1,8 % 1,6 % |
1,87 % |
2,06 % |
1,99 % |
1,97 % |
1,87 % |
1,80 % 1,80 % |
1,83 % |
1,4 % |
|
|
|
|
|
|
|
1,2 % |
|
|
|
|
|
|
|
1,0 %
2006 2007 2008 2009 2010 2011 2012 2013 2014
90( ΑΠΡΙΛΙΟΣ 2016)