BUSINESS

Greek insurance sector backtracks in February

February saw a reversal of the growth trend in insurance activity, as data from the Hellenic Association of Insurance Companies (EAEE) posted a 5.6 decline on an annual basis.

This has more than offset the rise observed in January for a 1.9 percent total year-on-year decline in activity in 2017’s first couple of months.

Property damage insurance activity posted the biggest slide in February, amounting to 14.1 percent.

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