The Future of Business Insurance in Greece

The Future of Business Insurance in Greece

Strengths of the following greek insurance market. "The economic side" Although the official figures of the Greek economy appears to be weak, the real wealth and cash flow in Greece because of '"economy" can not be neglected and unnoticeable. Political corruption is one of the reasons why hundreds of thousands of Greeks to make money, tax free. Retail is the second reason. Greek is an IRS tax problems faced by retailers. The number of retail stores compared to the largest population in Europe, in Germany, for example, are stored on a per capita is 50 in Greece is one of the residents is 10 per store.

 The third reason comes from hundreds of thousands of professionals who practice their profession is scientific or technical. Doctors, lawyers, accountants, engineers, as well as a plumber and electrician painter g ฟ other workers. Many of these experts in one way or another to make managing their money to raise money for their services without having to sign a receipt that can be taxed. This wealth can be seen everywhere. The restaurants are fully booked most of the night of the week with a peak during the holiday will be observed that it is almost impossible to find a table for Sunday dinner or lunch Stores with expensive cars and travel, make sure that the Greeks do a lot of money and spend a lot of money. In this environment it is hard to believe that 75% of living Greece no longer has any kind of insurance for a house fire or earthquake. Like hundreds of thousands of stores. Similarly, life insurance is not in Greece, regardless of the fact that insurance companies operating in Greece for over 40 years! Average size of the current policies in force in Greece is less than 5,000 € It is estimated that the research done by Morax corporate training and training administration also publishes a monthly "Marketing Science" magazine, which shows that more than 500,000 Greek family can afford to pay anywhere from € 2,000 in order. Turn the € 5.000 € 100,000 a year for a policy that are profitable, well-known, but the company has always sought to take advantage of this market in an organized manner.

 Marketing of life insurance and accident, not in Greece, regardless of the status of the five national insurance companies. They are all based on a system of units sold almost exclusively to medical plans and pension plans to their individual unit linked products and freelance brokers do more than car insurance. In short, wealth is here and so are the demands of life and damage. Who decided to explore the possibility of Greece, Morax willing to verify the specific information. Almost all companies that suffer from medical plans and the cost is very low prize. The political advantage of being dispersed among the Greeks, most of the wealth created by the voters of both major political parties to vote in favor of them, one by one, family by family. Once they are in government with all kinds of people "special rights"! These are the voters, nearly 75% Considering the 500,000 families that are the bread winner as a professional with his service fee and the daily wage of a few hundred dollars, is "not normal" strange as it sounds, and the corruption of political management. to spread the wealth of Greece is more powerful than any other Those of the government make millions more secure. But make sure that other people are happy ... ... Want an example? A second-line managers in large state-controlled insurance companies have accepted early retirement to 50 years for ... € to 3500 € 1000000 trend on salaries and pensions! W and K and n - s s and -. State regulatory agencies can not work because of corruption in politics. The current government is more likely to lead the industry in order to continue, foreign insurance companies operating in Greece are wondering what will soon be improved. It 'interesting to note that the new regulatory body (Epeus), established under the apparently more effective control in insurance companies, largely funded by a consortium of insurance companies ... and will be They named him as an independent body.

The government is not "nail" the company. Only a small company that was set as the mean and a private company that does not have a "powerful friends"! Lack of supervision of the State over the past 40 years has allowed a number  of large operators. (Private and state-owned) companies to manage their motivation clear. misrepresent. Back and a lot of channeling funds to the richness of their staff, hundreds of companies from the coast were set up around the world in which is recorded in cash, and it is up to correct some of his own. State property for hundreds of millions of euros over 30 years, was dismissed from what had been disclosed to the public. The same is happening to individuals to buy property in the area that is about their legitimacy, it is difficult to establish. With the update of the value of a hundred or a thousand times, they are offering free property, especially real property is a legal reserve,  Agencies to accept declaration of an insurance company There is a special law to allow insurers to invest their reserves in subsidiaries that are not listed


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