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Greece:

The ETHNIKI Hellenic General Insurance Company

The ETHNIKI Hellenic General Insurance Company, founded in 1891, is the largest insurance company in Greece with 24.3% of the life business, 18% of the non-life business and approximately 30% of the group life, health, disability, and pension market.

Most of the ETHNIKI's branches, including the Group Insurance Division, have achieved ISO 9002 certification and comply with the Sarbanes-Oxley Act. The ETHNIKI was the first Hellenic insurance company to be certified according to ISO protocols. The ETHNIKI was also the first insurer in Greece to offer a Deposit Administration pension fund contract.

The ETHNIKI's head office is located in Athens with 48 branches throughout the country, and it employs an experienced and knowledgeable staff of 1,202 people and over 5,000 field agents. The principal shareholder of The ETHNIKI is the National Bank of Greece, the country's largest bank and a major international financial institution.

The ETHNIKI has total assets of EUR 2.906 billion (USD 3.777 billion), total income of EUR 947 million (USD 1,231 million), and an annual premium volume of EUR 1,021 million (USD 1,327 million). Premium volume for group business is EUR 169 million (USD 226 million). The ETHNIKI retains 95% of its group business on an annual basis.

The ETHNIKI has been an IGP Network Partner since 1968.

Key Products


Life


  • Life
  • Accidental Death and Disability
  • Permanent and Total Disability

Disability


  • Long-Term Disability
  • Short-Term Disability

Medical


  • Hospital and Surgical
  • Major Medical

Pensions


  • Managed Funds
The ETHNIKI is located on the internet at: www.ethniki-asfalistiki.gr.
(Information available in Greek.)