New publication: Chapter “Greece” in IEL Insurance Law
(Chapter drafted by em. Prof. Ioannis Rokas, Senior Partner, and Kosmas Karanikolas, Senior Associate, for IEL Insurance Law)
We are pleased to announce the release of the new edition of the collective, multijurisdictional book “Insurance Law” (ed. by Prof. Dr. Herman Cousy), forming part of the comparative law series “International Encypoaedia of Laws”, in which our Senior Partner, em. Prof. I. Rokas, along with our Senior Associate, Kosmas Karanikolas, have authored the Chapter for Greece.
The Chapter in question provides a concise overview of Insurance Law in Greece, seen from both a contractual and a regulatory viewpoint. The monograph :
- Briefly outlines the socio-political and economic environment of Greece and the current status of the local insurance market,
- Explores the fundamental aspects of all insurance contracts (insurable risks, contracts’ formation, parties’ obligations, etc.),
- Delves into the operation of individual classes of insurance which are prevalent in the local market, such as marine and MTPL insurance,
- Summarizes the essential regulatory provisions related to the pursuit of (re)insurance by insurance undertakings licensed in Greece or in other EEA countries, conducting cross-border activities, and
- Incidentally touches upon issues “peripheral” to private insurance, such as social insurance and taxation.
This contribution provides a valuable up-to-date perspective on Insurance Law in Greece, thus being a useful tool for both local and international professionals.
The chapter for Greece is available here: (pdf).