On December 5th, 2024, Law 5162/2024 was published, introducing significant amendments to Law 5116/2024 concerning mandatory insurance against natural disasters.

The amendments are two-fold: On the one hand the scope of mandatory insurance against natural disasters is extended to include smaller-scale businesses, while, on the other hand, mandatory private insurance against natural disasters is introduced for the first time for private-use vehicles.

The above amendment shall take effect on June 1st, 2025.

The full text of the Law can be found here: https://search.et.gr/el/fek/?fekId=774436