Total FY2017 GWP amounted to EUR 816.6 million, compared to EUR 765.3 million in 2016, representing a healthy 6.5% growth, according to the market figures published by the Insurance Association of Cyprus - IAC.
19 April 2018
The quarterly report on insurers' performance published by the Insurance Association of Cyprus (IAC), shows that at the end of September 2017 the local insurance market totaled EUR 605.6 million in premiums, up by 6.6% y-o-y.
14 December 2017
In the first half of the year, the total volume of GWP by the Cypriot insurers member of IAC - the local professional association - was EUR 427 million, up by 6% y-o-y.
28 September 2017
On the night of Sunday, 30 July, an 56-year-old tourist from Chelyabinsk Elena Lvovskaya was shot down near the Flamingo Beach Hotel in Larnaca. She was operated in the Central Hospital of Nicosia and will soon be withdrawn from the state of an artificial coma. Transportation of Elena to Russia will cost 50 thousand euros. The insurance company refuses to cover these costs. The culprit of the accident - 28-year-old Cypriot - was drunk at the time of the accident. She does not render any assistance to the victim.
7 August 2017
The buyer of Laiki bank's subsidiary in Ukraine was "gifted" the bank along with a EUR 1.5m to top it off, former Laiki depositors (Sykala) alleged on Monday.
22 June 2017
Cypriot insurers reported aggregate GWP of EUR 234.4 million in the first three months of 2017, up by 6.5% y-o-y, according to the quarterly market figures published by the Insurance Association of Cyprus - IAC.
22 June 2017
Cypriot insurers posted aggregate GWP of EUR 764 million last year, up by 2.6% y-o-y, according to the FY2016 market statistics published by the Insurance Association of Cyprus - IAC.
27 April 2017
According to the quarterly report on insurers' performance published by the Insurance Association of Cyprus (IAC), at the end of September 2016 the local insurance industry totaled EUR 565 million in GWP, up by 2.7% y-o-y. Per business segments, the value of life GWP was up by 3.3% y-o-y to EUR 235.7 million, while the non-life insurers generated a volume of EUR 329.4 million (approximately 58.3% of the total premiums), up by 2.4% y-o-y.
8 December 2016
According to the figures published by the Insurance Association of Cyprus - IAC, in the first half-year, the total volume of gross written premiums by the member companies totaled EUR 400 million, up by 4.8% y-o-y. According IAC's web-site, there are 29 insurance company members which account for about 95% of the annual GWP.
13 October 2016
At the end of March 2016, the insurance market of Cyprus totalled about EUR 218 million or 13.5% more than in the first quarter of 2015, according to a report of the Insurance Association of Cyprus.
4 August 2016
According to data published by the Insurance Association of Cyprus - IAC, last year, the total volume of GWP by the member companies remained approximately at the FY2014 level: EUR 732 million, up by 0.68% y-o-y.
7 April 2016
The total registrations of motor vehicles has increased by just over 15%
according to recent figures released by the Statistical Service of
Cyprus (Cystat).
24 February 2016
If you're going to Spain, Malta or Cyprus you'll now pay more for your travel insurance. This
is because the cost of medical treatment in some of these sunny holiday
hotspots is rocketing. That's because they are starting to rely more on
private healthcare for tourists to help to ease the strain on public
resources.
16 February 2016
According to the quarterly report on insurers' performance published by the Insurance Association of Cyprus (IAC), between January and September 2015 the local insurance industry remained approximately at the 3Q2014 level, the volume of gross premiums written by the member companies totaling EUR 550 million (up by 0.2% y-o-y).
8 December 2015
According to the figures published by the Insurance Association of Cyprus - IAC, in the period January-June 2015, the total volume of gross written premiums by the member companies remained approximately at the 1H2014 level: EUR 381.74 million, down by 0.03% y-o-y. According IAC's web-site, there are 28 insurance company members which account for about 95% of the annual GWP.
8 October 2015
Cypriot insurers posted aggregate gross written premiums of EUR 191.92 million in the first three months of 2015, down by 2.19% y-o-y, according to the quarterly market statistics published by the Insurance Association of Cyprus - IAC. At the same time, in the analyzed period, the local insurers paid about EUR 115 million in life and non-life claims.
25 June 2015
Cypriot insurance companies saw their premiums in both life and non-life
business follow a downward path as claims remained comparatively high,
official data showed.
26 May 2015
Progressive Insurance, a leading general insurance provider in Cyprus,
has just introduced a mixed policy that includes motor, as well as home
cover.
8 April 2015
At the end of 2014, the Cypriot insurance market totaled EUR 727 million, recording an annual decrease of 3%, according to the figures published by the Insurance Association of Cyprus (IAC). The value of paid claims declined by 26% y-o-y to EUR 459 million. In case of life insurance, IAC reported a negative dynamic of 4.7% y-o-y to EUR 304 million while in case of non-life insurance segment, the decrease was 1.9% y-o-y to EUR 423 million.
2 April 2015
Hourly labour costs in the financial and insurance activities sector
were at least twice as high as the national average for the total
economy in 2012 in Cyprus (+106%), as well as in Portugal (+167%),
Romania (+136%), Latvia (+113%) and Hungary (+110%).
17 December 2014