STATISTICS: CYPRIOT insurers' Q1 GWP up by 6.5% y-o-y

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.

GWP from non-life insurance lines totaled EUR 122.4 million (up by 4.7% y-o-y), while the life insurance segment generated premiums of EUR 112 million, or 8.7% more y-o-y.

In the analyzed period, the value of gross claims incurred was EUR 122.7 million (up by 15.9% y-o-y), of which EUR 54.4 million - life insurance, EUR 26.8 million - motor, EUR 23.9 million - accidents & health, EUR 12.5 million - fire, EUR 4.9 million - liability.

In life insurance, UNIVERSAL LIFE (a 42.2% market share as GWP) led the field ahead of EUROLIFE (18.8%) and CNP CYPRIALIFE (17%).

In non-life segment, the largest insurer as GWP was CNP ASFALISTIKI - 10.3% market share.

Access www.xprimm.com and download the 1Q2017 Cyprus insurance market statistics.

Share |

Related articles

STATISTICS: CYPRUS, 3Q: The GWP growth-rate was supported by both market segments

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.

2016-12-08

STATISTICS: CYPRUS, 1H2015: Market's status almost unchanged in the last 12 months

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.

2015-10-08

ON THE MOVE

Three new appointments at XL Catlin insurance operations

XL Catlin insurance operations announced on 4 June three appointments: Donnacha SMYTH as President Global Excess Casualty Insurance; Carla GREAVES as Chief Underwriting Officer, Global Excess Casualty; Aurelie FALLON SAINT-LO as Senior Underwriter, Environmental and Client & Distribution Leader for Western France.

07.06.2018

TOP EVENT

5th Annual Insurance Business Forum "Challenges of the Year 2018"

will take place on September 17-21, 2018 in Sochi
The upcoming Forum, supported by the All-Russian Union of Insurers (ARIA), will logically continue a detailed discussion of the most pressing issues previously raised at ARIA events in 2018: Insurance and Reinsurance International Congress in Moscow and Insurance International Conference in St. Petersburg.

12.06.2018

See all