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