STATISTICS: CYPRUS 3Q: The insurance market has passed the threshold of EUR 650 million at the end of September
The value of life GWP increased by 10% y-o-y to EUR 288 million, while the non-life insurers generated a volume of EUR 363 million (55.80% of total GWP), up by 5.2% y-o-y.
Including the death claims, maturities, surrenders and other insured events related to the life insurance segment, the total value of incurred life claims was approximately EUR 151 million, 4.6% less y-o-y.
On the non-life segment, most of the incurred claims were related to motor insurance - about EUR 133 million.
Access www.xprimm.com and download the 3Q2018 Cyprus insurance market statistics.