The insurance market of Cyprus proved itself to be build on really strong foundations after the research conducted  by the IAC (Insurance Association of Cyprus) regarding the economic results for the first quarter of 2012 with the total premium production maintaining a positive growth of 2.04% from the same period in 2011.

In order for the Cyprus insurance market to keep its profit course proceeded in various fast changes in the system from company mergers, complying with new legislations, to canceling several non-profitable insurance programs.

Total premium production reached EUR 225 million in the first trimester of 2012 against EUR 220 million in 2011 with Non-Life insurances gaining a 5.8% over the first trimester of 2011 thus keeping the market in the profit path.

In the Life branches now, a slight drop was noticed by -2.31% over the first quarter of 2011 with a total premium production in 2012 of EUR 100 million against EUR 102 million in 2011. In detail, noteworthy is the branch of A&H insurance (accident&health) with a 9.61% increase for the first trimester of 2012.


Access www.xprimm.com and download the 1Q2012 Cyprus insurance market statistics.

•    Market portfolio (GWP/Claims/Growth rates)
•    Life and non-life market rankings (GWP/Market shares/Growth rates)