Cyprus
CYPRUS: VAT rules for insurance and finance companies
New regulations establish the value added tax (VAT) rules for
transactions involving the possession, repossession, and resupply of
goods by insurance and finance companies.
CYPRUS: Less motor vehicles registered in first half of 2012
Registrations of Motor Vehicles decreased in the first half of 2012.
CYPRUS, 1Q2012 rezults: Fast changes bring rapid results
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.
CYPRUS: a premium destination for insurers, with large room for expansion
Over 34 insurance companies operate currently in Cyprus mainly revolved around the domestic market in the past. As an EU member at the moment, the island has attracted some major international industry players having a key role serving the markets of the Eastern Mediterranean, Middle East, Russia and the CIS region.

11 October 2012