Cyprus
STATISTICS: CYPRUS, FY2019: The market accelerated almost 4% y-o-y
Last year, the insurance industry of Cyprus totaled EUR 892 million, up by almost 4% y-o-y, according to end-year preliminary market figures published on the IAC website - the local professional association.
16 April 2020STATISTICS: SEE, 3Q2019: regional market expanded more than a quarter in Q3 2019 to EUR 11.5 billion
At the end of 3Q2019, the SEE insurance market (inclusing Cyprus, Greece and Turkey) totaled about EUR 11.5 billion in GWP, 26.44% more y-o-y, according to preliminary figures centralized by XPRIMM.
23 January 2020STATISTICS: CYPRUS, 3Q2019: Non-life insurers supported the market GWP positive rate
The Cypriote insurance market increased by 4.66% y-o-y at the end of 3Q2019 according to the data published by The Insurance Association of Cyprus - IAC, amounting to a figure over EUR 678.55 million in GWP.
12 December 2019STATISTICS: CYPRUS, 1H2019: Half-year premiums production maintained on ascending path by non-life LOBs
During January-June 2019, the Cypriot insurance industry increased by 2.5% y-o-y to EUR 468 million, according to half-year market figures published on the IAC website - the local professional association.
5 December 2019STATISTICS: CYPRUS insurers' Q1 GWP compressed by 1.2% y-o-y
Cypriot insurers reported aggregate GWP of EUR 250.6 million in the first three months of 2019, down by 1.2% y-o-y, according to the quarterly market figures published by the Insurance Association of Cyprus - IAC.
13 June 2019French takeover of CNP Cyprus will invigorate insurance sector
9 June 2019Cypriot economy grows by 3.2% in Q1 2019
9 June 2019CYPRUS: BoC offloads unwanted CNP insurance for EUR 97.5 mln
9 June 2019Cyprus: CNP Assurance acquires Bank of Cyprus stake in insurance units
CNP Cyprus Insurance Holdings announced that its majority shareholder - the France's insurer CNP Assurances which owns 50.1% of its share capital, came to an agreement with Bank of Cyprus to acquire the remaining 49.9% stake in CNP Cyprus Insurance Holdings.
5 June 2019Bomb explosion at Nicosia insurance company
23 May 2019Legal saga over Olympic Insurance's liquidation
8 May 2019CYPRUS: Health insurance GWP increased by 12.6% in 2018
Insurance Association of Cyprus (IAC) figures show an increase of EUR 17.8 million (+12.6%) in the local market Health insurance business line; the segment reached EUR 159.2 million in 2018.
2 May 2019STATISTICS: CYPRUS, FY2018: Insurance market expanded by 7% y-o-y
The insurance market of Cyprus totaled about EUR 871.5 million at the end of 2018, up by 7% y-o-y, according to year-end market figures published by the Insurance Association of Cyprus, IAC.
4 April 2019CYPRUS: new insurance system for farmers to be launched in 2019
The cabinet of Ministers approved in February, 2019 the creation of a new insurance system for farmers that seeks to offer financial support to producers of all crops, as well as for sheep and goat farmers.
28 February 2019CYPRUS: Hellenic Bank is to revise its activities in the insurance sector
Hellenic Bank is about to revise its insurance activities to discover the best alternatives for the subsidiary insurance companies, according to the portal insuranceworld.gr of Ethos Media.
7 February 2019STATISTICS: CYPRUS 3Q: The insurance market has passed the threshold of EUR 650 million at the end of September
The nine months report on insurers' performance published by the Insurance Association of Cyprus (IAC), shows that at the end of September 2018 the local insurance market totaled EUR 651 million in premiums, up by 7.2% y-o-y.
20 December 2018STATISTICS: CYPRUS, 1H2018: Local insurance industry increased in almost all LoBs
During the first half of the current year, the local insurance industry increased in almost all business classes, with total GWP being up by almost 8% to EUR 458 million, according to half-year market figures published on the IAC website - the local professional association.
11 October 2018UPDATE: New findings suggest Olympic Insurance was already bankrupt in 2015
The Cypriot Auditor General Odysseas MICHAELIDES claimed that his office had spotted Olympic's insolvency issues during a 2014 audit. Yet, the situation broke out only four years later, when the company went bankrupt leaving some 200,000 clients uninsured.
30 August 2018Olympic's 200,000 drivers in Cyprus and Bulgaria without cover
29 August 2018London Club to set up a new office in Cyprus over Brexit
British ship insurer London P&I Club will set up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access, wrote Reuters.
6 August 2018
