Cyprus

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Location map
author: OCHA/ ReliefWeb


Location:
- Eurasian island located in the Eastern Mediterranean Sea;
- Cyprus is the third largest island in the Mediterranean Sea.
- Neighbours: Greece, Turkey, Syria, Lebanon, Egypt.

Climate:
- subtropical climate Mediterranean type of climate, with very mild winters (on the coast) and warm to hot summers;
- snow is possible only in the Mountains, in the central part of island;
- rains occurs mainly in winter, summer being generally dry.

Natural Hazards:
- moderate earthquake activity;
- droughts.

Macro indicators
* 2018 estimates
Surface:9,251km2
Population*:0.9million
Pop. density*:93.0people/km2
GDP*:20.7EUR billion
GDP/capita*:23,987.4EUR

European Union:
EU member, since 2004

Currency: Euro
Code: EUR
Since: 2008


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:44%
TOTAL NON-LIFE*:56%
Overall Motor*:21%

Sources:


 


Statistics

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Cyprus 1Q2022 Market Portfolio

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Cyprus 1Q2022 Insurance Companies Rankings


See all statistics

Latest news













Cypriot biggest life insurer appointed new CEO

At the beginning of June, UNIVERSAL Life - the Cypriot largest life insurer announced that its Board of Directors has decided to appoint Evan GAVAS as the new CEO - Chief Executive Officer of the Company.





CYPRUS: Insurance company refuses to help car knocked down by car in Cyprus

On the night of Sunday, 30 July, an 56-year-old tourist from Chelyabinsk Elena Lvovskaya was shot down near the Flamingo Beach Hotel in Larnaca. She was operated in the Central Hospital of Nicosia and will soon be withdrawn from the state of an artificial coma. Transportation of Elena to Russia will cost 50 thousand euros. The insurance company refuses to cover these costs. The culprit of the accident - 28-year-old Cypriot - was drunk at the time of the accident. She does not render any assistance to the victim.


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

Cypriot insurers reported aggregate GWP of EUR 234.4 million in the first three months of 2017, up by 6.5% y-o-y, according to the quarterly market figures published by the Insurance Association of Cyprus - IAC.