The financial crisis that struck Cyprus in 2012 has seriously harmed the country's economy, but in turn may have created greater opportunities in the insurance sector Foreseeing a large-scale financial crisis is something that not many can claim genuine credit for. While some have insisted they knew all along that an economic downturn was on the horizon, there are only few examples of companies preparing for such a devastating event. There is no more obvious an example of a country burying its head in the sand than that of Cyprus.

While the Mediterranean island became a heaven for international investors over the last decade, successive governments during this period have been blamed for not updating the regulatory framework and curbing excessive spending in order to prepare for any eventual downturn.

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Interview with Christos Christodoulou, CEO, Trust Insurance Cyprus
Financial Crisis may have created greater opportunities in CYPRUS' insurance sector