STATISTICS: CYPRUS insurance market declined by 3% in 2014
All in all, the GWP market portfolio consisted of about 41.8% - life insurance, 22.0% - motor insurance, 14.8% - fire insurance, 13.8% - accidents an health, 5.3% - liability, while the remaining 2.3% was accounted by other non-life classes.
In the life insurance segment, the Top 3 largest insurers remained the same as in 2013, with slight changes in the companies' market shares: EUROLIFE ranked first with a 27.5% market share, followed by CNP CYPRIALIFE with 23.9% and UNIVERSAL Life Company with a 15.2% market share.
In non-life insurance, GENERAL INSURANCE of Cyprus (12.5% market share) led the market, followed by CNP Asfalistiki (11.9%) and UNIVERSAL (7.4%).
Access www.xprimm.com and download the FY2014 Cyprus insurance market statistics.
- Market portfolio (GWP/ Claims/ Growth rates)
- Life and non-life market rankings (GWP/ Market shares/ Growth rates)