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:


 

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.
news latest5 July 2012

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.
news latest26 April 2012