Cyprus

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Insurance Association of Cyprus
Web: http://www.iac.org.cy/

 

POPULATION, 2011-2014 (1)

Year Population
2011 1,120,489
2012 1,138,071
2013 1,155,403
2014 1,172,458

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $23.1
2010 22.9
2011 23.2
2012 23.8
2013 21.6

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $562
Life premiums 419
Total premiums $981
Percent of total world premiums 0.02%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2014

  Gross written premiums
Company EUR Mn USD Mn
General Insurance of Cyprus 52.9 70.2
CNP Asfalistiki 50.3 66.7
Universal Life 31.5 41.8
Pancyprian 29.0 38.5
Atlantic 22.6 29.9
Trust 21.6 28.7
AIG 21.4 28.4
Cosmos 18.8 25.0
Alpha 14.5 19.2
Prime 14.4 19.1

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2014

  Gross written premiums
Company EUR Mn USD Mn
Eurolife 83.5 110.8
CNP Cyprialife 72.8 96.5
Universal Life 46.3 61.4
Allianz Hellas 22.8 30.3
Prime 22.7 30.1
MetLife Alico 21.9 29.0
Alpha 15.2 20.1
Hellenic Alico 10.7 14.2
Ethhniki Insurance 7.2 9.6
Minerva 1.0 1.4

Source: Axco Insurance Information Services.

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