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, 2013

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $632
Life premiums 456
Total premiums $1,088
Percent of total world premiums 0.02%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

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LEADING NONLIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company EUR Mn USD Mn
General Insurance of Cyprus  56.2 74.7
CNP Asfalistiki  54.1 71.8
Pancyprian  31.7 42.0
Universal Life  30.3 40.3
Atlantic  24.0 31.8
AIG  23.5 31.2
Cosmos  20.1 26.7
Trust  18.1 24.1
Alpha  15.2 20.1
Prime  14.9 19.8

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company EUR Mn USD Mn
Eurolife  90.7 120.4
CNP Cyprialife  81.0 107.6
Universal Life  45.5 60.4
Metlife Alico  25.0 33.2
Prime  22.8 30.3
Allianz Hellas  20.6 27.4
Alpha  15.1 20.0
Hellenic Alico  11.4 15.2
Ethniki Insurance  5.8 7.7
Minerva  1.4 1.8

Source: Axco Insurance Information Services.

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