Find Insurance and Reinsurance expertise in Cyprus
There are approximately 40 insurance companies in Cyprus, the majority of which provide general insurance services. In 2009 a further 343 insurance companies based in the European Union (EU/EEA) were licensed to provide insurance services in Cyprus. As Cyprus has a relatively small domestic insurance market, insurance services are also exported – mainly to the EU but also to selected markets such as Russia and countries in the Middle East. The sector is regulated by the Insurance Company Control Service, which is complemented by several self-regulatory industry bodies, such as the Cyprus Association of Actuaries and the Institute of Certified Public Accountants.