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Research and Markets: Non-Life Insurance in Cyprus, Key Trends and Opportunities to 2017
[April 29, 2014]

Research and Markets: Non-Life Insurance in Cyprus, Key Trends and Opportunities to 2017

DUBLIN --(Business Wire)--

Research and Markets ( has announced the addition of the "Non-Life Insurance in Cyprus, Key Trends and Opportunities to 2017" report to their offering.

Losses in the Cypriot banking sector due to high exposure to Greek sovereign and corporate debt impacted the country's economic growth. Cyprus became the fifth country in Europe to receive a bailout, amounting to EUR10 billion (US$13.9 billion) in 2012, and ongoing government-adopted austerity measures constrained private and public sector consumption.

The country also recorded a decline in construction activity and automobile sales, which impacted the demand for non-life insurance products. Motor insurance accounted for a 52% share of the segment's gross written premium in 2012, followed by property insurance with 34.1%. The segment is highly concentrated with the 10 leading insurers ollectively accounting for a 74.3% share in 2012. Due to the government reforms, general business improvement measures will encourage growth in the segment over the forecast period (2012-2017).

The report provides in depth market analysis, information and insights into the Cypriot non-life insurance segment, including:

  • The Cypriot non-life insurance segment's growth prospects by non-life insurance categories
  • Key trends and drivers for the non-life insurance segment
  • The various distribution channels in the Cypriot non-life insurance segment
  • The detailed competitive landscape in the non-life insurance segment in Cyprus
  • Detailed regulatory framework of the Cypriot insurance industry
  • A description of the non-life reinsurance segment in Cyprus
  • Porter's Five Forces analysis of the non-life insurance segment

Key Topics Covered:

1 Executive Summary

2 Introduction

3 The Cypriot Insurance Industry Attractiveness

4 Non-Life Insurance Outlook

5 Analysis by Distribution Channels

6 Porter's Five Forces Analysis - Cypriot Non-Life Insurance

7 Reinsurance Growth Dynamics and Challenges

8 Governance, Risk and Compliance

9 Competitive Landscape and Strategic Insights

10 Business Environment and Country Risk

11 Appendix

Companies Mentioned:

  • AIG Europe Ltd
  • Allianz Hellas SA
  • Atlantic Insurance Company
  • Commercial General Insurance
  • Cosmos Insurance Company Public Ltd
  • General Insurance Company of Cyprus Ltd
  • Laiki Insurance Ltd
  • Pancyprian Insurance Ltd
  • Prime Insurance Company Ltd
  • Trust International Insurance Company (Cyprus) Ltd

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