Top insurance companies in Cyprus

When deciding what insurance provider to purchase a policy from, there’s more to consider than the cost of a contract.

This guide will examine what constitutes the best insurance plans and insurance providers in Cyprus.

We assessed the costs of contracts and surveyed our clients on various criteria to determine the top insurance companies in Cyprus.

We will present the findings of our survey with you throughout this guide.

Table of contents

  • Top insurance companies in Cyprus
  • Top car insurance companies in Cyprus
  • List of insurance companies in Cyprus
  • Insurance companies in Cyprus
  • Top insurance company in Cyprus

Top insurance companies in Cyprus

Name Claim Management Price Customer Satisfaction Variety of Products Overall Score
Pitsas Insurance 10 9 10 9 9.5
Allianz 10 7 10 9 9
Atlantic Insurance 9 9 10 7 8.75
Abbeygate Insurance 8 9 9 8 8.5
AIG 10 8 10 6 8.5
Altius Insurance 8 8 8 9 8.25
Ethniki Insurance 8 8 8 9 8.25
Prime Insurance 8 7 8 9 8
Cyprialife 9 9 8 6 8
MetLife Insurance 9 8 9 6 8
Lumen Insurance 9 8 8 7 8
Eurolife Insurance 9 9 8 6 8
Aetna Insurance 10 6 10 6 8
CNP Asfalistiki 9 8 8 6 7.75
General Insurance 9 8 8 6 7.75
Minerva 8 8 8 7 7.75
Progressive Insurance  8 8 8 7 7.75
Royal Crown Insurance 8 8 8 7 7.75
Ydrogeios 8 8 8 7 7.75
Bupa Insurance 10 5 10 6 7.75
Hydra 7 8 8 7 7.5
Hellas Direct 8 8 9 5 7.5
Commercial Insurance 8 8 7 7 7.5
Cosmos Insurance 7 8 8 7 7.5
Eurosure 7 8 8 7 7.5
SoEasy Insurance 8 7 7 8 7.5
Trust Insurance 7 9 7 7 7.5
KLPP Insurance 9 7 8 6 7.5
Universal Life 8 9 7 6 7.5
Arch Insurance 9 7 8 6 7.5
Top Quotes 7 8 8 7 7.5
Gan Direct 6 10 6 6 7
Anytime Insurance 6 10 6 5 6.75

 

Top car insurance companies in Cyprus

Name Claim Management Price Customer Satisfaction Overall Score
Pitsas Insurance 10 9 10 9.7
AIG 10 8 10 9.3
CNP Asfalistiki 10 8 9 9
Altius 9 8 8 8.3
Ydrogeios 8 8 9 8.3
Atlantic 8 8 8 8
Abbeygate 8 8 8 8
Lumen Insurance 9 7 8 8
Allianz 8 7 9 8
Prime Insurance 8 8 8 8
Arch Insurance 8 7 8 7.7
KLPP Insurance 8 7 8 7.7
Progressive Insurance 8 7 8 7.7
Top Quotes 7 8 8 7.7
Trust Insurance 7 9 7 7.7
Commercial Insurance 8 8 7 7.7
Cosmos Insurance 7 8 8 7.7
Eurosure 7 8 8 7.7
Genikes Insurance 8 7 7 7.3
Ethniki  8 7 7 7.3
SoEasy Insurance 7 8 7 7.3
Hydra 7 7 8 7.3
Minerva 7 7 8 7.3
Royal Crown Insurance 7 8 7 7.3
Gan Direct 5 10 6 7
Anytime Insurance 6 10 5 7

 

List of insurance companies in Cyprus

Name  Telephone Website Classes of Insurance
Pitsas Insurance +357 70070500 www.pitsasinsurances.com Life, Non-life
Allianz +357 77770110 www.allianz.com.gr/allianz-cyprus.html Life
Atlantic Insurance +357 22886000 www.atlantic.com.cy Non-life
Abbeygate Insurance +357 26 819175 www.abbeysure.com Non-life
AIG +357 22699999 www.aig.com.cy Life, Non-life
Altius Insurance +357 22379999 www.altiusinsurance.net Non-life
Ethniki Insurance +357 22841000 www.ethnikiinsurance.com Non-life
Prime Insurance +357 22896000 www.primeinsurance.eu Life, Non-life
Cyprialife +357 22111213 www.cnpcyprus.com Life
MetLife Insurance +357 22845845 www.metlife.com.cy Life
Lumen Insurance +357 22353625 www.pminsurancebrokers.com/insurance-partners/lumen-insurance Non-life
Eurolife Insurance +357 22124000 www.eurolife.com.cy Life
Aetna Insurance +357 80090010 www.aetnainternational.com Life
CNP Asfalistiki +357 22887600 www.cnpcyprus.com Non-life
General Insurance +357 22128700 www.gic.com.cy Non-life
Minerva +357 22551616 www.minervacy.com/en Non-life
Progressive Insurance +357 22758585 www.progressiveic.com Non-life
Royal Crown Insurance +357 22885555 www.royalcrowninsurance.com Non-life
Ydrogeios +357 24200800 www.ydrogios.com.cy Non-life
Bupa Insurance +353 17617331 www.bupaglobal.com/en/private-health-insurance/cy Life
Hydra +357 22454700 www.hydrainsurance.com Non-life
Hellas Direct +30 212 222 9999 www.hellasdirect.gr/en Non-life
Commercial Insurance +357 22505000 www.cgi.com.cy Non-life
Cosmos Insurance +357 22796000 www.cosmosinsurance.com.cy Non-life
Eurosure +357 22882500 www.eurosure.com Non-life
SoEasy Insurance +357 22055055 www.soeasyinsurance.com.cy Non-life
Trust Insurance +357 22 050100 www.trustcyprusinsurance.com Non-life
KLPP Insurance + 357 25057525 www.klppinsurance.com Non-life
Universal Life +357 22882222 www.universallife.com.cy Life
Arch Insurance +353 1 531 7709 www.insurance.archgroup.com Non-life
Top Quotes +357 26 27 28 24 www.topquotes.com.cy Non-life
Gan Direct +357 80051015 www.gandirect.com Non-life
Anytime Insurance +357 80088800 www.anytimeonline.com.cy Non-life
American Hellenic Hull Insurance +357 25584545 www.ahhic.com Non-life
Ancoria Insurance +357 22551300 www.ancoria.com Life
Hellenic Life Insurance +357 22501581 www.helleniclife.com Life
Kentriki Insurance Company +357 22745745 www.kentriki.com.cy Non-life
Interamerican Insurance +30 2109462000 www.interamerican.gr Non-life
Pancyprian Insurance +357 22743743 www.pancyprianinsurance.com Non-life

 

Top Insurance companies in Cyprus

Pitsas Insurance 

Pitsas Insurances played an instrumental part in the development of the Cypriot insurance market when it first opened for business in 1985.

Nearly 40 years on, the company now conducts business in over 40 countries with over 10,000 clients and cooperates with key underwriters worldwide, making it one of the most significant insurance providers in Cyprus.

Pitsas Insurances also pioneered insuring foreign businesses and expatriates on the island and is now the top choice for international companies and expats in Cyprus.

Thousands of clients and families trust Pitsas Insurances every day for essential personal insurance, and thousands more businesses for commercial insurance.

In addition to the basics, Pitsas Insurances Cyprus provides specialist insurance for specialised coverage, such as personal accident, general liability, travel, and marine insurance.

Insurance companies Cyprus

Pitsas Insurances Cyprus website. https://www.pitsasinsurances.com/en/

Allianz Insurance 

Allianz Insurance has been in business for over 25 years, providing private insurance services in Cyprus.

The company provides many insurance solutions to cover many needs, from the essentials like car, home, and health insurance to other specialised insurance coverage.

The customer is the company’s primary focus, and it incorporated a branch in Cyprus, aiming to expand its client base with the “global family” of Allianz and to develop its customer service.

Allianz Insurance website. https://www.allianz.com.gr/allianz-cyprus.html

Atlantic Insurance 

Atlantic Insurance was founded in 1983 and provides a wide range of personal and commercial insurance plans for the Cypriot market.

Atlantic Insurance has a customer-centric focus with a philosophy built on trustworthiness for customers in need.

The company is centrally located with easily accessible offices across Cyprus staffed by multilingual personnel who provide a friendly and professional service.

Atlantic Insurance website. www.atlantic.com.cy

Abbeygate Insurance 

Abbeygate Insurance soon became one of the largest insurance brokers for expatriates in the country after it was established in 2006.

The company provides insurance with a high level of coverage, all designed explicitly for expatriates with top insurers.

The company’s offerings include personal and commercial insurance, including life, home, and liability insurance.

Abbeygate Insurance are known for their friendly and competent service.

Abbeygate Insurance website. https://www.abbeysure.com/

AIG Insurance 

AIG Insurance, otherwise known as American International Group, is a top international insurance company that operates in over 100 countries and jurisdictions.

AIG companies serve clients in institutional, commercial, and individual parameters through one of the biggest worldwide property-casualty networks.

The companies provide property-casualty, retirement services, life, and general insurance worldwide.

Not all AIG products and services are available in every jurisdiction, and each policy’s unique terms control what it can cover.

AIG Insurance doesn’t provide its services directly to customers. Pitsas Insurance is the top representative of AIG in Cyprus.

AIG Insurance website. www.aig.com.cy

Altius Insurance 

Altius Insurance was established in 1993. It was previously named Alpha Insurance Ltd.

The company was renamed Altius Insurance by a group of investors who joined forces to govern the company.

The company provides individual and commercial insurance options, including health, life, and car insurance.

Altius Insurance website. https://www.altiusinsurance.net/en/

Ethniki Insurance 

Ethniki Insurance Ltd, together with Ethniki General Insurance (Cyprus) Ltd, are subsidiaries of Ethniki Insurance (Greece).

The company cooperates with an evolving network of insurance intermediaries and provides quality insurance products, with headquarters in Nicosia.

Through the assistance of experienced administrative staff, Ethniki Insurance provides professional insurance services to customers and partners.

The company covers modern needs through various innovative insurances, including life, property, health, personal accident insurance, savings and investment programs.

Ethniki Insurance website. http://www.ethnikiinsurance.com

Prime Insurance 

Prime Insurance aims to offer their clients high-quality insurance products with a personable touch to satisfy their customer’s insurance and financial needs.

The company also prioritises education for insurance advisors and trains them in partnership with their company.

Prime Insurance core philosophy is to serve its clients in every possible way.

Prime Insurance website. www.primeinsurance.eu

Cyprialife Insurance 

Cyprialife Insurance was established as an innovative life insurance provider in 1995.

Cyprialife provides its clients with private investment and savings plans and a portfolio of insurance products, accommodating to life, accident and medical insurance needs.

The company provides a high level of service through the assistance of friendly employees and an extensive network of insurance agents.

Cyprialife Insurance maintains their excellent claim satisfaction ratios through their reliability and trustworthiness.

Cyprialife Insurance website. www.cnpcyprus.com

MetLife Insurance 

Founded in 1868, MetLife Insurance began operating in Cyprus in 1955, providing life, accident, health, and group employee insurance.

Through its subsidiaries and affiliates, MetLife is one of the biggest life insurance companies in the world. As an international insurance provider, the company’s portfolio of products includes life insurance, annuities, employee benefits, and asset management.

MetLife is the biggest life insurance company in the USA. It operates in nearly 50 countries, serving around 100 million customers globally.

MetLife Insurance website. https://www.metlife.com/insurance/

Lumen Insurance 

Prodromou & Makriyiannis Insurance (P&M Insurance) are General Agents and Attorneys of the company Lumen Insurance Cyprus.

Lumen Insurance is a trading name of the general insurance company GasanMamo Insurance Ltd, regulated by the Financial Services Authority of Malta, which has a branch in Cyprus.

The company has a portfolio of various insurance products, including motor, property, and liability insurance.

Gasan Mamo is the second-biggest insurance provider in Malta and works alongside some of the world’s biggest reinsurers.

Lumen Insurance website. https://www.pminsurancebrokers.com/insurance-partners/lumen-insurance/

Eurolife Insurance 

Eurolife Insurance is a subsidiary of the Bank of Cyprus. It was established in 1989 and was one of the life insurance pioneers in Cyprus.

Today, EuroLife offers individual and group insurance for health, life, and accident needs.

The company offers tailored insurance to their customers with the help of its professional sales personnel.

Eurolife Insurance focuses on tailoring its products to customers’ needs and building relationships built on transparency.

Certified by the Investors in People, Bronze international quality standard, the company has over 200 insurance advisors and over 100 employees.

Eurolife Insurance website. http://www.eurolife.com.cy

Aetna Insurance 

Aetna is a specialist healthcare insurance company that was established in 1853 in Connecticut.

Aetna Insurance has an extensive network that comprises around 12 million dental members, over 1 million healthcare professionals, 13 million pharmacy-benefit management services members, over 22 million medical members, 5,700 hospitals, and 690,000 primary care doctors and specialists.

Allianz Partners recently took on Aetna Insurance’s European portfolio.

Aetna Insurance website. https://www.aetnainternational.com/

CNP Insurance 

CNP Insurance offers life insurance products under the CNP Cyprialife Insurance brand and general insurance products under the CNP Asfalistiki Insurance brand.

CNP Asfalistiki was established in 1981 and played a leading role in the evolution of general insurance products in Cyprus.

The company thrives on a person-centred approach and works to provide its clients with well-balanced insurance plans.

CNP Insurance is in a strategic partnership with the French insurance brand CNP Assurances.

CNP Insurance website. https://www.cnpasfalistiki.com/en/cnp-asfalistiki

General Insurance 

General Insurance was established in Cyprus in 1951 by the Bank of Cyprus and progressed the development of the insurance industry’s values in the country.

General Insurance is considered a reliable insurance company that provides a high level of service.

The company offers balanced and high-cover insurance products for professionals, businesses, and individuals and is personable throughout claims handling and sales.

General Insurance website. https://www.gic.com.cy/en-gb/homepage/

Minerva Insurance 

Minerva Insurance has been operating for more than 50 years and has over 4200 registered shareholders since the company transitioned into a public company in 1997.

The company has twelve branches in Cyprus, providing personal and business insurance to all customers with a friendly touch.

Minerva Insurance cooperates with more than 170 insurance distributors and over 130 employees work for their company.

Minerva Insurance website. https://minervacy.com/en/

Progressive Insurance 

Progressive Insurance opened for business in 1991, specialising in general insurance.

The company prioritises customer relationships and places importance on maintaining the values that have formed its brand identity over time.

The company is known as a trustworthy and reliable insurance provider in Cyprus, with a successful claims satisfaction ratio that reflects their level of service.

Progressive Insurance strives for transparency, adaptability, reasonability, and excellent customer service.

Progressive Insurance website. https://progressiveic.com/en/

Royal Crown Insurance 

Royal Crown Insurance offers a whole range of non-life insurance products.

The company is known for handling claims reasonably for compensating their clients fairly, and their insurance agents are on standby to ensure their client’s requests are covered.

Royal Crown Insurance policies are straightforward with no hidden terms.

Royal Crown Insurance website. https://www.royalcrowninsurance.com/

Ydrogios Insurance 

Ydrogios Insurance has held a prominent position in the insurance market of Cyprus since it was incorporated in July 2002.

The company has a reputation built on reliability in Cyprus and more than 100 qualified professional partners and intermediaries.

With six offices across Cyprus, Ydrogios Insurance serves a large number of customers, offering innovative insurance solutions for various needs.

Ydrogios Insurance website. https://www.ydrogios.com.cy/en/home

Bupa Insurance 

Bupa is a top private healthcare provider with a presence in the Cypriot market.

Bupa health insurance expanded into the Cyprus insurance sector in 1992 by Nicos Rossos, one of Bupa’s top Global brokers in the EU.

Bupa Insurance makes private healthcare simple and gives an insured individual direct access to private healthcare without the need for a GP referral.

The company provides four staple insurance packages suitable for various needs in Cyprus.

Bupa Insurance website. https://www.bupaglobal.com/en/private-health-insurance/cy

Hydra Insurance 

Hydra Insurance was established in 2001 through a natural development of its founder’s vision, who had worked in the insurance market in Cyprus for more than 50 years.

With a commitment to representing a high level of customer service, Hydra Insurance provides affordable insurance products and aims to compensate clients fairly for claims.

The company offers various insurance offerings, specialising in general insurance with a personalised and professional service.

Hydra Insurance caters to the modern needs of individuals and businesses through a selection of innovative personal and commercial insurance.

Hydra Insurance website. www.hydrainsurance.com

Hellas Direct Insurance 

Hellas Direct Insurance began operating online in 2012 to change the Greek insurance sector.

The company wanted to change how people shop for insurance and make it more straightforward. They provide insurance solutions for home, motorcycle, and car insurance.

Hellas Direct Insurance collaborates with the reinsurance companies Munich Re and Swiss Re. They provide 50% of the compensation for claims, and Hellas Direct pays the rest.

Hellas Direct Insurance website. https://www.hellasdirect.gr/en

Commercial General Insurance 

Commercial General Insurance is one of the top general insurance companies in Cyprus.

It was established in 1973 by Commercial Union Assurance plc, renamed Aviva plc and the Christophides Group, which had a presence in Cyprus since 1925.

Commercial General Insurance is looking to further their growth in the Cyprus market, focusing on professional standards and business ethics.

By developing their services and using new technology, they hope to strengthen their position in the market and simultaneously satisfy their clients’ needs.

Commercial General Insurance website. www.cgi.com.cy

Cosmos Insurance 

Cosmos Insurance was incorporated in 1981 as a motor and property insurance provider and currently provides innovative general insurance.

Cosmos Insurance has some 50,000 customers and operates through an extensive network of intermediaries across Cyprus with offices in Larnaca, Limassol, Nicosia, and Paphos.

In addition, the company cooperates with over one hundred and fifty intermediaries across the island and has over seventy employees.

In 2000, the company’s shares were listed on the Cyprus Stock Exchange and renamed Cosmos Insurance Company Public.

Cosmos Insurance website. https://cosmosinsurance.com.cy/

Eurosure Insurance 

In 1992, Eurosure Insurance established itself in the non-life insurance sector in Cyprus.

The company sells various personal and business insurance, e.g. motor, personal accident, home, and public liability insurance.

The company was formed through the vision of several entrepreneurs and R. Christofidou Ltd., the Insurance Agent of Phoenix Assurance PLC (established in 1927).

After ending its agency, R. Christofidou Ltd transferred Phoenix Assurance’s business to the newly formed Eurosure in 1991.

Eurosure Insurance website. https://www.eurosure.com/en/

SoEasy Insurance 

The insurance broker, SoEasy Insurance, has legal and financial independence for reinsurance and insurance undertakings as an insurance broker.

The company searches for the best possible insurance to meet its customers’ needs and offers various insurance online, such as home, health, motor, travel, and other risks.

SoEasy Insurance was formed to meet the demand for insurance solutions at competitive prices.

Including online services, customers can visit SoEasy in their offices across Cyprus, in Nicosia, Larnaca, Limassol, and Paphos.

SoEasy Insurance website. https://soeasyinsurance.com.cy/

Trust Insurance 

Trust Insurance was founded in 1990 in Limassol. The company was registered in 2003 and started operating in 2009.

Since it began operating, Trust Insurance has quickly grown its presence in Cyprus as an affordable insurance provider and offers services locally and worldwide.

One of the company’s primary goals has been offering upgraded services and products with value as their objective.

Trust insurance telephone, Limassol. +357 25 875333. You can find all of the Trust Insurance phone details here. https://www.trustcyprusinsurance.com/en/contact/

Trust Cyprus Insurance website. https://www.trustcyprusinsurance.com/en/

KLPP Insurance 

KLPP Insurance & Reinsurance Company Ltd was established in Cyprus in 2015 built on the foundation of an investment company that was established in 2009.

The company operates as a reinsurer internationally and provides insurance services locally across Europe.

KLPP provides various business insurance and reinsurance activities in cargo insurance, general liability, property damage, and more.

KLPP Insurance website. http://klppinsurance.com/

Universal Life Insurance 

Universal Life Insurance is a member of the Photos Photiades Group and was incorporated as a private company in 1970.

The company was the first insurance company to be established in Cyprus after the passing of the local insurance legislation.

The company helped to build the Cypriot life insurance sector to what it is today and is now one of the top life insurance companies on the island.

Universal Life Insurance stays true to its motto “because life is precious” by contributing finances to social causes for Cypriots.

Universal Life Insurance website. https://www.universallife.com.cy/companyprofile

Arch Insurance 

Based in Ireland, Arch Insurance (EU) is a subsidiary of Arch Capital Group. It has branch offices in the UK and some locations in Europe.

Arch Insurance has a range of insurance products in their portfolio across multiple business sectors, including healthcare, financial institutions, accident & health, cyber and technology, professional liability, and property and terrorism.

Arch Insurance is authorised by the Central Bank of Ireland.

Arch Insurance website. https://insurance.archgroup.com/

Top Quotes Insurance 

Top Quotes Insurance gathers the top insurance quotes from top insurers worldwide intending to do the work of dealing with agents for their customers.

Entering the Cypriot market as one of the fastest-growing brokerages, Top Quotes Insurance was one of the first intermediaries to represent all of the top UK insurers in Cyprus.

They are authorised by the Cypriot Government.

Top Quotes Insurance website. https://topquotes.com.cy/

Gan Direct Insurance Cyprus

Gan Direct Insurance opened its doors in 1994 and prioritised offering value-for-money products in Cyprus and straightforward, convenient insurance acquisition.

Like many EU competitors, the company removes the need for intermediaries in issuing an insurance policy, thus charging zero commission or credit costs.

Gan Direct Insurance utilises certain underwriting principles that aren’t led by volume or market share, which allows them to prioritise their customers.

They offer their customers competitive premiums, 24-hour assistance, and accessible online services.

Gan Direct Insurance website. https://www.gandirect.com/

Anytime Insurance 

Since 2017, Anytime Insurance has been a key player in the Cypriot market.

The company specialises in general car and home insurance.

They were the first online insurance company to start up in Greece and belong to the family of Interamerican, a top insurance provider in Greece with a strong reputation.

Interamerican is a member of Achmea, an international insurance group based in the Netherlands.

Anytime Insurance website. https://www.anytimeonline.com.cy/

Pancyprian Insurance 

Pancyprian Insurance began operating in 1963 and joined the Hellenic Bank Group in 1999.

The general insurance company has a significant share in the insurance market, amounting to 9.3%, with annual written premiums worth more than €35 million.

Pancyprian Insurance focuses on reliability with a friendly approach to customer service.

Insurance companies Cyprus

Pancyprian Insurance website. www.pancyprianinsurance.com

Top insurance company in Cyprus

According to our research findings, Pitsas Insurances is the top insurance company in Cyprus. It’s also one of the longest-standing and has been in business since 1985.

The company pioneered the development of insurance for expatriates and foreign businesses in Cyprus and now has over 10,000 clients across 45 countries.

Thousands of private clients and families trust Pitsas Insurances every day for their insurance essentials, including health, life, house, and car insurance.

The company provides other popular insurance options for thousands more clients, ranging from personal accident insurance to critical illness and travel and yacht insurance.

An attractive array of commercial insurance has also heralded the company as a prominent provider of business insurance services to European, Cypriot, and international companies.

Some of their top clients include investment and financial corporations, law firms, international software developers, and shipping and construction companies.

Their professional insurance services include group medical insurance, cyber insurance, directors and officers liability insurance, employers liability insurance, equipment insurance, public liability insurance, professional indemnity insurance, and cargo insurance.

Top insurance companies Cyprus

Through their key stake in promoting investment insurance, Pitsas Insurances also enables directors and employees with a high salary to receive tax exemptions by investing in the world’s biggest and most renowned investment companies (Pimco, Vanguard).

Amazon Corporate & Immigration Services

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