Governance, Risk and Compliance – The Cypriot Insurance Industry, 2018 –

Governance, Risk and Compliance – The Cypriot Insurance Industry, 2018 –

Risk and Compliance – The Cypriot Insurance Industry”
has been added’soffering.

Governance, Risk and Compliance – The Cypriot Insurance Industry
is the result of extensive research into the insurance regulatory
framework in Cyprus.

It provides detailed analysis of the insurance regulations for life,
property, motor, liability, personal accident and health, and marine,
aviation and transit insurance. The report specifies various
requirements for the establishment and operation of insurance and
reinsurance companies and intermediaries.

The report brings together research, modeling and analysis expertise,
giving insurers access to information on prevailing insurance
regulations, and recent and upcoming changes in the regulatory
framework, taxation and legal system in the country. The report also
includes the scope of non-admitted insurance in the country.

Key Highlights

  • Insurance Companies Control Service (ICCS) regulate the Cypriot
    insurance industry
  • The FDI regime of Cyprus allows up to 100% foreign participation in
    domestic insurance companies
  • Composite insurance is not permitted in Cyprus
  • Solvency II, which introduced new risk management standards for
    insurers, was implemented in the beginning of 2016
  • Employer’s liability insurance and motor third-party liability
    insurance are key compulsory insurance classes in Cyprus

Topics Covered

1. Introduction
1.1 What is this Report About?
1.2 Definitions

2 Governance, Risk and Compliance
2.1 Legislation Overview and
Historical Evolution
2.2 Latest Changes in Regulation
Legislation and Market Practice by Type of Insurance
2.4 Compulsory
2.5 Supervision and Control
2.6 Non-Admitted
Insurance Regulations
2.7 Company Registration and Operations
2.9 Legal System

For more information about this report visit

Read More


Please enter your comment!
Please enter your name here