House to investigate collapse of Olympic Insurance
The insurance superintendent controls around 30 insurance companies based in Cyprus, the chairman of the House ethics committee, Zacharias Zachariou, said on Wednesday as the...
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Industrial accident victims go years without compensation
Many victims of industrial accidents have been left for decades without compensation because their employers were uninsured, chairman of the Association of Insurance Companies...
Insurers say Gesy health scheme doomed to fail
THE association of insurance companies (Saek) warned on Friday that populism was harmful to public health and raised a number of questions doubting the success...
Insurance firms prepared to implement Solvency 2
By Stelios Orphanides Cyprus’s insurance companies have worked hard with their supervisory authority to prepare for the implementation of the Solvency II European directive, which...
New watchdog for provident funds on the cards
A new oversight authority will be set up by the government in order to monitor insurance companies and provident funds, Finance Minister Harris Georgiades told...
The uphill battle to create a national health plan
By Angelos Anastasiou AMIDST controversy and attempts to crush the idea, discussion of the proposal to introduce a ‘mini-national health scheme’ (NHS) in mid-2017 with...
Insurance companies ‘worried’ about mini-NHS
INSURANCE companies expressed their concern on Thursday over the sudden announcement of the introduction of a so-called mini NHS by Health Minister Giorgos Pamborides. The...
Auditor-general exposes oversights by insurance watchdog
By Stelios Orphandies It must have been quite an unexpected surprise for Victoria Natar when she got the news that the Auditor-general Odysseas Michaelides decided...
More consumer protection in financial sector
By Stelios Orphanides The government is looking for new ways to boost protection for insurance policyholders even if insurers lose their licence for failing to...
Insurance firms under liquidity, capital adequacy, pressure resort to figure cooking
By Stelios Orphanides Cypriot insurance companies saw their premiums in both life and non-life business follow a downward path as claims remained comparatively high, official...