
Ministry of Finance department
CyprusICCS
Insurance supervision in Cyprus.
01 / The institution
Insurance Companies Control Service
The Insurance Companies Control Service sits within the Ministry of Finance. The 2016 law establishes the Solvency II insurance supervisory framework.
The legal foundations
Mandate, written into law.
Establishing legislation and the rules governing insurance may be different instruments.
Institutional and insurance framework
Insurance and Reinsurance Business and Other Related Issues Law 38(I)/2016 ↗
02 / Market signals
The numbers, with context.
Figures retain the reporting period and accounting basis of their source. They are snapshots, not live indicators or directly comparable country rankings.
Insurance penetration. A current premium-to-GDP ratio has not been independently verified for this profile. No estimate is substituted.
03 / The report notebook
A dated view of the market.
What we noted in the regulator’s publications. Each entry separates the period covered, publication date when known, and our review date.
Publication availability checked
Insurance Companies Control Service publications ↗
The official supervisory website provides legislative and regulatory material. A current market-wide annual statistical report was not verified in this review; individual insurers’ solvency reports are not substituted for national totals.
Open the official publication listing ↗04 / Official contacts
Reach the institution.
Public institutional channels, checked 17 September 2026.
- General enquiries
- insurance@mof.gov.cySource ↗
Research trail
Sources you can follow.
Independent editorial research by Insurers Global. Source dates do not certify that a law includes every subsequent amendment.
- Laws & Regulations of the Republic of Cyprus | Insurance Companies Control Service | ↗Checked
- Microsoft Word - L 38_Ι_2016 The Law on Insurance and Reinsurance Business.docx ↗Checked
- Institutional website — contact route ↗Checked
- Insurance Companies Control Service publications ↗Checked
- Official contact details ↗Checked
Country scenes are AI-generated illustrations made with OpenAI image tools, not official regulator photographs or endorsements. Quotations remain searchable text. Report figures and directory verification are maintained separately.
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Ministry of Finance (parent of the Insurance Companies Control Service)
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