Insurance Articles

Insurance Articles

Understanding Term Life Insurance vs. Whole Life Insurance

April 23, 2024

Cyprus Insurance News Team

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In the world of life insurance, two primary products often come under scrutiny for their differences, benefits, and limitations: term life insurance and whole life insurance. Both serve the crucial purpose of providing financial security to your loved ones in the event of your untimely demise, yet they cater to different financial planning strategies, needs, […]

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Insurance Articles

Insurance entry surveys for boats and yachts

April 12, 2024

Cyprus Insurance News Team

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When it comes to yachts and personal watercraft there are numerous approaches as to which risk management practice may be the best to be used by an insurance organization. Some insurance providers decide that assessing the risks in relation to a yacht may be an unnecessary or cost ineffective thing to do (until the first […]

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Insurance Articles

Demystifying Professional Indemnity (PI) Insurance: Basic Concepts in a Global Environment

March 28, 2024

Χρύσα Πράντζαλου

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Written by Stelios Miltiadou, Chartered Insurer Professional Indemnity (PI) Insurance, also known as Professional Liability or Errors & Omissions (E&O) typically constitutes a segment of Financial Lines departments, which may also be named as FinPro or simply Professional Lines. What is at risk? Insurance is form of risk management, specifically it is a pre-loss risk […]

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Insurance Articles

Ideal Insurance: The importance of personal accident insurance

February 9, 2024

Πανος Τσιολης

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Personal Accident Insurance is a type of insurance policy designed to provide financial protection in the event of an accident that leads to bodily injury, disability, or death. Unlike health insurance, which covers medical expenses, it focuses on providing financial support for individuals and their families during challenging times. Key benefits of personal accident insurance Coverage for […]

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Insurance Articles

Ideal Insurance Blog: How to choose the optimal plan for your health?

January 26, 2024

Πανος Τσιολης

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Choosing the optimal health insurance plan for yourself and your family is a crucial decision that requires careful consideration of various factors. Here are some steps to help you navigate the process: Assess Your Healthcare Needs: Consider the health needs of all family members, including any existing medical conditions. Evaluate the frequency of doctor visits, […]

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Insurance Articles

Emerging Trends in the Directors’ & Officers’ (D&O) Liability Landscape

October 20, 2023

Cyprus Insurance News Team

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Written by Stelios Miltiadou, Chartered Insurer Directors’ & Officers’ (D&O) Liability Insurance has come a long way since it was first introduced in the wake of the Wall Street Crash of 1929. However, this type of insurance is not, unlike some other types of commercial insurance contracts, compulsory and many companies choose not to take […]

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Insurance Articles

Safeguarding your home and Finances: The importance of fire insurance!

August 29, 2023

Cyprus Insurance News Team

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In a world where unexpected disasters can strike at any moment, securing your property and assets is paramount. One such disaster that can cause irreparable damage is a fire and we all follow the dramatic news every summer here in Cyprus and Greece. Fires not only endanger lives but also destroy homes, businesses, and cherished possessions. […]

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Insurance Articles

What an accident Insurance policy can do for you?

August 8, 2023

Cyprus Insurance News Team

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By Panos Tsiolis, CEO, Ideal Insurance Accidents happen all the time, even to people who live relatively risk-free lives. Summertime is usually connected with much more activities – during vacations, during renovations at home, etc. Imagine a beautiful sunny day and you are heading out on a bike trip feeling so excited to get out […]

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Insurance Articles

Why is Cyber Liability Insurance penetration low in Cyprus?

February 28, 2023

Cyprus Insurance News Team

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Written by: Stelios Kaparis Cyber liability insurance is a type of insurance designed to provide financial protection to businesses and organizations in the event of a cyber-attack or data breach. Despite the increasing importance of cyber security and the growing threat of cyber-attacks, the penetration of cyber liability insurance remains low in many countries including […]

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Insurance Articles

Benefits of Health Insurance

September 22, 2022

Cyprus Insurance News Team

The importance of health insurance can never be exaggerated enough. Life is unpredictable, and one disease can change your life within minutes. You not only need emotional strength to fight the situation, but you also need to have financial stability and only a health insurance plan can provide you with the same. There are many […]

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