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Insurance Articles

GDPR: Time for a second look

Cyprus Insurance News Team
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From William Vidonja, Head of Conduct of Business, Insurance Europe Data is at the core of the insurance sector. Without data, insurers would be unable to assess the risks consumers wish to be protected against, develop and price their policies, process consumers’ claims or spot fraud. As data processing lies at the very heart of […]
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Insurance Articles

2024: An important election year

Cyprus Insurance News Team
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Written by Michaela Koller, Director-General, Insurance Europe 2024 is a pivotal year for global politics, with elections impacting half the world.  In the EU, citizens took to the polls to elect the next European Parliament which  sits for the first time on 16 July. The elections kick-started a series of institutional changes, including the European […]
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Insurance Articles

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

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

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?

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

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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