As insurance industry growth remains stagnant for another year due to low interest rates, the shifts in consumer demographics around the world coupled with heightened expectations for digital experiences present insurers with risks and opportunities. The EY Insurance Outlook 2020 report – based on collective sector workshops with insurance leadership across the globe (Americas, Asia-Pacific and Europe) and a formal survey of EY insurance professionals and external analysts – reveals what life and non-life global insurers plan to prioritize in the year ahead to remain competitive in this new paradigm.

Total arrivals of travellers last November reached 309,952 compared to 261,765 in November 2018, recording an increase of 18.4%, according to the Cyprus Statistical Service.

According to the latest data published by the company, 400,000 passengers from Cyprus and abroad travelled with Cyprus Airways in 2019.

Bank of Cyprus is bringing customers MasterCard in Apple Pay offering an easy, secure and privateway to make mobile payments.

Cyprus is among the top five EU countries where people didn’t purchase goods or services online because they were suspicious over privacy and security concerns.

The Tax Department is trying to classify events and performances of a cultural nature in a bid to cover gaps that lead to loss of state revenue, Phileleftheros reports.

Cyprus economic growth is expected to decelerate in 2020, with real GDP dropping from 4.1% in 2018 and 3.4% in 2019 to 2.8%, due to faltering confidence, risks related to bad loans and rising state payrolls, the University of Cyprus Economics Research Centre forecasts.

The Transport Ministry has launched a scrappage incentive scheme to encourage Cypriot motorists to replace their old high-emission bangers with new eco-friendly cars, preferably electric ones.

President Nicos Anastasiades on Tuesday gave instructions for an info centre from where the public can learn about the government’s housing policy and who can benefit from it to be set up.

Turnover Volume Index of Retail Trade in Cyprus has marked an increase in a monthly and annual basis, according to the official Statistical Service.