Insights | 16 September 2020 | Insurance Association of Cyprus

Andreas Stylianou , Chairman Insurance Association of Cyprus (IAC)

Although a contraction is highly likely for 2020, we expect this to be smaller than that of the general economy and succeeded by a return to growth in 2021.

CyprusProfile.com asked Andreas Stylianou, Chairman of Insurance Association of Cyprus (IAC) what his expectations for the Insurance sector and overall economy are for the year ahead?.

We are confident that the insurance industry will once again prove its resilience in the face of the strong headwinds caused by the Covid-19 pandemic. Although a contraction is highly likely for 2020, we expect this to be smaller than that of the general economy and succeeded by a return to growth in 2021.

Cooperation Partners
  • Logo for Cyprus International Businesses Association
  • Logo for CFA Cyprus
  • Logo for Invest Cyprus
  • Logo for Cyprus Shipping Chamber
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Cyprus In Your Heart
  • Logo for Cyprus Investment Funds Association
  • Logo for Association of Cyprus Banks