Insurer profile
General Insurance of Cyprus Ltd
General Insurance of Cyprus Ltd (Genikes Insurance / GIC), founded in 1951 by Bank of Cyprus, is the first domestic insurance company in Cyprus and one of the largest and most reliable non-life insurers on the island. It offers a comprehensive range of general insurance products for individuals, professionals and businesses.
Source- Legal entity
- General Insurance of Cyprus Ltd
- Headquarters
- Nicosia, Cyprus
- Parent group
- Bank of Cyprus Group
- Regulator
- Insurance Companies Control Service (ICCS), Ministry of Finance, Republic of Cyprus
- Phone
- +357 22128700
- general@gic.bankofcyprus.com
- Founded
- 1951
- Last verified
- Jun 1, 2026
Products from General Insurance of Cyprus Ltd
motor
Motor Insurance – Third Party Plus
Third party liability cover for damages to property, injury or death caused to third parties, with optional windscreen cover up to €350.
motor
Motor Insurance – Third Party Web Plan
Online-only third party liability motor insurance plan covering legal liability for property damage, injury or death to third parties, including off-road driving.
motor
Motor Insurance – Third Party Fire and Theft Plus
Third party liability plus cover for damage or loss of the vehicle due to fire or theft.
motor
Motor Insurance – Comprehensive Plus
Comprehensive motor insurance including windscreen cover up to €525, collision, malicious damage, fire, theft and loss of use of the vehicle for up to seven days.
motor
Motor Insurance – Comprehensive Superior
The most comprehensive motor insurance plan, including windscreen cover up to €1,050, natural hazards, strikes, riots, personal effects, personal accident and new vehicle replacement.
motor
Motor Insurance – Comprehensive Web Plan
Online-only comprehensive motor insurance plan providing third party liability, own-damage cover, and roadside assistance.
property
Home Insurance – Home Plus
Complete home insurance plan covering fire, all standard perils, civil liability up to €90,000, inflation protection, loss of rent and relocation expenses, with free 24/7 Home Assistance.
property
Home Insurance – Home Superior
The most extensive home insurance plan, adding theft without break-in, window and mirror breakage, automatic reinstatement of insured amounts and lock replacement to all Home Plus covers.
property
Home Insurance – Home Burglary
Low-cost home insurance plan covering theft following a break-in, fire and smoke damage, suitable for tenants and flat-owners.
travel
Travel Insurance
Flexible travel insurance plans for travelers aged 2–75, covering medical expenses, baggage loss/damage and income replenishment after an accident, with group travel options available.
health
Personal Accident Insurance (Flexi Cover)
Personal accident insurance providing year-round cover in Cyprus and abroad, replenishing income lost after an accident and covering loan settlements for individuals, employers and credit institutions.
health
Drivers' Insurance
Personal accident insurance for drivers and motorcyclists aged 18–70, replacing income lost after a road accident, with plans for motor vehicles and motorcycles.
liability
Hunters' Insurance
Public liability and civil responsibility insurance for hunters/shooters aged 18–70, valid within the geographic area of the Republic of Cyprus.
liability
Employers' Liability Insurance
Compulsory employer liability insurance covering legal liability for bodily injury or death of employees arising from accidents or occupational disease during employment.
liability
Lawyers' Professional Liability Insurance
Professional liability insurance for lawyers covering legal claims arising from professional errors or omissions in the practice of law.
liability
Product Liability Insurance
Product liability insurance protecting suppliers and manufacturers against claims arising from damage or injury caused by their products.
property
Business Interruption Insurance
Business interruption insurance providing financial cover for loss of income and ongoing expenses when a business is forced to suspend operations following an insured event.
financial
Fidelity Guarantee Insurance
Fidelity guarantee insurance protecting businesses against financial losses resulting from dishonest or fraudulent acts by employees.
cyber
Cyber Cover Insurance
Personal cyber insurance with Basic and Plus plans covering cyber fraud, retail fraud, identity theft, data restoration costs and cyber extortion, with 24/7 incident response support.
other
Marine Cargo Insurance
Covers damage or loss to merchandise during transportation by vessel, aircraft or overland, with three coverage levels (A, B, C) per Institute Cargo Clauses.
Regulatory updates
GIC is a licensed insurance undertaking in Cyprus (Licence No. 53), registered as company HE0165, supervised by the ICCS under the Ministry of Finance. A notable recent development is the completed portfolio transfer of all general-sector policies from Ethniki General Insurance (Cyprus) Ltd to Genikes Insurance, following an application submitted to the Superintendent of Insurance. GIC complies with Solvency II requirements implemented in Cyprus since 2016.