Insurer profile
Grawe Insurance Company (Cyprus) Ltd
Grawe Insurance Company (Cyprus) Ltd · Cyprus
Overview
GRAWE Cyprus (formerly Prime Insurance Company Ltd, rebranded in October 2025) is a leading composite insurer in Cyprus, offering both life and general insurance solutions to individuals and businesses. The company was originally founded in 1999 as Interlife Insurance, renamed Prime Insurance after a 2011 merger, and acquired in 2025 by Austrian group Grazer Wechselseitige Versicherung AG (GRAWE), becoming its 19th insurance subsidiary.
Source16
Products in this market
2
Offer pages
Company details
- Parent group
- Grazer Wechselseitige Versicherung AG (GRAWE Group)
- Regulator
- Insurance Companies Control Service (ICCS), Ministry of Finance, Republic of Cyprus
- Phone
- +357 22 896000
- [email protected]
Products from Grawe Insurance Company (Cyprus) Ltd
Motor2
Motor Insurance (Third Party Liability)
An integrated motor insurance policy covering the legal liabilities of drivers towards third parties, with a range of plans and coverages available.
Vehicle MegaInsurance (Comprehensive Motor)
A comprehensive motor insurance plan designed to meet individual needs and financial capabilities, offering broad coverage beyond basic third-party liability.
Property2
Home MegaInsurance
A comprehensive home insurance plan carefully crafted to meet individual requirements and financial capabilities, covering fire and other property risks for private residences.
Commercial / Business Property Insurance
Property insurance solutions for businesses, covering commercial premises and business assets against fire, theft, and other perils.
Health4
Medisyn (In-Hospital Health Insurance)
An integrated in-hospital health insurance plan covering hospitalisation expenses in Cyprus and abroad, offered as a stand-alone policy or as a supplementary life insurance benefit.
Medifirst (Out-of-Hospital Medical Expenses)
A benefit specially designed to cover out-of-hospital medical expenses arising from illness or accident.
Personal Accident Insurance
Insurance cover for personal accidents that can be included as part of life insurance packages, providing financial protection in the event of accidental injury or death.
Critical Illness Insurance
Coverage against critical illnesses that can be included in life insurance packages, providing a lump sum payment upon diagnosis of a covered serious illness.
Life4
Whole Life Insurance
Life insurance policies providing lifelong protection, offering supplementary benefits covering all life and health insurance risks for the insured.
Term Life Insurance
Term life insurance policies offering protection for a defined period, providing financial security and supplementary benefits for individuals and families.
Unit-Linked Investment Insurance
Investment-linked life insurance products combining life insurance coverage with investment fund capabilities, offering multiple investment fund choices to policyholders.
Loan Protection / Mortgage Life Insurance
Life insurance policies acceptable by banks as additional security for loans, providing loan protection for policyholders and their families.
Regulatory updates
GRAWE Insurance Company (Cyprus) Ltd is licensed by the Insurance Companies Control Service (ICCS) of the Cyprus Ministry of Finance to transact insurance in the classes of Life, Motor, Fire, Accident & Health, M.A.T., Liability, Credit & Suretyship, and Other. The company officially joined the GRAWE Group on July 16, 2025, following regulatory approval of the acquisition of a 98.7% stake by Grazer Wechselseitige Versicherung AG. The rebranding from Prime Insurance to GRAWE Cyprus was officially announced at a special event on October 7, 2025.
Reputation and reviews
Offer pages
Casco (own-damage car insurance)
casco (own-damage car insurance) from GRAWE Cyprus for the Cyprus market, with 24/7 assistance.
Last verified Aug 23, 2026
Motor third-party liability
motor third-party liability insurance from GRAWE for the Cyprus market, with 24/7 assistance.
Last verified Aug 23, 2026