Insurer profile
GRAWE Insurance Company (Cyprus) Ltd – Branch Greece (formerly Prime Insurance Company Limited)
GRAWE Insurance Company (Cyprus) Ltd – Branch Greece (formerly Prime Insurance Company Limited) · Greece
Overview
Originally founded in Cyprus in 1999 as Interlife Insurance, the company was renamed Prime Insurance after a 2011 merger with Demco Insurance, and in 2025 was acquired by Austrian group GRAWE, which officially rebranded it as GRAWE Insurance Company (Cyprus) Ltd on October 3, 2025. It maintains a branch in Greece, registered with the Bank of Greece, offering motor, property, health, accident, liability, and commercial insurance products, with the Greek-market website still largely operating under the primeins.gr domain during the rebranding transition.
Source12
Products in this market
2
Offer pages
Company details
- Parent group
- Grazer Wechselseitige Versicherung AG (GRAWE)
- Regulator
- Bank of Greece – Directorate for the Supervision of Private Insurance (DEIA); primary prudential supervision by the Insurance Companies Control Service (ICCS) of Cyprus as home-country regulator
- Phone
- +30 212 2127800
- [email protected]
Products from GRAWE Insurance Company (Cyprus) Ltd – Branch Greece (formerly Prime Insurance Company Limited)
Motor4
Motor Third-Party Liability Insurance – "En Kinisei" (Basic / Auto Economy / Auto Basic)
Compulsory motor third-party liability insurance covering bodily injury and property damage to third parties, available in multiple plans.
Comprehensive Motor Insurance – "En Kinisei" (Auto Plus / Auto Full)
Comprehensive motor insurance covering own vehicle damage, fire, theft, natural perils, and glass breakage, beyond basic third-party liability.
Fleet / Commercial Vehicle Insurance – "En Kinisei Auto Plus" (Commercial)
Motor insurance for commercial vehicles and business fleets, covering third-party liability and comprehensive options.
Motorcycle & Moped Insurance – "Moto Basic"
Third-party liability insurance plan for motorcycles and mopeds.
Property3
Home Contents Insurance – "En Oiko Periehomeno"
Home contents insurance covering fire, lightning, smoke, aircraft impact, vehicle collision, terrorism, vandalism, and glass breakage up to €30,000.
Home Property Insurance – "En Oiko" (Building & Contents)
Comprehensive home insurance programmes covering building structure and contents, tailored to individual needs with clear terms and prompt claim settlement.
Business & Professional Risks Insurance – "En Drasei"
Comprehensive business and professional risks insurance programme covering commercial property, liability, and business interruption risks, with customisable terms and prompt claim handling.
Health3
Health Insurance – In-Hospital & Out-of-Hospital Care
Comprehensive health insurance covering hospitalisation, out-of-hospital medical expenses, diagnostic tests, and preventive health checks through a network of partner hospitals and diagnostic centres.
Hospital & Surgical Allowance Cover
Daily hospitalisation and recovery allowance and surgical benefit paid independently of actual hospitalisation expenses.
Personal Accident Insurance
Personal accident insurance (individual or family) covering accidental death, permanent total or partial disability, temporary disability, medical expenses, and hospitalisation benefit.
Regulatory updates
The company (formerly Prime Insurance Company Ltd) officially joined the GRAWE Group on July 16, 2025, following regulatory approval of GRAWE's acquisition of a 98.7% stake, and was presented under its new name, Grawe Insurance Company (Cyprus) Ltd, at an official event on October 3, 2025. The Bank of Greece's insurance undertakings register now lists the entity as "Grawe Insurance Company (Cyprus) Ltd" with an active branch status in Greece, while the branch's public-facing website (primeins.gr) still shows a mix of legacy Prime Insurance branding and newly updated GRAWE Insurance Company pages. As a Cyprus-authorised insurer operating in Greece via a branch, it remains subject to conduct-of-business oversight by the Bank of Greece (DEIA) under Law 4364/2016 (Solvency II).
Reputation and reviews
Offer pages
Casco (own-damage car insurance)
casco (own-damage car insurance) from GRAWE Insurance for the Greece market, with 24/7 assistance.
Last verified Aug 14, 2026
Motor third-party liability
motor third-party liability insurance from Prime Insurance for the Greece market, with 24/7 assistance.
Last verified Aug 14, 2026