Trust Insurance Cyprus

Name

Trust Insurance Cyprus

Legal name

Trust International Insurance Company (Cyprus) Limited

Website

https://trustcyprusinsurance.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Motor Vehicle Liability Insurance (FSAJAMAC)

akta.pro secondary industries

Property Insurance (Homeowners, Renters & Commercial Property) (FSAJAMAD), Public Liability (Premises/Operations) (FSAJADAD), Network Security & Privacy Liability (Third-Party) (FSAJAOAE)

Keywords

• General insurance products
• Motor vehicle insurance
• Property insurance coverage
• Business liability insurance
• Cyber risk insurance

Headquarters

HQ city

Aglangia

HQ country

Cyprus

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums - Motor/Vehicle: Motor vehicle insurance including comprehensive coverage, third-party liability, fire and theft coverage, with 24/7 roadside assistance included as standard benefit
2. Insurance Premiums - Property: Home insurance and multi-risk property coverage including building and contents protection
3. Insurance Premiums - Health & Accident: Health insurance, personal accident coverage, and medical insurance products
4. Insurance Premiums - Liability: Professional liability, employers liability, and public liability insurance for businesses
5. Insurance Premiums - Financial Loss: Business financial loss insurance and cyber risk coverage

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Trust Insurance Cyprus underwrites and distributes a full general insurance portfolio in Cyprus, offering motor (comprehensive and third-party variants), property (multi-risk Home Shield), health and personal accident, travel, and joint-owned building insurance for individuals, alongside business liability (employers', professional and public), cyber risk, and business financial loss cover for corporate clients. Policies are issued through five physical branches plus a network of insurance agents and brokers, supported by the MyTrust portal, a forthcoming MyTrust mobile app, and 24/7 roadside assistance and accident care included as standard in motor cover.

Product overview

Trust Insurance Cyprus operates as an insurance company offering a comprehensive portfolio of personal and commercial insurance products. The product portfolio includes motor insurance (comprehensive and third-party), home/property insurance (Home Shield multi-risk), health and accidents coverage, business liability insurance (employers liability, professional liability, public liability), cyber risk, travel, and financial loss insurance. The company offers tiered coverage levels (Simple, Standard, Executive, Executive PLUS+) primarily through a network of over 200 online insurance agents, with digital services enabled via the MyTrust mobile application. Insurance products are distributed through physical branch offices in Nicosia, Limassol, Larnaca, Paralimni, and Paphos, as well as partner/agent portals and JCC Smart payment integration.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Insurance (Ασφάλεια Αυτοκινήτου) Comprehensive and third-party motor vehicle insurance for cars and motorcycles in Cyprus, with 24/7 roadside assistance, accident care, fire and theft cover, and optional Executive and Executive PLUS+ packages for individuals.
• Home Shield - Multi-Risk Home Insurance (Πολυασφαλιστήριο Home Shield) Multi-risk all-perils home insurance product for residential property owners in Cyprus, covering building and contents under the Home Shield branding.
• Health & Accidents Insurance (Υγεία & Ατυχήματα) Health and personal accident insurance for individuals in Cyprus, including a student health plan for those studying abroad.
• Liability Insurance (Ασφάλεια Ευθύνης) Commercial liability package comprising employers' liability (mandatory under Cyprus law), professional indemnity, and public liability cover for businesses.
• Cyber Risk Insurance (Ασφάλιση Κυβερνοχώρου) Cyber risk and cybersecurity insurance for Cyprus businesses, protecting against digital threats and cyber incidents.
• Travel Insurance (Ασφάλεια Ταξιδίου) Travel insurance for individuals traveling domestically or internationally from Cyprus.
• Financial Loss Insurance (Ασφάλεια Χρημάτων) Business financial loss insurance covering monetary losses arising from various business risks for Cyprus enterprises.
• Jointly-Owned Building Insurance (Ασφάλιση Κοινόκτητης Οικοδομής) Insurance product for jointly-owned residential buildings in Cyprus, covering common areas and shared property.
• Third-Party Fire & Theft Motor Insurance (Ευθύνη Έναντι Τρίτου, Πυρός και Κλοπής) Third-party motor liability policy augmented with fire and theft cover for vehicles in Cyprus.
• Classic Car Insurance (Ασφάλεια Κλασικών Αυτοκινήτων) Specialized motor insurance product for classic and vintage vehicles in Cyprus.

Quantifiable outcome

• 10% revenue growth in 2025
• +1 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

One partnership is on record.

• Cyprus PolicecoreStrategic or Co-development Partner · 1 November 2025Strategic cooperation partnership signed for community safety initiatives. Joint action plan includes citizen awareness campaigns, neighborhood police program support, 'Light in Neighborhoods' initiative for safer streets, park upgrades, and SAFEZONE CY digital tool development providing smart notifications and direct citizen-police connectivity. Trust Insurance providing significant investments in technology and infrastructure.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Others

• Aon Cyprus: Global insurance broker active in Cyprus representing corporate buyers — adjacent competitor and partner: Trust sells partly through brokers, so Aon's placement decisions shape Trust's commercial pipeline.

Emerging players

• Lemonade: Digital-native insurtech using mobile-first claims and AI underwriting — illustrates the long-term competitive direction Trust's MyTrust app and 200-online-broker strategy are moving toward, though operating in different geographies today.

Direct peers

• CNP Cyprus Insurance: One of the leading multi-line insurance carriers in Cyprus offering motor, home, health, and life products to individuals and corporates — directly comparable in product portfolio and target market to Trust Insurance Cyprus.
• Hellas Direct: Digital-first motor and property insurer expanding across Greece and Cyprus; overlapping with Trust's motor-heavy book and increasingly competitive in the online broker and digital claims channels.
• Ethniki Insurance Cyprus: Greek-owned general insurer with deep Cyprus operations across motor, property, liability and life lines — competes head-to-head with Trust in the same distribution channels and customer segments.
• Interamerican Cyprus: Greek insurance group with Cyprus presence across motor, property, health and commercial lines — comparable multi-line proposition competing for the same Cypriot consumer and SME segments.

Broad incumbents

• AIG Cyprus: Local presence of AIG providing commercial property, liability, and specialty lines in Cyprus — overlapping with Trust's commercial book, particularly employers' liability and financial loss.
• Bank of Cyprus Insurance: Bancassurance arm of Cyprus's largest bank, distributing motor, home and life insurance to its customer base — a major distribution competitor for Trust's consumer lines.
• Allianz Cyprus: Subsidiary of global insurance giant Allianz operating across motor, property, health and commercial lines in Cyprus — represents the scale and brand competitor that Trust benchmarks against.

Regional players

• Universal Life Insurance Cyprus: Cyprus-domiciled life and health insurer; partially overlapping with Trust's health and personal accident offering though concentrated in life rather than P&C.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/trustcyprus
• YouTubeyoutube.com/channel/UCrYrRPW2_cYXo8fISJbqE-A
• Facebookfacebook.com/trustcyprus
• LinkedInlinkedin.com/company/trust-international-insurance-cyprus
• Instagraminstagram.com/trustinsurancecyprus

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trust Insurance Cyprus