What Altius Insurance does

Altius Insurance is a Cypriot private insurance company founded in 1993 and headquartered in Nicosia, Cyprus. The firm operates as a composite insurer offering a full portfolio across personal and commercial lines — life insurance, pension and savings plans, student/education plans, health and supplementary hospitalization coverage, property, motor, travel, general liability, employer's liability, professional indemnity, project insurance, group insurance, maritime/aviation, and commercial cyber (COMMCYBER). It serves individual consumers, SMEs, enterprises, and institutional accounts in Cyprus, with a particular concentration of group insurance distributed through exclusive partnerships with professional associations and unions such as Π.Ο.Ε.Δ. (Greek teachers, 20-year relationship) and ΠΑ.ΣΥ.ΝΟ. (nurses, 6+ years).

The company's core technology footprint consists of a customer self-service portal (portal.altiusinsurance.online), online premium payment systems, electronic document management, and a tax-and-insurance planning calculator targeted at educational professionals. Third-party integrations include Google Analytics, Google reCAPTCHA, and Assist America for international travel emergency assistance. There is no evidence of proprietary AI/ML, custom underwriting models, or API/SDK exposure; the digital stack is standard for a mid-sized regional insurer. Altius also holds a 35% minority stake in two marine insurance brokerage firms (National Μεσιτική Ασφαλίσεων Α.Ε. and Fortius Risk Solution S.A.), giving it exposure to the blue-water shipping insurance vertical.

Altius generates revenue primarily through recurring insurance premiums across life, health, and general insurance, supplemented by group insurance premiums from association, municipal, and corporate clients and investment income from its marine insurance holdings. Distribution is multi-channel: an extensive intermediary network, direct sales, professional association channels, a self-service digital portal, and customer service offices across Cyprus. The company maintains a solvency ratio exceeding 200%, ranks 4th in the Cyprus life insurance market (as of March 2025), and announced in December 2025 a strategic merger with Universal Life under Alpha Bank to form a major Cypriot insurance group.

Name

Altius Insurance

Legal name

Altius Insurance

Website

https://altiusinsurance.net

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

Altius Insurance is a Cypriot composite insurer founded in 1993 offering life, health, and general insurance to individuals, businesses, and institutional clients across Cyprus. It distributes via intermediaries, direct sales, and exclusive professional-association partnerships, ranking 4th in the Cyprus life insurance market as of March 2025.

Ownership category

akta.pro rank

Headquarters

HQ city

Nicosia

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Life Insurance Premiums: Collection of recurring premiums from life insurance policies including term life, whole life, and investment-linked products
2. Health Insurance Premiums: Premiums from health and hospitalization insurance plans, both individual and group policies
3. General Insurance Premiums: Premiums from property, motor, travel, and liability insurance products
4. Group Insurance Plans: Corporate group insurance plans provided to professional associations, unions, municipalities, and organizations
5. Marine Insurance Investments: Investment income from 35% ownership in marine insurance brokerage firms (Fortius and National)

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Altius Insurance is a Cyprus-based insurance company that sells a comprehensive portfolio of personal and business insurance products. Personal lines include life, pension, savings, education, health, property, motor, and travel insurance. Business lines include office/store package policies, general liability, construction/project, employer's liability, professional indemnity, group insurance, maritime and aviation, and commercial cyber (COMMCYBER) coverage. The company distributes primarily through its intermediary network, professional association partnerships, and an online customer portal.

Product overview

Altius Insurance operates as a comprehensive insurance company in Cyprus offering a unified portfolio of personal and business insurance products. The personal product line includes life insurance, pension plans, savings plans, student plans, health insurance, property insurance, motor insurance, and travel insurance. For business clients, the company provides office/store insurance, general liability, project insurance, employer's liability, professional indemnity, group insurance, maritime/aviation insurance, and cyber insurance (COMMCYBER). The company also offers specialized group health plans like Altius Υπερκάλυψη Νοσηλείας for professional organizations. Additional services include home care assistance, investment fund information, and online tools such as tax calculators.

Differentiator

Problem solved

Functional benefit

Products and services

• Altius Life Insurance (Altius Ζωής) Life insurance products covering individual and family needs with high-quality services in the life insurance sector.
• Altius Pension Plans (Altius Συνταξιοδοτικά) Pension and retirement planning products designed to provide financial security and tax benefits for policyholders.
• Altius Savings Plans (Altius Αποταμιευτικά) Savings products that help individuals accumulate funds over time with various savings mechanisms.
• Altius Student Plans (Altius Παιδί & Σπουδές) Educational savings plans specifically designed to fund children's education and studies with tax benefits up to 35%.
• Altius Health Insurance (Altius Υγείας) Health insurance products providing comprehensive medical coverage and healthcare benefits.
• Altius Property Insurance (Altius Περιουσίας) Property insurance covering homes and real estate with coverage including personal cyber and fraud protection.
• Altius Motor Insurance (Altius Αυτοκινήτου) Motor vehicle insurance covering cars and other vehicles with comprehensive protection options.
• Altius Travel Insurance (Altius Ταξιδίου) Travel insurance providing coverage for trip cancellations, medical emergencies, and travel-related risks.
• Altius Office and Store Insurance (Altius Πανασφάλεια Γραφείων και Καταστημάτων) Comprehensive business insurance for offices and retail stores covering various commercial risks.
• Altius General Liability Insurance (Altius Γενικής Αστικής Ευθύνης) General liability insurance for businesses protecting against third-party claims.
• Altius Project Insurance (Altius Ασφάλιση Έργων) Project insurance covering construction and engineering projects.
• Altius Employer's Liability Insurance (Altius Ευθύνη Εργοδότη) Employer's liability insurance protecting businesses from claims related to employee injuries.
• Altius Professional Indemnity Insurance (Altius Επαγγελματική Αστική Ευθύνη) Professional indemnity insurance covering professional liability risks.
• Altius Group Insurance (Altius Ομαδικές Ασφαλίσεις) Group insurance plans for businesses covering employees with medical and life coverage.
• Altius Maritime and Aviation Insurance (Altius Θαλάσσιες & Εναέριες Μεταφορές) Maritime and aviation insurance covering ships, vessels, and aircraft.
• COMMCYBER Commercial Cyber Coverage Commercial cyber insurance coverage protecting businesses from cyber threats and digital risks.
• Altius Supplementary Hospitalization (Altius Υπερκάλυψη Νοσηλείας) Exclusive supplementary hospitalization insurance plan designed for specific professional groups with enhanced coverage.

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

13 partnerships are on record, tiered core, flagship and minor.

• Alpha BankcoreStrategic or Co-development Partner · 22 December 2025Alpha Bank announced a strategic merger between Altius Insurance and Universal Life in Cyprus, planned to create a major insurance group in the country.
• Universal LifecoreStrategic or Co-development Partner · 20 December 2025Strategic merger announcement with Alpha Bank to combine Altius Insurance and Universal Life operations in Cyprus.
• Π.Ο.Ε.Δ. (Pan-Cypriot Organization of Greek Teachers)flagshipStrategic or Co-development Partner20-year exclusive partnership providing preferential insurance rates for teachers including health insurance, reduced home and motor premiums, and financial support for the association's welfare fund. Special education-focused products with tax benefits up to 35%.
• ΠΑ.ΣΥ.ΝΟ (Cyprus Nurses Association)flagshipStrategic or Co-development Partner6+ year partnership providing Altius Υπερκάλυψη Νοσηλείας supplementary hospitalization plan exclusively for nurses and their families.
• ΟΕΛΜΕΚ (Secondary Education Teachers Association)coreStrategic or Co-development PartnerPartnership for medical and hospitalization insurance coverage for OELMEK members.
• Οργανισμός Χρηματοδοτήσεως Στέγης (Housing Finance Organization)coreStrategic or Co-development Partner3-year agreement for group life insurance covering housing loan borrowers, providing death and total permanent disability coverage. Selected through competitive tender process.
• Cyprus Municipalities (Strovolos, Aglangantzia, Latsia, Engomi, Lakkatamia, Agios Dometios, Idalia, Agia Napa, Kyrenia, Karava, Geri)coreStrategic or Co-development Partner3-year group supplementary medical insurance contract for municipal employees covering outpatient care in Cyprus and inpatient care abroad during travel.
• Cyprus Stock Exchange (ΧΑΚ)coreStrategic or Co-development PartnerGroup insurance coverage for Exchange employees including medical care, life insurance, and disability benefits since October 2018.
• Cyprus Basketball FederationminorStrategic or Co-development PartnerPersonal accident insurance coverage for basketball teams including 24/7 protection.
• Cyprus Footballers Association (ΠΑ.Σ.Π.)minorStrategic or Co-development PartnerPersonal accident insurance for footballers including hospitalization and medical expenses for professional and amateur players.
• Φιλανθρωπικό Ίδρυμα Μικροί Ήρωες (Little Heroes Foundation)minorStrategic or Co-development PartnerInstitutional sponsor and partner of the foundation supporting children with cancer. Company organizes charitable events and donations.
• Ίδρυμα Ραδιομαραθώνιος (Radio Marathon Foundation)minorStrategic or Co-development PartnerAnnual financial support for the Radio Marathon charity supporting children in need.
• Astro BankcoreStrategic or Co-development PartnerNew strategic partnership announced in 2025 as part of Altius Insurance's development strategy.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Atlantico Insurance Cyprus: Atlantico Insurance operates in Cyprus offering motor, property, and commercial lines, competing with Altius in the general insurance segment with comparable digital and intermediary distribution capabilities.
• Eurolife Insurance: Eurolife is one of the largest life insurance providers in Cyprus, offering life, health, and investment-linked products. Directly comparable to Altius in scale tier, product breadth, and reliance on intermediary and bancassurance distribution in the Cypriot market.
• Trust International Insurance: Trust International Insurance is a Cyprus-based general insurer offering motor, property, and commercial coverage. Comparable to Altius in market scope and product lines, with similar intermediary-heavy distribution in Cyprus.
• Hellenic Bank General Insurance: Hellenic Bank's general insurance arm provides motor, property, and commercial lines to Cyprus customers via bancassurance. Directly competes with Altius' general insurance lines and shares the Cyprus-only operating geography and intermediary-led distribution model.
• Universal Life Insurance: Universal Life is a Cypriot life and health insurer that is the announced merger counterparty with Altius under Alpha Bank. It is the most directly comparable peer given overlapping product set, identical Cypriot regulatory environment, and shared distribution channels.
• CNP Cyprus Insurance Holdings: CNP Cyprus is a leading Cypriot life insurer backed by CNP Assurances (France), offering life, health, and savings products through bancassurance and intermediaries. Comparable to Altius in product mix, distribution via intermediaries, and the Cyprus domestic focus.
• Olympic Insurance (Cyprus): Olympic Insurance is a Cypriot general insurance carrier offering motor, property, and commercial coverage to individuals and businesses. Comparable to Altius in market scope, customer segments (individuals and SMEs), and product line emphasis on motor and property.
• Royal Crown Insurance: Royal Crown Insurance is a Cyprus-based multi-line carrier offering life, motor, property, and health coverage. Directly comparable to Altius in product breadth, Cypriot operating geography, and intermediary-driven GTM model.

Broad incumbents

• MetLife Cyprus: MetLife Cyprus offers life and health insurance as part of the global MetLife group's portfolio. Comparable to Altius in life and group products but with substantially greater scale, capital backing, and product breadth from the global parent.

Regional players

• Astro Bank Insurance Partners: Astro Bank, the strategic partner announced by Altius in 2025, distributes insurance products through its Cyprus banking network. Comparable as a bancassurance channel partner operating in the same Cypriot market, though Astro itself is primarily a bank rather than an insurer.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/AltiusInsuranceEU
• Instagraminstagram.com/altius.insurance.cy
• LinkedInlinkedin.com/company/altiusinsurance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 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 Altius Insurance