Atlantic Insurance

What Atlantic Insurance does

Atlantic Insurance Co. Public Ltd is a Cypriot general insurance company founded in 1983 and headquartered in Strovolos, Nicosia. The company offers 27+ insurance products organized across two main divisions: Individual Insurance Plans (motor, household, property, medical, health for immigration, jointly-owned buildings, yacht, marine cargo, travel including Schengen visa cover, personal accident, pet, and golf) and Business Insurance Plans (motor fleet, property, group medical, group personal accident, employer's liability, public liability, products liability, professional indemnity, contractors all risks, marine cargo, goods in transit, money, travel, cyber risk, directors and officers liability, and fidelity guarantee). The company distributes through four district branches (Nicosia HQ, Limassol, Larnaca, Paphos), 110+ insurance agents and brokers, and online quote request forms, serving both retail and commercial customers across Cyprus.

The company's underlying technology is a general insurance operations platform supporting motor, property, health, marine, travel, and commercial insurance lines, with a customer self-service portal branded 'My Atlantic.' No proprietary AI/ML or advanced technology features are disclosed. Payment integrations include SEPA direct debit, JCC Smart e-bill, web banking, and Revolut (via a branded @atlcy Revtag). Web analytics runs on Google Analytics.

Atlantic Insurance generates revenue primarily through recurring insurance premiums. FY2025 gross premiums were €28.068 million (up from €26.372 million in 2024), with net premiums of €22.209 million and financial income of €1.007 million, yielding profit attributable to shareholders of €20.181 million, a 27.35% return on equity, and €81.118 million in net assets. Pricing is quote-based and not publicly disclosed; customers can request quotes online or at branches. The company is publicly listed on the Cyprus Stock Exchange under ticker ATL and operates a wholly-owned subsidiary, Atlantic Securities, providing securities and financial services under the Atlantic Group brand. Atlantic Insurance maintains a 249% solvency ratio as of December 31, 2024, significantly above the 100% minimum regulatory requirement, and has reported Solvency and Financial Condition Reports annually since 2016.

Name

Atlantic Insurance

Legal name

Atlantic Insurance Co. Public Ltd

Website

https://atlantic.com.cy

Company type

Public

Founded year

1983

Operating status

Operating

Headcount range

51–100 employees

Short description

Atlantic Insurance Co. Public Ltd is a Cypriot general insurance company founded in 1983, offering 27+ individual and business insurance products through four branches and 110+ agents and brokers in Cyprus.

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), Insurance Carriers and Related Activities (524)

SIC

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

akta.pro primary industry

Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB)

akta.pro secondary industries

Inland Marine / Personal Articles & Valuable Items Insurance (FSAJACAJ), Commercial Property Insurance (FSAJACAE), Commercial Auto & Fleet Insurance (FSAJAMAB)

Keywords

• General insurance
• Motor insurance
• Property insurance
• Commercial insurance
• Health insurance

Headquarters

HQ city

Strovolos

HQ country

Cyprus

HQ region

Europe

Offices4 records

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. Insurance Premiums - Individual: Gross premiums from individual insurance products including motor, household, property, medical, travel, yacht, marine cargo, personal accident, pet, and golf insurance. Net premiums of €22.209 million in 2025.
2. Insurance Premiums - Business: Gross premiums from commercial/business insurance including motor fleet, property, group medical, employers liability, public liability, cyber risk, directors & officers liability, and other commercial lines.
3. Financial Income: Income from financial operations including investment returns, revaluation of properties, and net financing income. Financial income of €1.007 million in 2025.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Atlantic Insurance Co. Public Ltd is a Cypriot general insurer that underwrites and distributes personal and commercial insurance products across Cyprus. Its individual portfolio covers motor vehicles, households, property, medical/health (including immigration-linked health cover), travel, marine (yachts and cargo), personal accident, pet, and golf insurance. Its commercial portfolio covers motor fleets, business property, group medical and personal accident, employer's liability, public/products liability, professional indemnity, contractors all risks, marine cargo (hull), goods in transit, money, cyber risk, D&O, and fidelity guarantee insurance. The company operates through 4 district branches, 110+ agents and brokers, and a digital self-service portal.

Product overview

Atlantic Insurance Co. Public Ltd operates as a Cypriot insurance company established in 1983, offering a comprehensive portfolio of 27+ insurance products organized across two main divisions: Individual Insurance Plans and Business Insurance Plans. The Individual portfolio includes personal coverage for motor vehicles, households, property, medical/health needs (including immigration-specific health insurance), marine vessels, travel, personal accidents, pets, and golf. The Business portfolio extends similar coverage types to commercial clients, including motor, property, group medical, group accident, employer's liability, public liability, products liability, professional indemnity, contractors all risks, marine cargo (hull), goods in transit, money, cyber risk, directors and officers liability, and fidelity guarantee insurance. The company also provides online services through its My Atlantic portal for customer self-service.

Differentiator

Problem solved

Functional benefit

Brands

• Atlantic Securities: Subsidiary company providing securities and financial services

Products and services

• Motor Insurance (Individual) Vehicle insurance coverage for personal use, including cars and other motor vehicles owned by individuals in Cyprus. Required for legal vehicle ownership.
• Household Insurance Insurance coverage for residential homes and personal belongings against risks such as fire, theft, and damage, for individual customers in Cyprus.
• Property Insurance Coverage for individual properties including buildings and contents against specified risks for personal customers.
• Medical Insurance Health insurance providing coverage for medical expenses and healthcare services for individual customers.
• Health Insurance (for immigration purposes) Specialized health insurance product designed to meet immigration requirements, particularly for visa applications.
• Jointly-Owned Buildings Insurance Insurance coverage for apartment buildings and jointly-owned properties in Cyprus.
• Yacht - Pleasure Craft Insurance Marine insurance coverage for yachts and pleasure crafts for individual owners.
• Marine Cargo Insurance Insurance coverage for goods transported by sea against loss or damage.
• Travel Insurance (incl. Schengen Visa Cover) Travel insurance including coverage that meets Schengen visa requirements for European travel by individuals.
• Personal Accident Insurance Coverage for accidental death, injury, or disability affecting individuals.
• Pet Insurance (for cats & dogs only) Insurance coverage for domestic pets, specifically cats and dogs, covering veterinary expenses.
• Golf Insurance Specialized insurance coverage for golf equipment, liability, and golf-related risks for individuals.
• Motor Insurance (Business) Vehicle insurance coverage for business-owned motor vehicles and fleets, for commercial customers in Cyprus.
• Property Insurance (Business) Commercial property insurance covering business premises and assets for commercial customers.
• Group Medical Insurance Health insurance plans designed for employers to cover their employees and dependents.
• Group Personal Accident Insurance Group accident coverage for employees within business organizations.
• Employer's Liability Insurance Coverage for employers against claims from employees for work-related injuries or illnesses.
• Public Liability Insurance Coverage protecting businesses against claims from third parties for injury or property damage.
• Products Liability Insurance Coverage for businesses against claims arising from products they manufacture, sell, or distribute.
• Professional Indemnity Insurance Coverage protecting professionals from claims arising from negligent services or advice.
• Contractors All Risks Insurance Comprehensive insurance coverage for construction projects and contractors against all risks during construction.
• Marine Cargo Hull Insurance Insurance coverage for the hull and machinery of vessels engaged in marine cargo operations, distinct from cargo coverage.
• Goods in Transit Insurance Coverage for goods being transported over land against loss or damage.
• Money Insurance Coverage for loss of money, cash, or negotiable instruments during transit or while on premises.
• Business Travel Insurance (incl. Schengen Visa Cover) Travel insurance policy for businesses covering employee travel, including coverage that meets Schengen visa requirements.
• Cyber Risk Insurance Coverage for businesses against cyber threats, data breaches, and cyber-related liabilities.
• Directors and Officers Liability Insurance Coverage protecting company directors and officers from personal liability for decisions made on behalf of the company.
• Fidelity Guarantee Insurance Coverage against losses caused by employee fraud, embezzlement, or dishonest acts.

Quantifiable outcome

• 249% solvency ratio (31/12/24) - well above 100% minimum requirement
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

One partnership is on record.

• Atlantic SecuritiescoreOthersAtlantic Securities is a subsidiary company of Atlantic Insurance Co. Public Ltd, providing financial services under the Atlantic Group.

Scale indicators11 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• CNP Assurances (Cyprus operations): CNP Group operates insurance businesses across the Mediterranean including Cyprus, offering life, health, and P&C. Comparable multi-line product portfolio and Mediterranean market positioning to Atlantic Insurance.
• Admiral Group plc: UK-listed multi-line insurer specializing in motor and household insurance sold through price-comparison websites and direct channels. Highly comparable business model mix (motor-heavy, multi-channel, retail P&C) and focus on underwriting profit similar to Atlantic Insurance.
• Direct Line Insurance Group plc: UK multi-line P&C insurer offering motor, home, and commercial lines through direct, broker, and partnerships. Directly comparable in product mix, omnichannel distribution, and public-company capital allocation discipline.

Broad incumbents

• Allianz SE (Cyprus operations): Global insurance leader with established Cyprus presence offering the full suite of P&C, life, and health products. Comparable in product catalogue breadth, though far larger scale, providing competitive backdrop for Atlantic Insurance.
• AIG (Cyprus operations): American International Group operates in Cyprus through branches and intermediaries, offering commercial and specialty P&C products including D&O, cyber, and professional indemnity - lines Atlantic also offers, but at much larger global scale.

Regional players

• Tryg A/S: Largest Scandinavian non-life insurer offering motor, home, and commercial P&C across the Nordics. Comparable in product mix and multi-channel retail/commercial model, though serving a different European region.
• PZU Group: Largest Central European insurer offering motor, property, health, and commercial P&C in Poland and across the CEE region. Comparable multi-line retail/commercial structure and branch-led distribution.
• Sampo Group (Topdanmark): Finnish insurance group with P&C operations across the Nordics, including Topdanmark in Denmark. Comparable multi-line P&C profile and similar omnichannel distribution philosophy.
• Gjensidige Forsikring ASA: Norwegian multi-line P&C insurer with broad retail and SME coverage. Comparable mix of household, motor, and commercial lines plus strong brand positioning in a defined regional market.

Others

• Hellenic Bank Insurance (Cyprus): Major Cypriot bank with affiliated insurance distribution and bancassurance partnerships. A relevant ecosystem participant given Atlantic's own banking shareholder (Astrobank) dynamic and bancassurance overlap in Cyprus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/atlanticinsurance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 Atlantic Insurance