CNP Asfalistiki

What CNP Asfalistiki does

ERB ASFALISTIKI (referred to in the firmographic record as CNP Asfalistiki) is a Cyprus-based general insurance company operating since 1981 from its headquarters at Leoforos Akropoleos 17, 2006 Strovolos, Nicosia, with a branch operation in Greece. The company is the non-life insurance arm of the ERB Group, which spans sister entities ERB CYPRUS and ERB CYPRIALIFE in Cyprus and Cyprus Life operations in Greece. The company employs 59 people and serves both individual consumers and business customers with a horizontal insurance product portfolio covering motor (Motor Plus, Comprehensive, Third Party/Fire/Theft), property (Private Combined, Private Residence, Commercial Property, Shop, Office), health and accident (Personal, Foreign Employees, Alien Medical, Group), liability (Employers, Public, Products), travel, marine (Yachts, Cargo), technical (Contractors All Risk, Erection All Risk, Electronic Equipment), and economic-loss (Fidelity Guarantee, Money) lines. Its underlying technology stack centers on the Insupass mobile application (available on iOS and Android) and the eservices.erbinsupass.cy portal, which together provide 24/7 policy management, claims submission, and premium payments alongside a dedicated agent portal for the licensed intermediary network.

The business model is built on collecting recurring insurance premiums from policyholders (annual billing cycles with quote-based pricing through agents and online inquiry). Distribution runs through a four-channel architecture: a licensed agent/broker network servicing enterprise and complex personal lines, the Insupass mobile app for direct customer engagement, an online customer self-service portal, and phone support. Marketing activity extends to community CSR initiatives (Ministry of Defence road safety campaigns, workplace safety seminars, fire-prevention awareness, and Triathlon sponsorship) and a bilingual Greek/English web presence. The company is privately held, with no public ticker, no disclosed investors or funding rounds, and no disclosed revenue or premium income, indicating a closely-held operation that has operated for over four decades primarily through organic development and intra-group integration rather than external capital events.

Name

CNP Asfalistiki

Legal name

ERB ASFALISTIKI

Website

https://cnpasfalistiki.com

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

CNP Asfalistiki (operating as ERB ASFALISTIKI) is a Cyprus-based general (non-life) insurance company serving individuals and businesses across motor, property, health, liability, travel, marine, and technical lines, with a Greek branch and Insupass mobile app distribution.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers (5241)

SIC

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

akta.pro primary industry

Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

akta.pro secondary industry

Commercial General Liability (CGL) (FSAJADAA)

Keywords

• General insurance
• Motor insurance
• Property insurance
• Commercial insurance
• Liability insurance

Headquarters

HQ city

Strovolos (Nicosia)

HQ country

Cyprus

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: Collection of insurance premiums from personal and business lines including motor, property, health, liability, travel, marine, and technical insurance products.

Pricing tiers

Distribution channels4 records

Marketing channels4 records

Core offering

CNP Asfalistiki (operating as ERB ASFALISTIKI) is a Cyprus-based general insurance company offering a broad portfolio of non-life insurance products for both individuals and businesses, including motor, property, health and accident, liability, travel, marine, technical, and economic loss coverage. The company distributes its policies through licensed agents and brokers, supplemented by the Insupass mobile application and online customer portal for 24/7 policy management, claims submission, and premium payments.

Product overview

ERB ASFALISTIKI is a Cypriot insurance company offering a comprehensive portfolio of general insurance products for both individuals and businesses. The product portfolio includes: Motor Insurance (Motor Plus, Comprehensive Insurance Policy, Third Party Liability, Fire & Theft), Property Insurance (Private Combined Policy, Private Residence Basic, Private Residence for individuals; Commercial Property, Shop, Office for businesses), Health & Accident Insurance (Personal Accidents & Health, Foreign Employees, Alien Medical, Group Accidents), Liability Insurance (Employers Liability, Public Liability, Products Liability), Travel Insurance, Marine Insurance (Yachts, Marine Cargo), Technical Insurance (Contractors All Risk, Erection All Risk, Electronic Equipment), and Economic Loss Insurance (Fidelity Guarantee, Money). The company also provides digital services including the Insupass mobile application for 24/7 policy management, claims submission, premium payments, and road assistance tools.

Differentiator

Problem solved

Functional benefit

Brands

• Insupass: Mobile application for managing insurance policies, claims, and payments 24/7

Products and services

• Motor Plus Comprehensive motor insurance policy offering extensive coverage for vehicles, available for personal customers.
• Comprehensive Insurance Policy (Περιεκτικό Ασφαλιστήριο) Comprehensive motor insurance policy providing full coverage protection for vehicles, available for personal and business customers.
• Third Party Liability, Fire & Theft (Ευθύνης έναντι Τρίτων, Πυρός & Κλοπής) Motor insurance covering third-party liability along with fire and theft protection, available for personal and business customers.
• Private Combined Policy (Υπερασφάλιση Ιδιωτών) Combined property insurance policy providing extensive coverage for private individuals across multiple property risks.
• Private Residence Basic (Κατοικίας Ιδιωτών Βασικό) Basic home insurance policy for private residences.
• Private Residence (Κατοικίας Ιδιωτών) Standard home insurance policy for private residences.
• Personal Accidents & Health (Προσωπικών Ατυχημάτων & Υγείας) Personal accident and health insurance coverage for individuals.
• Foreign Employees Health Insurance (Αλλοδαπών Εργoδοτούμενων) Health insurance coverage for foreign employees, available for personal and business customers.
• Alien Medical (Ιατρική Περίθαλψη Αλλοδαπών) Medical coverage insurance for foreign nationals.
• Employers Liability (Ευθύνης Εργοδότη) Employers liability insurance coverage, available for personal and business customers.
• Travel Insurance (Ασφαλιστήριο Ταξιδιού) Travel insurance policies for personal coverage during trips, available for individuals and businesses.
• Yachts (Σκαφών Αναψυχής) Marine insurance for recreational vessels and yachts.
• Marine Cargo (Ναυτασφαλίσεων) Marine cargo insurance coverage, available for personal and business customers.
• Commercial Property (Υπερασφάλιση Επιχειρήσεων) Combined commercial property insurance policy for businesses.
• Shop Insurance (Καταστήματος) Insurance coverage for retail shops.
• Office Insurance (Γραφείου) Insurance coverage for office premises.
• Group Accidents (Ομαδικών Ατυχημάτων) Group accident insurance for employees.
• Public Liability (Αστικής Ευθύνης) Public liability insurance coverage for businesses.
• Products Liability (Ευθύνης Προϊόντων) Products liability insurance coverage for businesses.
• Contractors All Risk (Κατά Παντός Κινδύνου Εργολάβων) All-risk insurance for contractors.
• Erection All Risk (Συναρμολόγησης) Erection all-risk insurance for assembly and construction projects.
• Electronic Equipment Insurance (Ηλεκτρονικών Συσκευών) Insurance coverage for electronic equipment used by businesses.
• Fidelity Guarantee (Εγγύησης Πίστης Υπαλλήλων) Employee fidelity guarantee insurance covering losses from employee dishonesty.
• Money Insurance (Χρημάτων) Insurance coverage for money and cash handling by businesses.
• Insupass Mobile Application Mobile application enabling 24/7 management of general insurance policies for policyholders, including policy viewing, claims submission, and premium payment processing. Available on iOS and Android.
• 24-Hour Road Assistance (Οδική Βοήθεια) Round-the-clock roadside assistance service available to motor insurance policyholders.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• ERB CYPRUScoreOthersPart of the same ERB Group operating multiple insurance entities in Cyprus including non-life and life insurance subsidiaries.
• ERB CYPRIALIFEcoreOthersPart of the same ERB Group operating life insurance operations in Cyprus.
• Ministry of Defence and National Guard (Cyprus)minorStrategic or Co-development PartnerERB ASFALISTIKI supports the Ministry of Defence and National Guard's road safety initiatives, demonstrating corporate social responsibility through community engagement.
• Google Play Store and Apple App StorecoreTechnology or IntegrationDistribution partnerships with major app stores for the Insupass mobile application availability to customers.

Recent moves6 records

Expansion highlights4 records

Direct peers

• Atlantica Insurance: Cyprus-based general insurer writing motor, home, travel and commercial lines for individuals and SMEs — a close direct peer given similar product scope and single-market focus.
• Trust Insurance Cyprus: Cyprus-domiciled general insurer serving personal and commercial clients with motor, property and liability products — directly comparable peer in scale and Cyprus-centric distribution.
• Royal Crown Insurance: Cypriot general insurer focused on personal and commercial lines including motor, property and liability — closely comparable mid-sized competitor in the Cyprus market.
• Universal Life Insurance Company: One of the largest Cypriot general and life insurers, offering motor, property, health and liability products to individuals and businesses in Cyprus — directly comparable in product mix and customer base to ERB Asfalistiki.
• Hellenic Insurance Cyprus: Cypriot subsidiary of a Greek insurance group offering general insurance products (motor, property, liability) on the island — directly comparable in product lines and customer segments.

Broad incumbents

• AIG Cyprus: Cypriot operation of AIG providing general and commercial insurance including liability and specialty lines — overlaps with ERB's product mix but benefits from international group capacity.
• CNP Assurances: Large French insurance group whose name appears in 'CNP Asfalistiki' — a broad incumbent with deep P&C and life underwriting capabilities that historically anchors international subsidiaries of this name.
• Allianz Cyprus: Local branch of global incumbent Allianz offering the full general-insurance suite (motor, home, health, commercial) in Cyprus — comparable portfolio but with global scale, capital depth and brand reach.

Regional players

• Interamerican (Greece): Major Greek general insurer with a strong motor and health franchise — comparable in product scope to ERB Asfalistiki's Greece branch and a useful benchmark for cross-border competitive dynamics.
• Ethniki Insurance (Greece): One of Greece's largest general insurers writing motor, property, marine and liability lines — relevant peer given ERB Asfalistiki's Greek branch operations and overlapping product portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/cnpasfalistiki

Revenue estimate

Valuation estimate

Number of profiles

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 CNP Asfalistiki