Life and General insurance
Companies formed and registered with a view to carrying on insurance business in any part of the world other than Cyprus are
treated as companies carrying on such business within the island. Their incorporation and operation is governed by the Insurance
Companies Law, which is similar to the equivalent English law. It contains regulations relating to solvency margins, minimum
subscription, financial reporting, investment of premiums and prohibition on loans to certain persons.
Cyprus International Business Entities maintaining a physical presence in Cyprus also include a number of agents and brokers
as well as a number of firms which provide a wide range of services to insurance companies without themselves engaging in
insurance business. As with all other Cypriot insurance companies, the regulatory authority for those operating internationally is
the Superintendent of Insurance, Ministry of Finance.
See also Captive Insurance Companies
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