Insights
Insightful Perspectives with Meaningful Impact
New case law in Cyprus on insurance recovery
Recovering payments made for third-party accidents under an insurance policy often proves more complex than insurers initially anticipate. Recent court rulings highlight that insurers must obtain a court judgment to recover compensation in certain circumstances.
Compensations Booklet 2024
In our Compensations booklet for 2024 you may find a summary of all judgments issued by Cypriot courts in 2023, in which compensations were awarded for damages resulting from any form of accident.
IIC Hosts Seminar on Inheritance Law: Delivered by Nicolas Kyriakides
The Insurance Institute of Cyprus (IIC) recently conducted a one-day seminar titled “Succession and Insurance,” featuring a presentation by our partner, Nicolas Kyriakides. This seminar provided a comprehensive introduction to inheritance law, specifically addressing its - Read More...
The 9th Pancyprian Conference of PSEAD – Key takes on European Trends and Industry Insights
The 9th Annual Conference of the Pancyprian Association of Professional Insurance Intermediaries (PSEAD) took place in May at the Strovolos Municipal Theatre, focusing on key European trends affecting the insurance sector.
Court of Appeal’s significant judgment on Rome II Regulation in Nicholls v AXA
On 27 June 2024, the English Court of Appeal delivered a judgment in Nicholls v AXA Assistance Group T/A AXA Travel Insurance [2024] EWCA Civ 718, addressing crucial issues under the Rome II Regulation (“Rome - Read More...
Latest Developments in Insurance Law
On the 26th June 2024 Harris Kyriakides successfully hosted the seminar titled “Latest Developments in Insurance Law”. During the event, a diverse range of topics were covered, including Civil Procedure Rules and compensation cases, the - Read More...
First Court Decision in Cyprus that has allowed Witness Testimony via videoconferencing in a Civil Case
For the first time in Cyprus, a court decision has been made in a civil case with witness testimony being allowed via videoconferencing, pursuant to Article 36A of the Evidence Law, Chapter 9. This decision - Read More...
Seminar focused on the legal definition of a whistleblower
Last week, we had the chance to present the new law for the protection of whistleblowers to the staff of Altius Insurance. The two-hour seminar focused on the legal definition of a whistleblower, the extent - Read More...
EIOPA’s Second Report on the Implementation of IDD: Improvements and Challenges
Following the strategic update by the European Insurance and Occupational Pensions Authority (EIOPA) regarding the Supervisory Convergence Plan for 2024, it is important to reflect on the impact of the Insurance Distribution Directive (IDD).
European Financial Sector Strengthens Digital Resilience: DORA Regulations in Focus
In a significant move towards enhancing digital operational resilience in the European Union’s financial sector, the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and European Securities and Markets Authority (ESMA), also - Read More...
Amendment to The Motor Vehicles (Third Party Liability Insurance) Laws of 2000-2021 Law Number 167(I) of 2023
On 20 December 2023, the House of Representatives passed a pivotal legislative amendment, Law Number 167(I) of 2023, bringing significant changes to the legal framework governing the Motor Vehicles’ Third Party Liability Insurance Laws of - Read More...
EIOPA’s 2024 Supervisory Convergence Plan
On 21 December 2023, the European Insurance and Occupational Pensions Authority (EIOPA), in a significant update to its strategic plan, unveiled its Supervisory Convergence Plan for 2024, marking a pivotal step toward fostering a cohesive - Read More...