Non-life insurance reserves as a percentage of GDP reached 2.51 % in 2013 in Cyprus, according to the National Central Bank / OECD. This is 3.16 % less than in the previous year.
Historically, non-life insurance reserves as a percentage of GDP in Cyprus reached an all time high of 4.23 % in 2011 and an all time low of % in.
Cyprus has been ranked 17th within the group of 26 countries we follow in terms of non-life insurance reserves as a percentage of GDP.
Non-life insurance reserves are a stated amount of liquid assets that an insurer must have on hand that will satisfy all claims from in-force insurance policies and other outstanding liabilities.