Insurance law is profoundly unique in terms of legal advocacy and consultation. Legal representation of laws pertaining to insurance in Cyprus is effective due to the high efficiency of law firms in the island. Also, the relaxed insurance laws make it easy for businesses to setup shop while maintaining law advocacy fees throughout. the new Insurance and Reinsurance Services and Other Related Issues Law of 2016 is the main law regulating the insurance sector. The key regulatory body is the Insurance Companies Control Service which operates under the Ministry of Finance.
Other benefits that Insurance Law Cyprus brings to either local or foreign corporate investors is the ability to gather legal information on variety of topics such as M&A, foreign investments, intellectual property, communications and media, real estate, civil litigation and other types of legal litigation. Very useful for all people and takes into account any queries that a solicitor might have.