In recent years, COSMOS Insurance<\/strong> has maintained a consistently upward trajectory, strengthening its profitability, solvency and position in the Cypriot insurance market. The Company\u2019s Chief Executive Officer, Mr Kyriakos Tyllis, discusses the strategy behind COSMOS\u2019s performance, the challenges facing the insurance sector, the evolving needs of policyholders and the Company\u2019s objectives for the years ahead.<\/p>\n COSMOS recorded strong profitability. What were the main factors behind this performance?<\/strong><\/p>\n Our strong profitability is the result of a consistent strategy that we have been implementing steadily over the past few years. We focus on building a quality portfolio, prioritising the proper selection and pricing of risks rather than simply increasing business volumes.<\/p>\n Effective claims management has enabled us to maintain a particularly healthy claims ratio, which has contributed significantly to our financial results. At the same time, we continue to invest systematically in technology, the modernisation of our processes and, most importantly, our people, enhancing both efficiency and service quality.<\/p>\n Is profitability an end in itself, or part of a broader strategy?<\/strong><\/p>\n Profitability is not an end in itself. Our objective is to create long-term value for our policyholders, partners and shareholders through stable and sustainable growth. We do not pursue short-term results at the expense of stability, and our performance in recent years confirms that this philosophy is delivering results.<\/p>\n Net profit for 2025 amounted to \u20ac3.20 million. What was the contribution from insurance operations and what was the contribution from investments?<\/strong><\/p>\n COSMOS\u2019s growth is primarily driven by its insurance activities, while investments play a supporting role.<\/p>\n Profit from insurance operations amounted to \u20ac3,982,973 before taxation and other administrative expenses<\/strong>, demonstrating that sound insurance operations remain the core pillar of our profitability. Investment income amounted to \u20ac417,321 before taxation<\/strong>, further strengthening the Company\u2019s financial results and financial position.<\/p>\n Insurance revenue increased by 6.61%, reaching \u20ac22.61 million. Which business lines contributed the most?<\/strong><\/p>\n Growth was driven by the positive performance of all business lines, which demonstrates the balanced structure of our portfolio. The largest contributions came from the Health and Accident<\/strong> classes, which recorded growth of 7%, and the Property<\/strong> class, which grew by 12%. The Motor<\/strong> class also performed positively, recording an increase of 6%.<\/p>\n In an environment of economic uncertainty and rising claims costs, how do you ensure sustainable growth?<\/strong><\/p>\n Growth cannot be based on favourable circumstances alone. It requires discipline, proper risk assessment and a balance between growth and profitability.<\/p>\n Our strict underwriting policy is a key tool in maintaining the quality of our portfolio. Equally important are our long-standing relationships with reliable insurance intermediaries, who understand the philosophy of COSMOS and contribute to the development of a strong portfolio.<\/p>\n Our track record to date demonstrates that prudent risk management and strong partnerships are among the most important safeguards for maintaining our growth momentum.<\/p>\n From 2020 to 2025, the solvency ratio increased from 108% to 232%. What drove this improvement?<\/strong><\/p>\n This represents one of COSMOS\u2019s most significant achievements. Strong capital adequacy is not merely a regulatory requirement, but a fundamental prerequisite for the Company\u2019s stability and future growth.<\/p>\n This improvement is attributable to the quality growth of the portfolio, appropriate risk pricing, effective claims management and prudent management of capital and investments. At the same time, the consistent profitability achieved in recent years has significantly strengthened the Company\u2019s own funds, creating a strong capital base for the future.<\/p>\n Can the current levels of profitability be maintained?<\/strong><\/p>\n We remain optimistic, while fully recognising the challenges facing the insurance sector, including intense competition, inflationary pressures and increasing market demands.<\/p>\n Our results are not circumstantial. They reflect the sound strategic decisions taken over recent years and enable us to adapt to changing conditions while maintaining our financial strength and enhancing our competitive position.<\/p>\n What are COSMOS\u2019s main objectives for the period ahead? Are there plans to expand into new markets?<\/strong><\/p>\n The next stage of our development is based on continuing our growth trajectory, with an emphasis on quality rather than simply increasing the size of the portfolio.<\/p>\n Our objective is to strengthen our presence through organic growth and new insurance solutions that respond to the modern needs of our customers. At the same time, we continue to invest in technology and the digitalisation of our services, while a further priority is to strengthen our network of insurance intermediaries alongside the development of our direct business.<\/p>\n With regard to expansion into new markets, we continuously assess opportunities that could create additional value for the Company and its shareholders, always applying strict criteria and with sustainable growth as our guiding principle.<\/p>\n How does COSMOS Insurance use technology and digital transformation to improve the customer experience?<\/strong><\/p>\n Technology is a key pillar of our strategy. In recent years, we have invested systematically in modern digital infrastructure, with the objective of delivering faster, more flexible and higher-quality services.<\/p>\n A significant competitive advantage for us is our specialised IT team, which develops and continuously enhances our information systems. This allows us to respond quickly to market needs, implement new functionality without dependence on third parties and innovate at speed.<\/p>\n At the same time, we operate within a fully digitalised insurance environment, supported by electronic platforms that enable partners and customers to issue policies, manage contracts and claims, make electronic payments and communicate easily with the Company.<\/p>\n We also make use of artificial intelligence applications and automated processes to reduce service times and provide more personalised services. For us, technology enhances the human element rather than replacing it.<\/p>\n What are the greatest challenges, but also the most important opportunities, for the insurance market?<\/strong><\/p>\n The insurance market is called upon to address significant challenges, including the rising cost of claims due to inflation and the increased frequency of accidents in the Motor class, the effects of climate change and natural catastrophes, stricter regulatory requirements and growing cybersecurity risks.<\/p>\n At the same time, certain legislative measures, when they do not adequately reflect the real needs of the market, can create additional difficulties.<\/p>\n However, significant opportunities are also emerging. Technology, artificial intelligence and the effective use of data enable more efficient processes, better customer service and the development of insurance products tailored to customers\u2019 individual needs.<\/p>\n At the same time, we are seeing a growing recognition within society of the importance of insurance in protecting health, property and business activity.<\/p>\n Are you seeing changes in the needs of policyholders?<\/strong><\/p>\n Undoubtedly. Today\u2019s policyholders are no longer looking simply for an insurance policy. They expect comprehensive solutions, immediate response, transparency, digital capabilities and an insurance company that will be there when they need it.<\/p>\n At the same time, there is increasing interest in covers that, until a few years ago, were considered secondary, such as private health insurance, protection of homes against natural catastrophes and specialised solutions for families and businesses.<\/p>\n How is COSMOS Insurance responding to these new expectations?<\/strong><\/p>\n Customers today are better informed and more demanding, assessing not only products but also the reliability, solvency and speed of service offered by an insurance company.<\/p>\n For us, these changes are a motivation for continuous improvement. We invest in upgrading our products, technology and human resources so that we can provide services based on trust, speed and personalised service.<\/p>\n We believe that the future of insurance is not limited to compensation following a loss. It lies in prevention, continuous support and the provision of genuine security in people\u2019s everyday lives.<\/p>\n Insurance or investments: which will be the main driver of COSMOS\u2019s growth in the years ahead?<\/strong><\/p>\n Insurance activities will remain the principal driver of growth for COSMOS Insurance<\/strong>, as they represent the core of our operations and the area in which we create the greatest value for our policyholders, partners and shareholders.<\/p>\n Investments also play an important role, as they support profitability, solvency and the Company\u2019s overall financial strength. However, they remain complementary to our insurance activities. For this reason, we follow a disciplined investment policy focused on preserving capital strength, stability and reliability.<\/p>\n We believe that COSMOS\u2019s future success will continue to depend on maintaining the right balance between a strong insurance business and a prudent investment policy. This model enables us to grow safely, consistently meet our obligations and create stable prospects for the future.<\/p>\n The interview is available on the website of Kathimerini \u2013 Economy<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Kyriakos Tyllis: COSMOS Insurance\u2019s Strong Capital Base In recent years, COSMOS Insurance has maintained a consistently upward trajectory, strengthening its profitability, solvency and position in the Cypriot insurance market. The Company\u2019s Chief Executive Officer, Mr Kyriakos Tyllis, discusses the strategy behind COSMOS\u2019s performance, the challenges facing the insurance sector, the evolving needs of policyholders and […]<\/p>\n","protected":false},"author":5,"featured_media":17192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[86,137],"tags":[],"class_list":["post-17507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en","category-interviews"],"acf":[],"yoast_head":"\n