doulou acknowledges, but he believes that
it is a mistaken view: “When the Government is not in a position to help people,
they need to look to private insurance,”
he explained. “Our advice is that this is
precisely the time when we all need it. By
providing short-period policies, we are
giving people a means of keeping their
insurance. This is a much more effective
method for everyone than, for example,
reducing the premium by 5% or 10%.
As a company we need to maintain the
efficiency of our resources to pay claims
but this way makes it easier for people to
pay. And it’s worth noting that the cost
of insurance in Cyprus is such that everybody can afford it.”
The CEO of Trust Insurance admitted
that the company might face a problem
with premium collection at some point
(“For now people are paying but we don’t
yet know the degree to which businesses
have been affected. It’s too early to tell.”)
but he is not expecting to face any “serious problems”.
“I am confident that we have everything necessary to continue pursuing our
ambitious goals, not only for 2013 but for
The Nest
Group
not only
supports
Cyprus but
intends to
invest more
the subsequent years too,” Christodoulou
said. “We have proved to people over the
past 4 years that we are financially sound,
we are professionals and we have gained
their trust. We aim to become the insurer
of choice in Cyprus. With the backing of
the Nest Group, with its highly-diversified
assets in 23 countries, we expect to become
a company in which people place the same
kind of trust that they used to have in
banks. I believe that, thanks to our strong
foundations, our clear objectives and our
willingness to go further than the competition, we shall remain on course to ݅ɑ́