Accounting for Insurance: Precision for Cyprus Insurers and Brokers

From local agencies to international insurers and brokers, accounting for insurance demands flawless premium tracking, strict regulatory reporting, and real-time solvency insight. We deliver exactly that.

Accounting for Insurance That Solves Real Sector Challenges

Eliminate errors and stay regulator-ready. Running an insurance business in Cyprus means handling complex premium accounting, Solvency II reporting, broker commission splits, reinsurance treaties, and constant CySEC scrutiny.

Our Limassol team has delivered specialist accounting in insurance to carriers, brokers, and agencies for over a decade – keeping you compliant, cash-rich, and audit-proof.

Discuss Your Insurance Accounting Needs

Specialized Expertise Across the Insurance Sector

Protect every policyholder with confidence. Cyprus hosts a thriving insurance market – from local general insurers and health providers to international brokers and Lloyd’s coverholders.

We partner with every type of insurance operation on the island and turn regulatory complexity into operational advantage.

We work with:

• General insurance companies and underwriters
• Life and health insurers
• Insurance brokers and agencies
• Reinsurance companies
• Captive insurers
• Managing General Agents (MGAs)
• Lloyd’s coverholders and service companies

Our team stays fully up-to-date with CySEC and Insurance Companies Control Service rules, Solvency II Pillar 3 reporting, IFRS 17 insurance contracts, premium tax, VAT on insurance services, commission clawbacks, and anti-money laundering requirements.

Our Accounting for Insurance Services

Gain clarity, control, and confidence with an insurance accountant who goes far beyond basic compliance. With extensive experience providing accounting for general insurance companies, our services are tailored precisely to the needs of insurance-based operations.

Financial Statements & Regulatory Reporting
Pass every CySEC and ICCS filing effortlessly. Receive IFRS 17-compliant accounts and on-time Solvency II returns that protect your licence and reassure policyholders.

Premium Accounting & Policy Administration
Daily policy booking, premium reconciliations, bordereaux processing, and unearned premium reserve calculations handled flawlessly.

Commission & Brokerage Management
Automated broker commissions, clawbacks, and statements so relationships remain strong and disputes disappear.

Reinsurance Accounting
Accurate recording of ceded premiums, recoverables, and profit commissions with full treaty compliance.

Claims Reserve & IBNR Calculations
Actuarial-supported reserve setting and IBNR reviews that satisfy regulators and rating agencies.

Audit & Assurance Services
Full internal audit support and seamless external audit preparation from an accounting firm for insurance that understands the sector.

Tax Planning & VAT Compliance
Optimised insurance premium tax, VAT exemptions, and Cyprus corporate tax efficiency.

Accounting Software & Digital Transformation
Implementation of market-leading insurance systems with training and ongoing support.

Why Insurance Companies Choose A&C Christofi Ltd

Secure your licence and boost profitability with an insurance accountant who lives and breathes the sector.

For more than two decades, we’ve been the trusted partner to insurers and brokers across Cyprus – from local agencies to international carriers and Lloyd’s coverholders – helping them master Solvency II, automate premium billing, and turn regulation into advantage.

We understand the real pressures you face: rising claims inflation, broker commission disputes, reinsurance volatility, and the need to prove solvency every quarter.

Real Sector Experience
Two decades supporting general insurers, life companies, and international brokers in Cyprus.

Senior-Led Service
Partner-led management with deep expertise in IFRS 17, Solvency II Pillar 3, reinsurance treaties, and broker reporting.

Multilingual Team
Greek, English, and Russian fluency for regulators, reinsurers, and international clients.

Fixed-Fee Clarity
Transparent pricing for quarterly reporting and annual packages – even when claims spike.

Year-Round Partnership
Support for renewals, claims cycles, tax planning, and strategic reviews throughout the year.

When you need accounting for insurance that safeguards your capital and powers your growth, you need a partner who already knows your world inside out. That partner is A&C Christofi Ltd.

Talk to Cyprus’s Insurance Accounting Experts Today

Strengthen your finances and focus on protecting policyholders. Contact our specialist insurance accountant team for a confidential, no-obligation discussion.

Let’s Talk