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About Us

Company Profile

If you want to be insured at an extremely reasonable and affordable cost with a high financial strength company as well as being treated fairly and paid quickly when you suffer any loss or damage or incur liability, then you want HYDRA Insurance. When you insure with HYDRA Insurance you are buying real solid insurance and an exemplary personalized professional service throughout your relationship with us.

HYDRA Insurance was established in 2001, as a natural development of the successful presence of its founders in the Cyprus Insurance Market for more than 55 years, based on their long-standing commitment to customer service, customer satisfaction, and customer trust. The Company specializes in the general insurance business, providing a full range of innovative insurance products: Personal Insurance, catering for the needs of individuals, and Commercial Insurance, catering to the needs of the business community.

Over these years, and not withstanding the highly competitive local insurance environment, we have managed to grow into a large organization, with a consistently superior performance both in terms of business development as well as profitability, as a testimony of our customers’ loyalty. The Company has a significant market share, with a premium income of €17.5m surpassing ten other insurance companies transacting general business with a longer presence in the market.

Who We Are

Our Mission Our Core Values Our Team
To always exceed customer expectations and to help our customers achieve financial security, financial stability and peace of mind
To be the insurance company of choice for customers, agents and all other associates, with innovative insurance solutions to satisfy clients’ needs with exemplary personalized service.
We continuously enhance our products and services, leveraging the latest technology to exceed customer expectations and provide an outstanding experience.
We prioritize ethical conduct and open communication, fostering strong, trustworthy relationships with our customers, agents, and associates.
We keep our promises and we are committed to treat every customer as we would want to be treated.
We process claims fairly, efficiently and expeditiously.
Strong commitment in the use of technology as a means of best serving our clients and generating best possible results.
We strive for excellence in all that we do, to further improve our performance and our results, for the benefit of our customers, our people and our shareholders.
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Our staff and our intermediaries are our greatest asset in achieving operational excellence.
Continuous investment in training and development of our people.
Recruitment of highly experienced insurance industry professionals.
We strongly believe and promote professionalism within our organization, to meet the challenges of the ever changing needs of our clients.
We work together like a family, to achieve one goal: to give our best service to our customers, to our agents and to our shareholders.

Solvency Reports II

Solvency and Financial Condition Report - 2016

Solvency and Financial Condition Report - 2017

Solvency and Financial Condition Report - 2018

Solvency and Financial Condition Report - 2019

Solvency and Financial Condition Report - 2020

Solvency and Financial Condition Report - 2021

Solvency and Financial Condition Report - 2022

Solvency and Financial Condition Report - 2023

Solvency and Financial Condition Report - 2024

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