Incorporated as a private company by prominent Cypriot businessmen in 1970, Universal Life was the first insurance company to be founded in Cyprus after the enactment of the insurance legislation. The company became public in 1987 and was instrumental in the development of the local life insurance sector through the introduction of new insurance concepts and the advancement of insurance values amongst Cypriots. Universal Life is one of the major life insurance companies of the island and the leading company in the local accident and health sector with a market share of 30%. The company is also very active in the domestic real estate sector.
The Company’s products are distributed through a network of 100 professional and highly trained full time insurance agents.
Furthermore, Universal Life is a socially responsible company that gives back to society and invests in areas that have a positive impact on the quality of life of its customers and its fellow citizens, putting into effect its slogan “because life is precious”.