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CNP Cyprialife is now ERB Cyprialife
CNP Cyprialife, Cyprus's largest life insurer, was renamed ERB Cyprialife on 2 July 2025 after Hellenic Bank bought CNP Cyprus Insurance Holdings for 182 million euros. Here is an honest broker's profile: what changed, who owns it now, what happens to existing CNP policies, its life and health products, contact details, and how it compares against the market.
DigiCare is an independent insurance broker. We are not affiliated with, endorsed by, or an agent of ERB Cyprialife or the Eurobank Group. This profile is editorial: we explain the CNP-to-ERB rebrand factually and compare the company against 10+ Cyprus insurers so you can see where you get the best value.
COMPANY AT A GLANCE
Cyprus's largest life insurer, now under Eurobank
Life, health and savings plans; renamed from CNP Cyprialife in July 2025
- Incorporated
- 1995 (roots in Laiki Cyprialife)
- Ownership
- Eurobank Group, since 2025
- Life market share
- 21.3% (H1 2025)
- Offices
- Nicosia, Limassol, Larnaca, Paphos, Paralimni
THE REBRAND
What happened to CNP Cyprialife?
CNP Cyprialife was renamed ERB Cyprialife on 2 July 2025. Hellenic Bank, now part of the Eurobank Group, acquired CNP Cyprus Insurance Holdings for 182 million euros, and the company is merging with Hellenic Life and Pancyprian Insurance to form the largest insurance organisation in Cyprus. Existing policies continue unchanged.
The company has changed its name before. It began as Laiki Cyprialife, the life-insurance arm of the Laiki banking group. In 2008 France's CNP Assurances agreed to buy a 50.1 percent holding, a deal completed in January 2009, and the company traded as CNP Cyprialife for the next decade and a half. The current entity was incorporated in 1995 to provide life insurance, private investment and savings plans.
In 2025 the ownership changed again: Hellenic Bank acquired CNP Cyprus Insurance Holdings for 182 million euros, and on 2 July 2025 CNP Cyprialife and its general-insurance sister CNP Asfalistiki were renamed ERB Cyprialife and ERB Asfalistiki. The next step announced by the group is a legal merger with Hellenic Life and Pancyprian Insurance, the insurance subsidiaries of Hellenic Bank, creating the largest insurance organisation in Cyprus under the Eurobank Group. The old website, cnpcyprialife.com, now redirects to erbcyprialife.cy.
For customers, the companies say operations continue uninterrupted with the same staff: existing CNP policies remain valid under the new name. ERB Cyprialife writes life, accident and health cover plus savings and investment plans, while ERB Asfalistiki handles general insurance such as motor and property. As an independent broker, DigiCare can quote you across many Cyprus insurers, so you can weigh the new market leader against the rest of the market.
ERB Cyprialife at a glance
- Type
- Life, accident & health insurer
- Renamed
- 2 July 2025 (ex CNP Cyprialife)
- Parent
- Eurobank Group (via Hellenic Bank)
- Regulator
- Superintendent of Insurance (ICCS)
FINANCIAL STRENGTH
Is ERB Cyprialife reliable?
Yes. ERB Cyprialife is Cyprus's largest life insurer, with a 21.3 percent life market share and 90.3 million euros of premiums in the first half of 2025, up 6.7 percent year on year. Its former parent's Cyprus companies earned 25 million euros in combined 2024 profits, and it is now backed by the Eurobank Group.
21.3%
Life market share (H1 2025)
€90.3M
Premiums (H1 2025)
€25M
Combined 2024 profits (CNP Cyprus)
€182M
Acquisition price (2025)
These figures come from Cyprus insurance-market reporting and the acquisition announcements. A 21.3 percent share of the life market, growing 6.7 percent in a year, marks the clear market leader, and the planned merger with Hellenic Life and Pancyprian Insurance will concentrate an even larger book under one roof. The 182 million euro price Hellenic Bank paid is itself a statement about the quality of the portfolio. Ownership by a major banking group adds capital strength, though it also means the insurer's priorities are set at group level.
Cyprus Mail's coverage of the rebrand documents the July 2025 renaming, and the Superintendent of Insurance supervises the solvency of every licensed Cyprus insurer.
WHY THIS MATTERS
Market leadership is only half the decision. As a broker, DigiCare weighs ERB Cyprialife's scale against other insurers' prices and terms, and stays on your side at claim time, so you get both security and value.
PRODUCTS
What does ERB Cyprialife offer?
ERB Cyprialife focuses on personal financial protection: life insurance, accident and health cover, and savings and investment plans. General insurance such as motor and property sits with its sister company ERB Asfalistiki.
| What it includes | Life & ProtectionCore line | Health & AccidentMedical | Savings & InvestmentWealth | Group SchemesBusiness |
|---|---|---|---|---|
| Lump-sum protection for your family | ||||
| Hospitalisation and medical expenses cover | ||||
| Accident and disability benefits | ||||
| Long-term savings and investment plans | ||||
| Employer group life and medical schemes | ||||
| Supervised by the Superintendent of Insurance |
ERB Cyprialife and ERB Asfalistiki are separately licensed entities supervised by the Superintendent of Insurance: life and health cover sits with ERB Cyprialife, general insurance with ERB Asfalistiki.
Product families as described in the company's own materials. Plan names, limits and exclusions vary by policy; always read the policy schedule. For a market-wide health comparison, DigiCare quotes DCare and international insurers alongside local plans.
COST
How much does ERB Cyprialife cost?
ERB Cyprialife does not publish fixed prices; life and health premiums are individually underwritten. As a Cyprus market guide, basic private health cover starts around 40 to 60 euros a month, comprehensive plans run 80 to 150 euros, and term life cover depends on age, sum insured and health.
These are average Cyprus market rates, not ERB Cyprialife's own published prices.
Your premium depends on your age, medical history, sum insured, and the riders you add. The cheapest quote is not always the best value: check the exclusions, waiting periods, how pre-existing conditions are treated, and whether documents and claims support come in English. Bank-owned insurers often distribute through branch networks, so make sure the plan you are offered at a bank counter is compared against the open market before you sign.
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PAY & CLAIM
How to contact, pay and claim with ERB Cyprialife
ERB Cyprialife customers deal with the company through its offices, its agents and its service lines on 22111213 and 22363407. Existing CNP Cyprialife policies continue unchanged under the new name; premiums, cover and claims run exactly as before the rebrand.
1
Keep your policy documents
Your CNP Cyprialife policy remains valid under ERB Cyprialife. No new signature is needed; the insurer's name on future documents simply changes.
2
Contact the company
Call 22111213 or 22363407, email contact@erbcyprialife.cy, or visit one of the six offices across Cyprus, from Nicosia to Paralimni.
3
Report a claim
Notify the company or your agent as soon as possible with your policy number and supporting documents; health claims need medical reports and invoices.
4
Track the transition
During the legal merger with Hellenic Life and Pancyprian Insurance, watch for letters about where your policy is administered. The group says operations continue uninterrupted.
Buying direct or at a bank counter, you handle every step with the insurer alone. With a broker, you have one point of contact for paperwork and claims, whichever insurer you are placed with, and someone to push for a fair, fast settlement.
OFFICES & CONTACT
ERB Cyprialife offices and contact details
ERB Cyprialife's head office is on Akropoleos Avenue in Strovolos, Nicosia, with six offices across Cyprus: two in Nicosia, two in Limassol, and one each in Larnaca, Paphos and Paralimni.
The service lines are 22111213 and 22363407, and the email is contact@erbcyprialife.cy. The old cnpcyprialife.com website redirects to erbcyprialife.cy.
Prefer to speak to someone in English, Greek or Russian who can also compare other insurers for you?
Get your free comparison quoteContact details are published by the company and shown here for reference. Office hours are typically Monday to Friday 09:00-13:00 and 15:00-18:00, with Wednesday afternoon closed; check before visiting.
- Head office
- 17 Akropoleos Avenue, Strovolos 2006, Nicosia
- Service lines
- 22111213 / 22363407
- contact@erbcyprialife.cy
- Offices
- Nicosia (2), Limassol (2), Larnaca, Paphos, Paralimni
- Website
- erbcyprialife.cy (ex cnpcyprialife.com)
- Sister company
- ERB Asfalistiki (general insurance)
PROS & CONS
ERB Cyprialife pros and cons
What works
- Cyprus's largest life insurer: 21.3 percent market share and 90.3 million euros of premiums in H1 2025, growing 6.7 percent.
- Backed by the Eurobank Group after a 182 million euro acquisition, with a merger underway that creates the country's largest insurance organisation.
- A 30-year track record under three names, from Laiki Cyprialife through CNP Cyprialife, with existing policies continuing unchanged.
- Six walk-in offices across every district of Cyprus.
What to watch
- The CNP-to-ERB rebrand and the pending merger mean paperwork, branding and administration are in transition.
- No published prices, so you cannot compare value without asking for a quote.
- Life and health only: motor and property sit with sister company ERB Asfalistiki, so one-stop cover means dealing with two entities.
- Bank-group distribution can steer you to in-house products; direct customers have no independent broker at claim time.
ERB Cyprialife is the market leader, and for many families its plans will be a strong fit. The point is that you only know that after comparing. A broker shows you several real quotes, then stays on your side at claim time.
BROKER ALTERNATIVE
ERB Cyprialife direct, or compare with DigiCare?
Buying from ERB Cyprialife directly, or at a bank counter, gets you one strong insurer's quote. DigiCare is an independent broker: we compare the market leader against 10+ Cyprus insurers including DCare, advise in plain English, Russian or Greek, and advocate for you at claim time.
- Real quotes from 10+ Cyprus insurers in one step
- Advice in English, Russian and Greek
- Claims advocacy on your side
- The market leader weighed against the whole market
5.0 on Google
FAQ
CNP Cyprialife / ERB Cyprialife: FAQ
Quick answers to the questions people ask about the rebrand, plus how a broker can help.
+357 26 221 666Yes. CNP Cyprialife was renamed ERB Cyprialife on 2 July 2025 after Hellenic Bank, part of the Eurobank Group, acquired CNP Cyprus Insurance Holdings for 182 million euros. It is the same legal entity with the same staff and offices; only the name and ownership changed. Its sister company CNP Asfalistiki became ERB Asfalistiki on the same day.
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Call usEDITORIAL DISCLOSURE
DigiCare is an independent insurance broker authorised by the Insurance Companies Control Service. We are not affiliated with ERB Cyprialife or the Eurobank Group. The rebrand date, acquisition price and merger plans are from Cyprus Mail and Cyprus Business News reporting of the companies' announcements; market-share and premium figures are from Cyprus insurance-market reporting for H1 2025; contact details are from the company's published information. We do not invent review scores.