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"Innovative and flexible insurance covers" - interview by Evros Kyriakides

Evros Kyriakides is GIC's Technical Manager. The original interview appeared in the Sep'19 issue of Capital Today magazine, in the greek language.

What are the challenges you face as an insurance company?

A major challenge, and also one of the most important goals of General Insurance of Cyprus, is to provide products, services and a level of customer service which meet the needs and demands of the market and society today. An important current trend is the use of the internet which, apart from being a way of finding out about, evaluating and buying products and services, is also a major means of communication, interaction and socialising. General Insurance of Cyprus is the insurance company which paved the way for digital reform in the Cypriot market after it first launched the sale of insurance policies online. Via the website www.gic.com.cy, the user can find out about product features and price, purchase motor, home, travel, driver and hunter insurance and receive their insurance policy via email within minutes.

In addition to taking full advantage of the internet, General Insurance of Cyprus is investing in new technologies and in digitally transforming the Company’s operations to the benefit of its customers, its associates and its staff.

The broader goals/challenges of the company are:

  • Focusing on customer service via a customer centric approach and developing all channels, new and existing, for the promotion and sale of insurance policies.
  • Promoting and adopting innovative practices spanning the entire spectrum of the Company’s operations and continuous investment in human resource through training, guidance and motivation.
  • Maintaining a balanced portfolio offering both enriched and flexible products and keeping costs down by improving operating efficiency.

What moves have you made in the digital age?

A significant innovation we’ve announced is the mobile phone app Drive Safe – the ground-breaking telematics application which records driving behaviour, helping drivers to improve and drive more safely and in a more environmentally-friendly way, saving on costs and fuel.

Using the mobile phone’s sensors and location service, Drive Safe recognises the beginning and end of every trip and rate the user’s driving behaviour. The score for each trip and the driver’s total score is calculated using Drive Safe’s advanced grading algorithm.  Drive Safe provides the driver with full and detailed feedback on their driving behaviour for every journey, noting all the points at which the driving was not ideal. Via the app, distraction of the driver’s attention can be measured; one of the most significant causes of road traffic accidents today. The driver can monitor his or her driving behaviour over time and how it compares with that of other drivers.

Drive Safe rewards good drivers who will soon get a discount on the renewal of their insurance policy, according to their rating, as well as reward points, Safe Miles, which can be redeemed at our selected partners.

Drive Safe is one of the first steps in the Digital Transformation strategy of General Insurance of Cyprus which is in full swing. Many more developments are at the planning stage, moving towards implementation, and will be announced soon. Our goal is to continue to be pioneers in adopting and integrating new technologies, tools and processes which will offer our customers - and our prospective customers - a constantly upgraded digital experience.

New distinction for the General Insurance of Cyprus Legal Department

For over 30 years, The Legal 500 studies and analyzes the capabilities of law firms around the world, and its publications are a reference point for those looking for the best law firms. The General Counsel Powerlist of Cyprus and Greece 2019, the most recent edition of The Legal 500, focuses on and evaluates legal departments within companies, recognizing the distinguished lawyers and legal teams. GC Powerlist for Greece and Cyprus highlights those legal divisions with the greatest prestige, influence and innovation in the field.

The Legal 500 evaluated legal departments across Greece and Cyprus to identify those that have contributed to changing or shaping policy and exercising leadership in their company or industry by developing technical solutions to complex issues and by creating innovative structures to lead the business in the future. The experienced team of researchers at The Legal 500 distinguished the General Insurance of Cyprus Legal Department as one of the best in Greece and Cyprus, across the range of economic activity (not only in the insurance industry).

This distinction is yet another reward for the professionalism, prestige and high-level of training and service that GIC’s Legal Department provides and for which the Company is distinguished.

Termination of American Express cards

With regards to the recent announcement from Bank of Cyprus concerning the termination of American Express cards, in order to keep your Policy in-force, and bearing in mind that the above Policy is paid via American Express, you must inform us about a your new chosen payment method for  your Premium.   You may settle the Premium for the above Policy either via:  

1.       Another debit/credit card (by filling out Form 1), or

2.       Sepa Direct Debit (by filling out Form 2).

Note that if you are not the cardholder/bank account owner of the card/account to be debited, the relevant order (Form 1 or 2) must be signed by the cardholder/bank account owner.

Please be assured that the above change in Premium payment method will not affect any discounts you are entitled to – these will continue to apply. Please forward your instructions regarding your preferred Premium payment method as soon as possible, by submitting the relevant Form either by post, at any of our branches, to your insurance intermediary directly, or by E-mail to general@gic.bankofcyprus.com

For any clarifications, call us on 8000.87.87 or contact your insurance intermediary.

General Insurance of Cyprus is the choice for you.

  1. Comprehensive Plans.
  2. Reliable Insurance.
  3. Fast Service.

Home Plus και Home Superior insurance plans offer the 24-hour Home Assistance service.

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General Insurance of Cyprus is the choice for you.

IMG

Comprehensive Plans

You can choose between many insurance options.

IMG

Reliable Insurance

For 4 years now we’ve been the number one preferred choice for people taking out insurance.

IMG

Fast Service

Following damages, we handle Claims directly and effectively.

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8000.87.87