Hydra Insurance Co. Ltd - Kiti Branch

## 🏢 Company Overview * **Founded in 2001**, Hydra Insurance emerged as a continuation of its founders’ over 50-year experience in the Cypriot insurance market ([Hydra Insurance][1]). * It focuses exclusively on **general insurance**, serving both the individual and business segments with innovative and flexible products ([Hydra Insurance][1]). * With **premium income around €17.5 million**, it holds a notable market share among Cyprus insurers, outperforming some longer-established competitors ([Hydra Insurance][2]). * Company size: approximately **51–100 employees** ([Cyprus Insurance][3]). --- ## 🎯 Mission, Vision & Values * **Mission:** Exceed customer expectations by offering financial stability, security, and peace of mind with fair and fast service ([Hydra Insurance][2]). * **Vision:** Become the insurer of choice for clients, agents, and partners through personalized service and innovative insurance solutions ([Hydra Insurance][2]). * **Core Values:** Integrity, reliability, professionalism, teamwork, excellence, high ethical standards, and strategic use of technology ([Hydra Insurance][2]). --- ## 🛡️ Product Offerings ### Personal Insurance * **Motor Insurance** with five package levels: Third Party; Third Party Fire & Theft; Comprehensive; Silver; Gold. Discounts available for multi-policy holders; claims supported 24/7 ([Hydra Insurance][4]). * **Home Insurance**, with Bronze, Silver, Gold, and Platinum tiers—Platinum being full coverage for owned or rented residences ([Hydra Insurance][5]). * Other offerings: Alien’s Hospitalization, Personal Accident, Travel, Employer Liability, Hunter’s Insurance, etc.—many purchasable online via credit card ([Hydra Insurance][2]). ### Commercial Insurance * **Commercial Risks Insurance**, customizable to cover fire, lightning, explosion, storm, flood, burglary, riot, ML events, business interruption, rent loss, glass breakage, and more ([Hydra Insurance][6]). --- ## 📍 Locations & Contact Info Hydra Insurance operates from four main offices across Cyprus: * **Nicosia HQ**: SEK Building, 11 Strovolos Ave, 5th Floor, Strovolos, Nicosia (PO Box 24653, 2018) Tel: +357 22 454700 | Fax: +357 22 454704 | [info@hydrainsurance.com.cy](mailto:info@hydrainsurance.com.cy) ([Hydra Insurance][7]) * **Larnaca Office**: Elenion Building, Spyros Kyprianou Avenue 83, 3rd Floor, Apt. 301 (6051 Larnaca) Tel: +357 24 661900 | Fax: +357 24 663412 | [larnacabranch@hydrainsurance.com.cy](mailto:larnacabranch@hydrainsurance.com.cy) ([Hydra Insurance][7]) * **Paralimni Office**: 29 Nicos Psara Street, Paralimni (5280) Tel: +357 23 740017 | Fax: +357 23 740092 | [paralimnibranch@hydrainsurance.com.cy](mailto:paralimnibranch@hydrainsurance.com.cy) ([Hydra Insurance][7]) * **Kiti Office (Larnaca District)**: Gravias Street 16, Offices 1 & 2, Kiti (7550) Tel: +357 24 426676 | Fax: +357 24 426656 | [kitibranch@hydrainsurance.com.cy](mailto:kitibranch@hydrainsurance.com.cy) ([Hydra Insurance][7]) --- ## ⏰ Working Hours ### Nicosia, Larnaca (Main), and Paralimni branches: * **Monday, Tuesday, Thursday:** 07:45–14:00 and 14:30–16:45 * **Wednesday & Friday:** 07:45–14:00 * Closed on weekends ([Cyprus Insurance][3]) ### Kiti (Larnaca) branch: * **Monday, Tuesday, Thursday, Friday:** 14:30–18:00 * **Wednesday, Saturday & Sunday:** Closed ([Hydra Insurance][7]) --- ## ✅ Regulatory & Industry Standing * Listed as a **full member** of the **Insurance Association of Cyprus**, licensed to underwrite **Motor, Fire, Accident & Health, M.A.T (Theft & Baggage), Liability, and other insurance classes** ([www.iac.org.cy][8]). * **CEO:** Pavlos Kleanthous, per the regulatory membership directory ([www.iac.org.cy][8]). --- ## 💬 Market Perception & Reviews * Praised on local forums for **competitive pricing and reliable claims support**. Reddit users have noted Hydra’s good reputation on motor insurance: > “I used to be with … Hydra. I’ve made claims with both and they’ve both come through just fine. Especially Ydra.” ([Hydra Insurance][4], [Reddit][9]) * Often recommended as a fair alternative compared to some higher-premium providers in Cyprus ([Reddit][10]). --- ## 📄 Summary Table | Category | Details | | --------------- | ---------------------------------------------------------------------- | | Founded | 2001, with roots in over 50 years of insurance experience | | Premium Income | ≈ €17.5 million | | Staff Size | 51–100 employees | | Product Range | Motor, home, travel, employer liability, commercial risk, health, etc. | | Branch Network | Nicosia (HQ), Larnaca (main + Kiti), Paralimni | | Working Hours | Weekdays with split hours; Kiti branch afternoons only | | Industry Status | Full member of IPAC; licensed for multiple insurance classes | | Strengths | Fair claims handling, tailored products, efficient customer service |