Ancoria is an established global business, servicing the saving and investment needs of an extensive list of local and international clients. The Company specialises in customised and carefully designed Life Insurance policies that are underpinned by investment opportunities in a wide range of funds and structured products offered in association with highly ranked partnered institutions.
Ancoria’s history dates back to 1987 when two Swedish visionary entrepreneurs Roger Akelius and Sievert Larsson founded the Cyprus company, then called Alpha Insurance. In 1994, Alpha was renamed Akelius Insurance and formed part of the prestigious Akelius Group of Companies until 2008. Now totally independent, highly successful and with a solid background and extensive experience in the industry, the company has grown to become Ancoria Insurance Public Ltd. The company’s major shareholder is the Sievert Larsson Scholarship Foundation.
Ancoria is governed by the rules and regulations of the European Insurance legislation and it is under the supervision of the Insurance Companies Control Service of the Cyprus Ministry of Finance. Ancoria Insurance is audited by an independent actuary whose task is to ensure that the company is always able to fulfil its commitment towards its customers. Ancoria’s solvency II ratio remains over 200%, well above that required by the European Union directives.