Trust in life insurance companies is at its highest level since 2013 according to a new survey by StockWatch with a sample of 600 households.

Based on the survey, trust in nine life insurance companies rose in February 2016 reaching 5.79 out of 10 against 5.48 in Jun 2015 and 5 in October 2013.

The index reflects consumers’ opinions for major companies of the life insurance sector, based on answers to two questions – how reliable each company is and whether you would recommend it to others.

Universal Life scored a total 6.50 out of 10 as regards its reliability and 6.2 in the question of recommendation. Universal Life ranks first in all surveys conducted by StockWatch since 2013.

Almost all insurance companies recorded a gradual improvement since 2013 and particularly, those related to banks.

The subsidiary of the Bank of Cyprus Eurolife, scored an overall 6.45/10, 6.8 for its reliability and 6.1 in the question of recommendation.

According to the survey, Hellenic Alico received a score of 6.05 while CNP also strengthened its score to 6.

The results of the survey indicate that CNP has recovered from the association of its name with Laiki Bank as it records the greatest improvement since October 2013.

Metlife received 5.70/10 from 5.20 in the previous survey and Ethniki Insurance scored 5.55 from 5.30 previously.

Prime Insurance, Allianz and Alpha are next on the reliability rank.

The survey sample was 600 people. The survey was nationwide in urban and rural areas with men and women 18 years and older.

The methodology was multistage stratified random sampling.

The survey was conducted between 10-17 February 2016 by telephone interviews from the call center of RAI Consultans.