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Cyprus Airports Achieve Record-Breaking Passenger Numbers

Cyprus’ Larnaca and Paphos airports have reached an unprecedented milestone, surpassing 12 million passengers on Friday, a figure that had been forecasted earlier in the week.

“This remarkable achievement follows a period of considerable challenges and shifts in tourism and aviation, shaped by the pandemic and various geopolitical issues,” noted Hermes, the operator managing the airports.

The milestone highlights Cyprus’ growing appeal as a destination and reflects the resilience of its tourism sector. Hermes emphasized that from the outset, the company has been executing a well-structured and focused strategy to boost the island’s connectivity. This approach has resulted in an impressive expansion of air links, with new airlines being attracted, an enhanced destination network, and a substantial surge in passenger traffic.

“Cyprus’ air connectivity has not only improved but has solidified itself at a highly competitive and robust level,” Hermes said.

The operator further committed to continuing its efforts to strengthen the island’s connectivity, focusing on increasing tourist arrivals while also ensuring that Cyprus residents have a broad range of travel options.

AI Startup InsureVision Secures $2.7M To Predict Car Crashes Before They Happen

Imagine a world where your car doesn’t just react to accidents—it predicts them before they unfold. That’s the bold vision behind InsureVision, a London-based AI startup that just closed a $2.7 million seed round to turn predictive crash prevention into reality.

Why This Matters

Backing from State Farm Ventures, Rethink Ventures, and Twin Path Ventures signals serious industry confidence. State Farm, one of the world’s largest insurers, rarely bets on early-stage startups, making its participation a major endorsement of InsureVision’s tech.

The Tech: AI That “Sees” Like A Human

Founded in 2023, InsureVision has built an AI system designed to process real-time video from standard car cameras—an approach they call “enviromatics.” Unlike conventional GPS-based trackers that assess risk through raw data points like speed and braking, InsureVision’s AI interprets the full driving environment.

Here’s the difference:

  • Traditional systems might flag sudden braking as reckless.
  • InsureVision’s AI understands that a pile-up ahead is the real risk and recognises defensive driving rather than penalising it.

Who’s Buying In?

The advanced car safety tech market is projected to grow from $21 billion today to $40 billion by 2030, and InsureVision wants a sizable cut. Its AI could reshape risk assessment for:

  • Insurance companies offering personalised pricing based on actual driving behaviour.
  • Fleet operators (think Uber, logistics firms) seeking real-time risk monitoring.
  • Automakers integrating AI-driven safety features to comply with evolving regulations.

Next Steps

Trials with major U.S. insurers are underway, with Japan next in line for expansion. Results from these pilots are expected by mid-2025.

“We’ve built a vision transformer—an AI that learns from what it sees, not just mechanical data like speed or acceleration,” says CEO Mark Miller. “This brings real-world context into risk assessment, making it a fundamentally more human approach.”

For investors and industry insiders, the bet is clear: If InsureVision delivers, it won’t just improve road safety—it could redefine the economics of auto insurance.

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