Governance, Risk and Compliance – The Maltese Insurance Industry
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GlobalData’s 'Governance, Risk and Compliance – The Maltese Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Malta.
It provides a detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.
The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and upcoming changes in the regulatory framework, taxation and legal system. The report also includes the scope of non-admitted insurance.
Scope
• The report covers details of the insurance regulatory framework in Malta.
• The report contains details of the rules and regulations governing insurance products and insurance entities.
• The report lists and analyzes key trends and developments pertaining to the country’s insurance regulatory framework.
• The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
• The report provides details of taxation imposed on insurance products and insurance companies.
Key Highlights
• The Maltese insurance industry is regulated by the Malta Financial Services Authority (MFSA), under the Minister of Finance.
• The Maltese government permits foreign direct investment up to a limit of 79% in the insurance industry.
• The life and non-life insurance businesses in Malta are regulated by the provisions of the Insurance Business Act 1998 and its subsidiary legislations.
• Solvency II was implemented effective from January 1, 2016.
• Motor third-party liability insurance and employers’ liability insurance are compulsory classes of insurance.
• Non-admitted insurers and intermediaries are not permitted in the Maltese insurance industry.
Reasons to Buy
• Gain insights into Malta's insurance regulatory framework.
• Track the latest regulatory and expected changes impacting the Maltese insurance industry.
• Gain detailed information about the key regulations governing the establishment and operation of insurance entities.
• Understand key regulations and market practices pertaining to various types of insurance product.
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