Malta Insurance Industry – Key Trends and Opportunities to 2027

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Malta Insurance Industry Report Overview

The gross written premium of the Malta insurance market was EUR576.1 million ($606.7 million) in 2022. The market is expected to achieve a CAGR of more than 5% during 2023-2027. The Malta insurance market research report provides in-depth market analysis, information, and insights into the Malta insurance industry. It provides a detailed outlook by product category as well as values for key performance indicators such as gross written premium, penetration, premium accepted and ceded, profitability ratios, and premium by line of business, during the review period and forecast period.

Malta Insurance Market Outlook, 2022-2027 (EUR Million)

Malta Insurance Market Outlook, 2022-2027 (EUR Million)

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The Malta insurance market report also analyzes distribution channels operating in the segment and gives a comprehensive overview of Malta’s economy and demographics. It further evaluates the competitive landscape, which entails information on segment dynamics and competitive advantages and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Market Size (2022) EUR576.1 million ($606.7 million)
CAGR (2023-2027) >5%
Forecast Period 2023-2027
Historical Period 2018-2022
Key Segments ·        Life Insurance

·        General Insurance

Leading Companies ·        Mapfre

·        HSBC Life

·        Lifestar

·        Ivalife

·        Citadel

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Malta Insurance Market Trends

AI-powered tools help in streamlining the claims investigation and underwriting processes, which assess potential customer risk. For instance, DARAG Insurance Group adopted DGTAL’s DRILLER tool that is an AI software, which analyzes claims documents, enabling real-time valuation of claims portfolios. DGTAL is an insurance-focused company that has been developing AI technology for three years and is focused on using large language models such as GPT at scale.

Malta Insurance Market by Segments

The key segments in the Malta insurance market are life insurance and general insurance. The life insurance segment dominated the Malta insurance market in 2022.

Malta Insurance Market Analysis by Segments, 2022 (%)

Malta Insurance Market Analysis by Segments, 2022 (%)

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Malta Insurance Market – Competitive Landscape

Mapfre MSV Life was the largest insurer in 2022

A few of the key companies in the Malta insurance market are:

  • Mapfre
  • HSBC Life
  • Lifestar
  • Ivalife
  • Citadel

Malta Insurance Market Analysis by Companies, 2022(%)

Malta Insurance Market Analysis by Companies, 2022(%)

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Malta Insurance Market – Latest Developments

  • In October 2023, Mapfre MSV Life announced the Guaranteed Capital & Income Plan 2026 that is the second tranche of its latest insurance-based investment product.
  • On April 12, 2023, the Malta Financial Services Authority (MFSA) issued the latest edition of “The Nature and Art of Supervision” publication series, highlighting the importance of environmental, social, and governance disclosures in financial market activities, for investors to make better-informed decisions.

Malta Insurance Market Segments Outlook (Value, EUR Million, 2018-2027)

  • Life Insurance
  • General Insurance


This report provides:

  • A comprehensive analysis of the Malta insurance industry.
  • Historical values for the Malta insurance industry for the report’s review period and projected figures for the forecast period.
  • Detailed analysis of the key categories in the Malta insurance industry and market forecasts for 2027.
  • Profiles of top life insurance companies in Malta and outlines the key regulations affecting them.

Key Highlights

  • Key insights and dynamics of the Malta insurance industry.
  • A comprehensive overview of the Malta economy, government initiatives, and investment opportunities.
  • The Malta insurance regulatory framework’s evolution, key facts, taxation regime, licensing, and capital requirements.
  • The Malta insurance industry’s market structure gives details of lines of business.
  • Malta’s reinsurance business’s market structure gives details of premium ceded along with cession rates.

Reasons to Buy

  • Make strategic business decisions using in-depth historical and forecast market data related to the Malta insurance industry, and each category within it.
  • Understand the demand-side dynamics, key market trends, and growth opportunities in the Malta insurance industry.
  • Assess the competitive dynamics in the Malta insurance industry.
  • Identify growth opportunities and market dynamics in key product categories.

Mapfre MSV Life
GasamMamo Insurance
Atlas Insurance PCC
Elmo Insurance
Mapfre Middlesea
Citadel Insurance
HSBC Life Assurance (Malta)
Ivalife Insurance

Table of Contents

Executive Summary

Economy Overview

Regulation and Compliance

Key Market Trends

Life Insurance: Trends and KPIs

General Insurance: Trends and KPIs

Competitive Landscape


Frequently asked questions

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