Reinsurance in Malta, Key Trends and Opportunities to 2019

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Malta has developed a favorable environment for risk and reinsurance specialists, attracting reinsurers from all over the world. Its tax-efficient regulations, low setup and operating costs, and availability of highly educated personnel have aided this development. Companies can be established using various structures, such as independent reinsurers, captive reinsurers, or as part of cell companies.
Solvency II directives are expected to be implemented by 2016, and increased capital adequacy requirements will support the demand for reinsurance. Over the forecast period, these conditions are expected to aid the growth of reinsurance in Malta, with the premium accepted projected to record a substantial CAGR.

Scope

• The Maltese reinsurance segment’s growth prospects by reinsurance ceded from direct insurance

• A comprehensive overview of the Maltese economy and associated demographics

• Detailed analysis of natural hazards and their impact on the insurance industry

• The competitive landscape in the reinsurance segment

• Historical values for the Maltese reinsurance segment for the report’s 2010 to 2014 review period, and projected figures up to 2019

• A detailed analysis of the key categories in the Maltese reinsurance segment, and market forecasts to 2019

• An exhaustive list of parameters in the reinsurance industry, including: written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income, and retentions

Key Highlights

Which legislative framework is Malta able to provide to insurers exclusively among countries in the European Union (EU)?

What proportion of the total reinsurance premium in Malta is accounted for by treaty and facultative reinsurance respectively?

Where does Malta rank in the World Risk Report? What was the chance of the Maltese population being victim to a natural disaster in 2015?

How competitive is the Maltese reinsurance segment? What is the ratio of foreign and domestic reinsurers?

Reasons to Buy

• Make strategic business decisions in the Maltese reinsurance segment utilizing GlobalData’s in-depth historic and forecast market data

• Gain an overall understanding of the current reinsurance market to enable you to formulate responsive sales and marketing strategies

• Evaluate the performance of key market drivers and current product propositions to identify where you might achieve the most advantageous position from your participation in the market

• Assess the overall market dynamics to position your products for maximum competitive advantage.

Munich Re of Malta Plc.

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Reinsurance Growth Dynamics and Challenges

4.1 Reinsurance Segment Size, 2010–2019

4.2 Reinsurance Segment Size by Premium Ceded, 2010–2019

5 Key Industry Drivers

5.1 Reinsurance Drivers

5.2 Life Insurance Drivers

5.3 Non-Life Insurance Drivers

5.4 Personal Accident and Health Insurance Drivers

6 Natural Hazards

6.1 Earthquakes and Tornadoes

6.2 Exposure

7 Competitive Landscape and Strategic Insights

7.1 Overview

7.2 Leading Companies in the Maltese Reinsurance Segment

7.2.1 Munich Re of Malta Plc – Company Overview

8 Definitions and Methodology

8.1 Definitions

8.2 Methodology

9 About GlobalData

9.1 Contact GlobalData

9.2 About GlobalData

9.3 GlobalData’s Services

9.4 Disclaimer

Table

Table 1: Maltese Reinsurance Segment – Key Facts, 2014

Table 2: Maltese Government Credit Ratings

Table 3: Maltese Reinsurance – Premium Accepted by Category (EUR Million), 2010–2014

Table 4: Maltese Reinsurance – Premium Accepted by Category (US$ Million), 2010–2014

Table 5: Maltese Reinsurance – Premium Accepted by Category (EUR Million), 2014–2019

Table 6: Maltese Reinsurance – Premium Accepted by Category (US$ Million), 2014–2019

Table 7: Maltese Reinsurance – Premium Ceded by Type of Insurance (EUR Million), 2010–2014

Table 8: Maltese Reinsurance – Premium Ceded by Type of Insurance (US$ Million), 2010–2014

Table 9: Maltese Reinsurance – Premium Ceded by Type of Insurance (EUR Million), 2014–2019

Table 10: Maltese Reinsurance – Premium Ceded by Type of Insurance (US$ Million), 2014–2019

Table 11: Maltese Life Insurance – Percentage of Reinsurance Ceded (%), 2010–2014

Table 12: Maltese Life Insurance – Percentage of Reinsurance Ceded (%), 2014–2019

Table 13: Maltese Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2010–2014

Table 14: Maltese Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2014–2019

Table 15: Maltese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2010–2014

Table 16: Maltese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2014–2019

Table 17: Maltese Average Annual Loss by Hazard, 1990–2014

Table 18: Total Number of Insurance and Reinsurance Companies In The Maltese Insurance Industry, 2010 – 2014

Table 19: Maltese Reinsurance – Segment Shares (%), 2014

Table 20: Munich Re of Malta Plc, Key Facts

Table 21: Insurance Industry Definitions

Figures

Figure 1: Maltese Real GDP (EUR Billion), 2010–2019

Figure 2: EUR–US$ Exchange Rate, 2010–2019

Figure 3: Maltese Consumer Price Inflation (%), 2010–2019

Figure 4: Maltese Current Account Balance as Percentage of GDP (%), 2010–2014

Figure 5: Maltese Unemployment Rate (%), 2010–2019

Figure 6: Maltese Population by Age Group, 1996–2025

Figure 7: Maltese Reinsurance – Premium Accepted by Category (EUR Million), 2010–2019

Figure 8: Maltese Reinsurance – Premium Accepted by Category (% Share), 2014 and 2019

Figure 9: Maltese Reinsurance – Premium Accepted Dynamics by Category, 2010–2019

Figure 10: Maltese Reinsurance – Premium Ceded by Type of Insurance (EUR Million), 2010–2019

Figure 11: Maltese Reinsurance – Premium Ceded Dynamics by Type of Insurance, 2010–2019

Figure 12: Maltese Life Insurance – Percentage of Reinsurance Ceded (%), 2010–2014

Figure 13: Maltese Life Insurance – Percentage of Reinsurance Ceded (%), 2014–2019

Figure 14: Maltese Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2010–2014

Figure 15: Maltese Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2014–2019

Figure 16: Maltese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2010–2014

Figure 17: Maltese Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2014–2019

Figure 18: Malta’s Business-Friendly Environment

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