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The insurance sector in Malta has embarked on a transformation journey over the past decade. Today more than ever, insurance companies need to focus on growth strategies, operating efficiency and customer satisfaction, while also grappling with disruptive forces that are becoming the order of the day.
The current operating environment is moving at a fast pace. The insurance sector is facing the implementation of a significantly revised accounting framework - IFRS 17, ‘Insurance Contracts’ - having recently had a myriad of regulatory changes as a result of the Solvency II regime, the EU General Data Protection Regulation and the Insurance Distribution Directive. The ever-changing technological landscape is also shifting the way the sector assesses customer behaviour and prices policies.
PwC Malta has been the leading advisor to the Maltese insurance sector for many years. We provide services to most domestic insurance companies with a strong market share when also considering non-domestic principals. Over the years, we have established a solid market presence, giving us significant experience and knowledge of insurance market practices, challenges and developments.
We offer a full range of insurance related services to help you cope with a constantly changing business and regulatory environment. Our services include: