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 Insurance team during a discussion meeting


How we can help

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:  

  • Audit of financial statements and Solvency II reporting
  • IFRS accounting advisory (including in relation to all aspects of IFRS 17 implementation)
  • Regulatory and compliance (including assistance with new licence applications)
  • Internal audit services
  • Actuarial services
  • Tax compliance and advisory services
  • Temporary secondment of staff to assist your finance team

Why Malta?

  • Full member state of the European Union and forms part of the Eurozone – Maltese insurers can offer their services in Europe through the freedom of services/establishment regimes
  • Located in the Mediterranean, it is within around three hours’ flight from most major European cities
  • Multi-lingual, well-educated workforce – English is an official language and the default language for conducting business with all rules and regulations published in the English language
  • Uniquely innovative Protected Cell Company (PCC) legislation, which allows for the establishment of a segregated insurance cell within an existing insurance core structure, providing cells with cost and capital synergies, besides the benefits of ring-fencing and capital leverage
  • Single regulator for financial services – the MFSA is a robust yet approachable, forward-looking regulator
  • Malta has over 80 double tax treaties in place coupled with incentives for both corporates and individuals
  • Presence of professional services firms with insurance sector expertise


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Contact us

Romina Soler

Romina Soler

Assurance Partner, PwC Malta

Tel: +356 2564 7293

Christopher  Cardona

Christopher Cardona

Assurance Partner, PwC Malta

Tel: +356 2564 2610

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