We streamline insurance complexities, so you can focus on building trust and growth
Insurance
The insurance sector in Malta is undergoing a transformative journey. With the challenges of growth, efficiency and customer satisfaction becoming increasingly crucial, insurers must embrace strategies that anticipate and manage disruptive forces effectively.
Adapting to a fast-paced environment
In a rapidly evolving landscape, the Maltese insurance sector is navigating the implementation of the revised IFRS 17 accounting framework, alongside previous regulatory changes such as the Solvency II regime, the EU General Data Protection Regulation and the Insurance Distribution Directive. Meanwhile, technological advancements are reshaping how companies assesses customer behaviour and set pricing strategies.
How we can help
With deep-rooted experience as the leading advisor in the Maltese insurance sector, at PwC Malta we support domestic insurance companies with a strong market share when also considering non-domestic principals. Over established market presence offers profound insights and experience of market practices, challenges and developments.
We deliver a comprehensive suite of insurance-related services designed for navigating the changing business and regulatory environment. Our services include:
Insurance Captive
Are you considering establishing an insurance captive? Leverage the advantageous alternative to traditional insurance coverage. We offer strategic solutions for crafting robust, long-term risk management strategies tailored to your needs. Through our expertise, organisations can pool risk, access the reinsurance market, and optimise costs, giving you a strategic edge.
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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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