DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Governance, Risk and Compliance - The Maltese Insurance Industry" report to their offering.
The 'Governance, Risk and Compliance - The Maltese Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Malta.
It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.
The report brings together research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.
- The Maltese insurance industry is regulated by the Malta Financial Services Authority (MFSA), under the Minister of Finance.
- The Maltese government permits foreign direct investment up to a limit of 79% in the insurance industry.
- The life and non-life insurance businesses in Malta are regulated by the provisions of the Insurance Business Act 1998 and its subsidiary legislations.
- Solvency II was implemented effective from January 1, 2016.
- Motor third-party liability insurance and employers' liability insurance are compulsory classes of insurance.
- Non-admitted insurers and intermediaries are not permitted in the Maltese insurance industry.
Key Topics Covered:
2 Governance, Risk and Compliance
2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulations
2.3 Legislation and Market Practice by Type of Insurance
2.4 Compulsory Insurance
2.5 Supervision and Control
2.6 Non-Admitted Insurance Regulations
2.7 Company Registration and Operations
2.9 Legal System
For more information about this report visit http://www.researchandmarkets.com/research/m3gfrb/governance_risk