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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Malta non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Malta's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Malta non-life (P&C) market as well as trends by line of business. Axco analysts also report on Malta's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Malta's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Malta, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Malta, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Malta with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The domestic insurance market in Malta is small with both penetration as a share of GDP and per capita premium spend substantially lower than the average for the EU. Non-life premium income reported by the Malta Insurance Association (MIA) for 2019 was provisionally put at EUR 217.75mn (USD 237.28mn), up 8.5% on the previous year.
According to 2016 figures (latest available) MIA reported that about 25% of premium ....
This is a brief extract of information; more updated information may be available in the latest published report.