The Maltese insurance sector directly accounts for well over 700 employees and almost €3 billion of annual premiums. It is comprised of 60 companies operating in the direct, general business sector, but also includes a good number of reinsurers and long-term business insurers, Minister for Finance, Prof. Edward Scicluna pointed out on Monday morning.
The two-day event, with ‘Black Swan Rising’ as a theme, is convening at the Hilton. It is being organised by Commercial Risk Europe – a pan-European newspaper dedicated to news, trends and issues critical to corporate risk and insurance management executives across Europe – in association with the Malta Financial Services Authority.
Minister Scicluna said that Malta’s declared policy of innovation has seen the insurance sector grow beyond recognition in the space of a few years. He added that protected cell legislation, to mention but one such innovation, has led to the authorisation of 11 Protected Cell companies and the approval of 29 protected cells since 2004, further boosting Malta’s reputation as a leading European captive insurance jurisdiction.
