The insurance industry in Malta is mainly regulated by the Insurance Business Act of 1998 and the Insurance Intermediaries Act of 2006 as well as by a number of directives issued by the Malta Financial Services Authority (MFSA).
Malta, offers a number of benefits within the insurance sector, making it a prime location where to set up such business. With its well-developed infrastructure and comprehensive set of laws in line with EU standards; Malta, an established financial centre and a member of the EU, hosts a good number of insurance companies, including reinsurers and insurance management companies.
Insurance companies set up in Malta can write insurance business anywhere in the EU and EEA; in this sense, Malta can serve as a basis from where insurance companies start and are managed for them to expand into the EU. Maltese insurers can insure any risks directly or indirectly as re-insurers.