• Insurance

Insurance Law


The Maltese insurance sector has shown considerable growth in the past years as it continues to incorporate the standards set by European Union Insurance Directives.


The business of insurance in Malta is mainly regulated by two Acts:

  • the Insurance Business Act (Cap. 403 of the laws of Malta), and
  • the Insurance Distribution Act (Cap. 487 of the laws of Malta).


These two pieces of legislation are significantly important as they set out specific conditions for obtaining the relevant authorisations so that one may carry out the business of insurance (inside  or outside of Malta) either through their principal place of business, through a branch or through an insurance intermediary. In conjunction with these acts, the Malta Financial Services Authority (‘MFSA’) has also issued its own ‘Insurance Rules’ and ’Insurance Intermediaries Rules’.


The MFSA, being the sole local regulator responsible for the Maltese financial market, is geared at providing a pro-businesses approach to the various types of insurance structures available locally, namely:

  • Insurance and reinsurance undertakings;
  • Insurance intermediaries; 
  • Affiliated insurance companies (captive insurance companies); and
  • Protected cell companies (PCCs) and Incorporated Cell Companies (ICCs). 


Our team of legal professionals at BDO Malta are able to assist in various matters relating to Insurance which include the following:

  • Licensing of insurance and reinsurance undertakings; 
  • The provision of authorisations relating to insurance intermediaries; 
  • The provision of passporting rights in EU;
  • Advice and assistance on any transactional work;
  • Drafting of policy documentation, insurance contracts, insurance distribution contracts and any other related documentation ;
  • Assistance with relevant transactions.


Get in touch with our Legal Team to learn more:

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