These services are provided to corporate clients who wish to manage their insurance risks in a more businesslike fashion and who have a potential in-house book of business large enough to justify the organisational cost of a licensed insurance company or intermediary.
Such firms are still subject to the fit and proper requirements of the insurance regulator and to all the other operational and capital requirements of a licensed insurance operation. However the technical skills and the fit and proper obligations of the law and the regulator can be discharged by outsourcing the management services of the company to a licensed insurance manager.
The law at present enables insurance managers to manage insurance companies (whether captive insurers providing services to a group or commercial insurers providing services to third parties) or insurance intermediaries trading as brokers.
Our services are designed to assist these insurance operators or their advisors to incept and commence ongoing operations from Malta. These operations could include:
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captive insurance companies;
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captive insurance intermediaries;
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web based on-line underwriting agencies or companies;
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regional or international insurance or re-insurance intermediaries;
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regional or international insurers or re-insurers.
