Insights

The Malta Financial Services Authority published its annual report for 2013. It was reported that Insurance undertakings writing general business experienced an increase of almost 15.2 per cent in gross premium written, from €1.38 billion in 2012 to €1.59 billion in 2013.

Gross premium written in relation to risks situated in Malta climbed up by 11.8 percent in 2013 when compared to the previous year, to stand at almost €122 million. There was also an increase of 15.3 percent in gross premium written in relation to risks situated outside Malta over the period 2012 – 2013.

Insurance undertakings writing long term business reported an increase of almost four percent in gross premium written in 2013 when compared with the previous year, from €1.01 billion in 2012 to €1.05 billion in 2013. There was a surge of 9.7 percent in gross premium written where Malta is the country of commitment while the gross premium written with respect to commitments outside Malta increased by 2.3 percent over the period 2012 – 2013.

For further information, you can access the report by clicking here