PKF Malta, in collaboration with Finance Malta, carried out a survey to measure the impact of the Solvency II regulation on Maltese insurers.

The results were presented during a workshop at Finance Malta’s annual conference held recently. A copy of the survey and recommendations were also presented to the Finance Minister Edward Scicluna.

The survey was based on a scientific questionnaire comprising various aspects of the new regulation. Among areas covered were Pillar I, the forward looking assessment of own risks, Pillars II and III, management and personnel, the costs incurred, as well as the perception of Maltese insurers in view of the obligations set out by the regulator.

PKF Malta thanked the companies that took part in the survey and shared their point of view.

Anyone interested in a soft copy of the report may e-mail Anna Golis on agolis@pkfmalta.com.

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