Solvency II

External Audit of Templates of the Solvency Financial Condition Report

Authors: Stuart Firman, Tanya Causon
Published on October 3, 2016
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Practices: Insurance & Reinsurance Corporate, Insurance & Reinsurance Regulation
On 26 August 2016, the Malta Financial Services Authority (the “MFSA”) issued a consultation document proposing the introduction of external auditing requirements for certain quantitative reporting templates that will form part of the Solvency Financial Condition Report (the “SFCR”).

From Pillar to Post

Authors: Beppe Sammut
Published on April 8, 2013
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Practices: Insurance & Reinsurance Corporate
The imminent (or not so imminent) implementation of the Solvency II regime will mark a radical overhaul to the regulatory landscape for insurance and reinsurance undertakings, with the establishment of the “three pillar” system, which adopts a risk based approach and which seeks to ensure that re/insurance undertakings are adequately capitalised and that risks are sufficiently measured.

Malta to legislate for insurance securitisation

Authors: Matthew Mizzi
Published on June 26, 2013
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Practices: Debt Capital Markets, Derivatives, Financial Markets Regulation, Insurance & Reinsurance Corporate, Structured Finance & Securitisation, Trusts & Foundations
Malta’s financial services regulator, the Malta Financial Services Authority (the MFSA), published for consultation in May 2013 a draft version of the Reinsurance Special Purpose Vehicle (RSPV or SPRV) Regulations. These new regulations will bolster Malta's role as an alternative risk transfer domicile. We provide you with a brief outline of the draft SPRV Regulations as they stood on 17 June, 2013.

The Solvency II Interim Measures: Is the Market Ready?

Authors: Beppe Sammut
Published on June 28, 2013
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Practices: Insurance & Reinsurance Regulation
For the last decade or so a risk-focused approach has been adopted and applied across the financial services industry. This is also the case in the insurance industry where risk-management is considered to be essential for the solvency and sustainability of insurance undertakings and for the safeguarding and protection of policyholders.