Tuesday 07 December 2021

FinanceMalta hosts gathering for stakeholders in insurance sector

“Together.Again.” is the title of a new series of events organised by FinanceMalta during which stakeholders and financial services players can meet face-to-face and network in a safe environment.
The first event in this series was dedicated to the insurance sector. “FinanceMalta meets Insurance” discussed the current status of the insurance sector in Malta as well as the challenges the sector is facing, with a perspective of the future prospects for insurance in our jurisdiction.
The event was fully booked and was the first FinanceMalta sectorial-specific and in-person gathering for nearly two years, due to the pandemic and the ensuing restrictions on gatherings. This follows FinanceMalta’s resumption of its programme of participation in face-to-face events, both locally and internationally during the last quarter of this year.
Following a welcome address by FinanceMalta Chairman Rudolph Psaila, a panel discussion took centre stage with key players and experts in the insurance sector. Moderated by Pauline Azzopardi, Vice-President of the Malta Insurance Institute, the panel included Hon. Clyde Caruana – Minister of Finance and Employment, Dr Matthew Bianchi – Malta Financial Services Advisory Council Sub-Committee Chair and FinanceMalta Deputy Chairman, Ray Schembri – Head, Insurance and Pensions Supervision, Malta Financial Services Authority (MFSA); and Romina Soler – Partner and Insurance Leader at PwC Malta.
The panel addressed various topics, such as the current situation of the industry, how Malta can gain a competitive advantage in insurance, the legislative and regulatory framework governing the industry, and the human resources challenges.
Rudolph Psaila, Chairman of FinanceMalta, commented: “FinanceMalta has always been known to bring together the various stakeholders within the financial services industry, and we are very pleased to be able to replicate this again, in person. We decided to kick off our networking initiatives by initially focussing on the insurance industry since this sector, despite the pandemic, has proven to be extremely resilient. We are encouraged by the positive response of this industry towards this initiative – it confirms the willingness of practitioners to meet in person and to exchange views and insights on the subject matter. We will be organising similar networking events in the coming months involving the other sectors within the financial services industry.”
Meanwhile, FinanceMalta has launched its brand new publication “Why Malta for Insurance Guide”, which is available for download via: https://financemalta.org/publications/why-malta-for-insurance-2021-2022-edition/. As a benefit applicable only to FinanceMalta members, the publication can be co-branded, and FinanceMalta members will be able to include their company logo for their promotional efforts.

In the coming months, FinanceMalta will be organising similar events for other sectors of the financial services industry.


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