Insurance Association Malta

29/07/2026

Insurance sector looks ahead to a more complex risk landscape… As extreme weather becomes more common, the insurance sector faces a difficult balance: helping more people secure the protection they need while ensuring that the risks being covered remain insurable.

Addressing the Insurance Association Malta’s recent AGM, president Catherine Calleja said closer cooperation with the Malta Financial services Authority and the Climate Action Authority would be essential to understanding Malta’s protection gaps and responding to the growing impact of climate change.

During his presentation, IAM director general Adrian Galea spoke about the simplification process that both European and Maltese regulatory authorities are pursuing to reduce the administrative cost and burdens to insurance undertakings, which will in turn benefit consumers.

He added that insurers were also preparing for further regulatory change, while adapting to cyber threats, artificial intelligence and the pressures created by an ageing population and wider economic uncertainty.

These developments will impact the demand for health, life and retirement products, as well as the way insurers assess and provide protection.

Ms Calleja said the industry must continue engaging constructively with regulators, government and the wider public so that it does not simply respond to change, but plays a part in shaping what comes next.

"We must continue to engage constructively, maintain our focus, and work together with purpose, so that we will not only respond to change, but help shape the future of our industry,” she said.

During the AGM, Ms Calleja and Mr Etienne Sciberras were reconfirmed as IAM’s president and vice-president, respectively.

14/07/2026

High costs, high risks... Operating without the proper safeguards puts festa enthusiasts and the public at risk. And, even though insurance can be viewed as an expense, it is there to protect you and your loved ones when the unexpected comes knocking.

Adrian Galea

Government compensation could discourage people from obtaining insurance, association says

25/05/2026

A reckless driver does not slow down because a law has been introduced... Behaviour will only change when people believe there is a real chance of being stopped, tested and brought before justice without delay.

Enforcement has to visible, consistent and credible.

The greater cost of a traffic accident comes after the headlines, through legal, financial and emotional fallout... Read this opinion piece by our director general Adrian J. Galea.

The greater cost of a traffic accident comes after the headlines, through legal, financial and emotional fallout, writes Adrian Galea

15/05/2026

Reckless driving puts lives at risk… Recent incidents on Malta’s roads are a reminder that motorists should remain vigilant and report dangerous behaviour when something is not right.

Footage shared responsibly with the authorities has helped police identify and take action in serious cases, including the recent reckless driving incident involving two Polish tourists, as well as the case of a dangerous truck driver a few years back.

Where it is safe and lawful to do so, discreet dashcam can support The Malta Police Force investigations… and above all lead to safer roads.

Duo banned from driving anything with wheels

06/05/2026

Imagine how much easier it would be if we had a digital system that would allow your licence status to be updated in real time... this would reduce the administrative burden, while providing a more reliable picture of whether a vehicle’s annual circulation licence is valid, whether motor insurance is active, whether a vehicle has been reported stolen and whether other regulatory obligations have been met.

One of the clearest advantages of digital annual circulation licences is improved accuracy and data integrity, writes Adrian Galea

13/04/2026

Standards should not be voluntary… The Insurance Association Malta welcomes the important role the Malta Competition and Consumer Affairs Authority (MCCAA) has in being an active contributor to the vehicle safety standards.

The authority’s role is to verify that the vehicle placed on the local market meets the agreed safety and environmental standards, and once it does, the approval will be recognised in all 27 member states and in many countries beyond Europe.

The Insurance Association remarks that it is equally important for vehicles to retain their safety credentials on an on-going basis, especially after they undergo repairs following a collision.

The Association has been vocal about quality vehicle repairs and still awaits an updated version of the local vehicle repair standards (SM 1400.2013), which acknowledges the current reality through increased usage of electric vehicles.

Furthermore, IAM, as the body representing insurance companies in Malta, is calling for these standards to be made mandatory and not left to voluntary compliance.

We believe such a move would strengthen public confidence as local and European authorities push for increased EV usage, while better safeguarding consumer interests.

Malta has re-established itself as a vehicle type-approval authority