Insurance Law and Insurance Regulation

The Insurance Recovery and Resolution Directive introduces a comprehensive framework for managing distressed (re)insurers through resolution planning and intervention powers. This analysis examines the Central Bank of Ireland's role as resolution authority, the assessment of resolvability...

The Insurance Recovery and Resolution Directive (IRRD), published in January 2025, introduces a harmonised EU-wide framework for pre-emptive recovery planning and resolution planning for (re)insurers.

Ten years after the introduction of Solvency II, Malta’s captive insurance market has evolved into a robust and credible European domicile, blending regulatory rigor with operational agility.

The International Maritime Organization has confirmed that the HNS Convention, governing liability and compensation for damage from hazardous cargo transport by sea, will enter force on 29 November 2027. After nearly three decades of delays, this creates immediate compliance obligations for Malta's ship registry and the global maritime industry, requiring new insurance certificates, reporting systems, and a two-tier compensation framework backed by both shipowners and cargo receivers.

These updates are intended to keep Maltese regulated entities informed of regulatory changes and developments taking place in the local financial services space.

The European Union introduces comprehensive new regulations for distance contracts in financial services, strengthening consumer protections for online and phone-based purchases. Meanwhile, AMLA advances anti-money laundering cooperation with consultations on standardized reporting formats and cross-border information sharing, while EIOPA proposes significant changes to insurance taxonomy disclosures and value-for-money benchmarks.