MFSA publishes review of risk management practices in the insurance sector

Risk management frameworks assessed across insurance sector

The Malta Financial Services Authority (MFSA) has published the results of a review looking at how risk management functions are operating within Malta’s insurance and reinsurance sector. The review, issued on 14 October 2026, assessed how firms identify, monitor and manage risk.

Good practices and areas for improvement identified

The MFSA found a number of positive practices across the sector but also highlighted areas where companies can strengthen their governance and risk management arrangements. The Authority outlined its expectations for firms to ensure that risk management functions remain effective and appropriately supported.

Relevance for regulated firms

The findings are relevant to insurers, reinsurers, boards of directors, risk managers and compliance professionals. The review provides guidance on the standards expected by the MFSA and highlights areas that firms may wish to review as part of their governance and risk management frameworks.