Malta Insurance Tenders

The Malta insurance market is a growing and dynamic sector, with a gross written premium (GWP) of €623.6 million in 2021. The market is characterized by a strong presence of foreign insurers, with over 50% of GWP coming from non-Maltese companies. The market is also highly regulated, with the Malta Financial Services Authority (MFSA) responsible for overseeing the sector.

The Malta government is a major purchaser of insurance products and services. In 2021, the government spent €31.2 million on insurance, representing 5% of total government procurement spending.

The main insurance products and services procured by the Malta government are:
Motor insurance: The government procures motor insurance for its fleet of vehicles.
Property and casualty insurance: The government procures property and casualty insurance for its buildings and assets.
Life and health insurance: The government procures life and health insurance for its employees.
Professional indemnity insurance: The government procures professional indemnity insurance for its professionals.
Marine insurance: The government procures marine insurance for its vessels.

The top authorities for Malta insurance procurement are:
The Contracts Directorate within the Ministry of Finance: The Contracts Directorate is responsible for the procurement of all goods and services for the government, including insurance.
The Malta Financial Services Authority (MFSA): The MFSA is responsible for the regulation of the insurance sector in Malta, and it also plays a role in the procurement of insurance products and services by the government.

The top winners of Malta insurance procurement are:
Mapfre Middlesea Insurance p.l.c.: Mapfre Middlesea Insurance p.l.c. is the largest insurance company in Malta, and it is a major winner of government insurance contracts.
La Valette Underwriting Agency Ltd: La Valette Underwriting Agency Ltd is a leading insurance broker in Malta, and it also wins a significant number of government insurance contracts.
Aon Malta Limited: Aon Malta Limited is another leading insurance broker in Malta, and it is also a major winner of government insurance contracts.

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