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Global Malta Insurance Tenders

Malta Insurance Tenders

Latest Malta Insurance tenders. Discover new opportunities for Insurance tenders daily and win lucrative contracts across Malta.

How big is the Insurance market in Malta?

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.

Malta government Insurance Procurement

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.

What Insurance does the Malta government buy?

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.

Major Insurance buyers in Malta government

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.

Who wins the most Insurance contracts from the Malta 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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