Insurance Brokers As Protected Cell Companies

The continuous growth in popularity of the Protected Cell Company (PCC) structure in Malta is an ongoing trend. This is evidenced by the increase year on year since the legislation came into force in 2004 in the number of insurance undertakings being established as PCCs, reaching 16 as at the end of September 2019 with 55 approved protected cells.

This success story is also noticeably emerging in the insurance intermediary sector.

Taking advantage of the fact that the Maltese PCC legislation also extends to insurance managers and insurance brokers, Malta is experiencing growth in the establishment or conversion of such intermediaries into a PCC structure.As at 30^th June 2019, there were a total of 6 insurance intermediaries set up as PCCs, comprising of 3 insurance management companies with two approved cells between them and 3 insurance broking firms with 6 approved cells between them.