Insurance & Private Pension Law Update - July 2011

, Issue No. 23 - July 2011.

News

Solvency II delay proposed

The Council of the European Union has proposed to delay the final Solvency II deadline until January 1, 2014. The proposal suggests that Solvency II's legal requirements for regulators should not be transposed into national law until March 31, 2013.

MIMA 2011 Survey Results

The Malta Insurance Management Association issued the results of its annual survey.

As at the end of last year, the insurance management industry was responsible for overseeing the operations of 11 pure affiliated or captive insurance companies, 30 third party writers for international groups, and 12 cells.