The Malta Financial Services Authority (MFSA) published highlights from its 2025 Insurance Conference, where European Insurance and Occupational Pensions Authority (EIOPA) Chairperson Petra Hielkema stressed the role of the Solvency II review in strengthening cross-border supervision and welcomed revisions that align with EIOPA recommendations. She described Solvency II as the bedrock for the functioning and growth of Europe’s insurance sector. In her keynote remarks, Hielkema noted that around 11% of insurance premia written in Europe come from cross-border business and argued that disparities in consumer protection between home and host countries need to be addressed to support fair and sustainable growth. The conference agenda focused on the implications of the Solvency II Review Package and the challenges and opportunities of cross-border operations, with contributions from MFSA CEO Kenneth Farrugia, MFSA Chief Officer Supervision Christopher P. Buttigieg on recent regulatory trends, and Head of Insurance and Pensions Supervision Ray Schembri on the MFSA’s supervisory initiatives; the event concluded with remarks by MFSA Chairman Jesmond Gatt.
Malta Financial Services Authority 2025-02-19
Malta Financial Services Authority insurance conference spotlights Solvency II review as EIOPA calls for harmonised cross-border supervision
The Malta Financial Services Authority highlighted key discussions from its 2025 Insurance Conference. EIOPA Chairperson Petra Hielkema emphasized the Solvency II review's role in enhancing cross-border supervision and addressing consumer protection disparities in cross-border insurance, which constitutes about 11% of European premia. The conference also covered the Solvency II Review Package's implications and cross-border operational challenges, featuring insights from MFSA leadership.