The Malta Financial Services Authority has issued a Dear CEO letter to authorised (re)insurance undertakings describing how it conducts ongoing financial analysis of the sector and clarifying its supervisory expectations. The letter focuses on firms’ financial reporting, solvency monitoring, governance and data quality, with the aim of giving greater transparency on how quarterly and annual regulatory returns are reviewed. The review process described in the letter covers risk assessments, solvency analysis, review of key performance indicators, investment portfolio oversight, and assessment of intra-group and related party transactions. Firms are expected to support that process through accurate, complete and consistent regulatory reporting, including enhanced narrative reporting, more detailed financial breakdowns, updated rolling budgets, and stronger governance and sign-off procedures. The MFSA links data quality directly to effective supervision, financial stability monitoring and cooperation with the European Insurance and Occupational Pensions Authority.
Malta Financial Services Authority2026-07-09
Malta Financial Services Authority issues Dear CEO letter setting enhanced expectations for insurers’ financial reporting solvency oversight and data quality
The Malta Financial Services Authority has issued a Dear CEO letter to authorised (re)insurance undertakings explaining its supervisory review of firms’ financial returns and setting clearer expectations for reporting and solvency oversight. The letter highlights the need for accurate, consistent data and calls for enhanced narrative reporting, more detailed financial information, updated rolling budgets, and stronger governance and sign-off procedures.