KPMG in Malta offers actuarial services across the life, non-life and reinsurance industry within Malta.
We assist clients with both local business and with international business and aim to provide clear and independent actuarial advice.
How KPMG can help you
Our dedicated Insurance team works across a number of areas, including regulatory, risk management, advisory and accounting in providing services to the market.
Our Actuarial service combines technical knowledge and solid processes with market experience to provide high quality and modern advice for both existing and new clients.
We are also involved in industry bodies and take part in pursuing and investigating regulatory issues affecting the industry at large.
New Licenses Applications in Malta
As part of the new licencing application process, we support our regulatory colleagues in advising insurance companies, including captives, on their new business application process with the Malta Financial Services Authority (MFSA) and advising potential new entrants who are interested in setting up a new entity or relocating to Malta.
Models and Projections
Our actuaries have actuarial modelling experience across a range of different programs and our services include:
- Model development and support
- Peer review of models
- Support on stochastic models
- Actuarial model efficiency reviews
- Outsourcing of actuarial models
- Actuarial Expertise and Involvement with respect to IFRS 17-consistent valuations
Appointed Actuary / Approved Actuary
Senior actuaries in our team may act in outsourced actuarial roles, which include:
- Approved Actuary
- Actuarial Function Holder
- Appointed Actuary
Outsourcing / Secondment Support
Our Actuarial team has and continues to support companies in different areas including year-end financial reporting, actuarial model development support, Solvency II support (see also below) and improvement of business processes.
Internal Audit Support
We support our Internal Audit Services practice in providing services to the local insurance sector. Our support focuses on actuarial related items, including:
- Matters around Solvency
- Technical review of reserving process
Mergers & Acquisitions
We are often involved in transaction activities and our firm’s services include:
- Advising and assisting insurance companies on the buy or the sell side.
- Advising shareholders on the sale of insurance companies.