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Maltese Insurance Companies Top of the European Solvency League Table.

Risk Quantum the data service of Risk Net recently reported that in 2017, based on data of 30 countries published by the European Insurance and Occupational Pensions Authority (EIOPA), Maltese insurance companies stayed top of the European insurance solvency league table for the second consecutive year. 


In 2017 Maltese insurance companies reported an average Solvency II Ratio of 361% up from 352% in 2016.


The average European insurer had a Solvency Ratio of 237% at the end of 2017 nine percentage points higher than 2016. This means that in 2017 EU insurance Solvency Ratios have strengthened significantly. 


Insurers in Austria, Poland, Sweden and Denmark followed Malta whilst at the other end of the table insurance companies in Latvia, Iceland, Cyprus, Greece and Romania and United Kingdom were amongst the worst performers. 


The Solvency Ratio is a metric that determines the ability of an insurance company to withstand financial and insurance shocks and underpins the European Solvency II regulatory regime. All insurance companies in Europe must maintain a Solvency Ratio above 100% at all times.  


The Solvency Ratio of MAPFRE MSV Life at the end of 2017 was 245%.


Date: November 2018

Source: Risk Quantum

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