Insurance Brokers in Malta
An insurance broker takes your cover to several insurers and should help when you need to claim. Find one for car, home, health, boat or business insurance.
Tminta lists 1 insurance brokers in Malta. Compare them below, then contact them direct. There are no fees.
- 1
- insurance brokers listed
- Free
- to contact, no fees
Insurance Services
Tied Insurance Intermediary for Thomas Smith Insurance Agency Ltd.
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About insurance brokers in Malta
A broker works for you rather than for one insurer. They look at what you need covered, ask several insurers for terms, explain the differences and arrange the policy. An insurance agent is different: they are appointed by a particular insurer and sell its products. Both are legitimate. What matters is knowing which one you are talking to.
People use a broker when a policy is hard to place or easy to get wrong: a business with premises and staff, a boat, a classic or imported car, health cover for a family, or a home with valuable contents. A broker also earns their keep at claim time, because they know the policy wording and can press the insurer for you.
The premium is set by the insurer, based on the risk, the excess you choose, your claims history and the sums insured. Brokers may be paid by commission from the insurer, by a fee from you, or both. Ask how they are paid on your policy, which insurers they approached and why they recommend one quote over the others.
What you can hire them for
- Car insurance quote comparison
- Home and contents insurance
- Health insurance for a family
- Business insurance for premises and staff
- Public liability cover
- Boat or yacht insurance
- Travel insurance for frequent trips
- Policy review at renewal
- Help with an insurance claim
What to ask before you hire
- 1
Are you enrolled on the MFSA's Brokers List, or are you an agent or tied intermediary?
- 2
Which insurers did you ask for this quote, and are there any you cannot place business with?
- 3
How are you paid on this policy: commission, a fee or both?
- 4
What is excluded, and what is the excess on each type of claim?
- 5
If I need to claim, will you handle it with the insurer or do I deal with them myself?
Good to know in Malta
- Under the Insurance Distribution Act (Cap. 487), an insurance broker acts with complete freedom as to the choice of insurers, bringing together people seeking insurance and insurers, and where appropriate helps with the policy, in particular when there is a claim. Source
- An insurance agent is appointed by an insurer and has authority to enter into insurance contracts on its behalf. A tied insurance intermediary distributes products of one or more insurers whose products do not compete, under those insurers' full responsibility. Source
- No one may carry out insurance distribution in or from Malta unless registered or enrolled with the Malta Financial Services Authority (MFSA), apart from intermediaries registered in another EU or EEA state under the Insurance Distribution Directive. Source
- The MFSA keeps a Brokers List of enrolled insurance brokers, separate from its Agents List and Tied Insurance Intermediaries List, and updates it regularly. Source
Questions
Is it cheaper to use an insurance broker in Malta?
Not always, but a broker can save you time and catch gaps in cover. Because they go to several insurers, you see more options than by calling one company. The cheapest premium is not the best deal if the excess is high or an exclusion hits the thing you care about. Ask the broker to set out the main differences between quotes in writing.
What is the difference between an insurance broker and an agent?
Under Maltese law, a broker is free to choose among insurers and brings you and the insurer together. An agent is appointed by a particular insurer and sells on its behalf. Both must be registered or enrolled with the MFSA. If you want the market compared, ask a broker. If you already know which insurer you want, going to its agent can be quicker.
How do I check an insurance broker is licensed in Malta?
Ask for the name of the brokerage and of the person advising you, then check them with the MFSA, which keeps separate lists for brokers, agents and tied intermediaries. An intermediary registered elsewhere in the EU may also be allowed to operate here, so ask where they are registered. If someone cannot tell you, take your business elsewhere.
Can a broker help with car insurance in Malta?
Yes. A broker can compare comprehensive and third party policies from several insurers, which helps if you have an imported car, a young driver, past claims or a no-claims record from abroad. Ask how each insurer treats foreign driving history, what the excess is, and whether roadside assistance or a replacement car is part of the cover.
How many insurance brokers are there in Malta?
Tminta lists 1 insurance brokers in Malta right now, and new ones join every month. Each page shows how to contact them.
How do I contact a insurance broker in Malta?
Open a profile and call, message, email or visit their website. You contact them direct, and there are no fees.
Can I see their work before I get in touch?
Yes. Open a profile to see photos of their work, links to their pages and reviews from customers.
Does Tminta charge a fee?
No. Searching and contacting insurance brokers on Tminta is free. You deal with them direct.
I am a insurance broker. How do I get listed?
Add your business for free on the "List your business" page. If you are already listed, open your page and claim it to update your details.