The Malta Chamber And Malta Insurance Association Sign Cooperation Agreement

Both parties will cooperate to not only share views, ideas and best practices, but also work on creating initiatives intended to educate and raise awareness on the importance of insurance within the business community.

The Malta Chamber of Commerce, Enterprise and Industry have signed a cooperation agreement with the Malta Insurance Association with the aim of enhancing Malta’s economy, particularly in the field of insurance.

Ahead of the signing, Marisa Xuereb, The Malta Chamber President said “together with the Malta Insurance Association, The Malta Chamber will ensure proper take-up and enforcement of insurance policies.”

Both parties will cooperate to not only share views, ideas and best practices, but also work on creating initiatives intended to educate and raise awareness on the importance of insurance within the business community.

Mr. Anthony Cauchi, President of the Malta Insurance Association (“MIA”), expressed his satisfaction at the signing of the Memorandum of Understanding between the Chamber and the MIA. The close collaboration between the two would help address certain issues and concerns that the Insurance Sector is facing on an on-going basis.

‘This agreement opens up an interesting phase which would give the Association the possibility of sharing its own concerns with a wider sphere of sectors already experiencing similar challenges. The Chamber provides the MIA an excellent conduit and platform for sharing information and solutions which our Association will be unable to reach on its own. The shortage of human resources is one such challenge which requires a concerted effort and investment if it is to be considered as a career of choice for those embarking on one,’ Mr. Cauchi said.

The agreement was signed by Marisa Xuereb and Dr Marthese Portelli, President and CEO of The Malta Chamber respectively, and Anthony Cauchi and Adrian J Galea, President and Director General of the Malta Insurance Association respectively.