Michael Whitfield of Atlas Insurance PCC explains how, after the disruption caused by Brexit, the company has worked to ensure UK businesses can continue to have access to its unique protected cell company offering As the challenges facing the world become ever more impactful and complex, so must solutions proposed by the insurance industry expand…
Ian-Edward Stafrace of Atlas Insurance PCC, a FinanceMalta member, explores how Malta’s innovative protected cell structures provide global captives with more efficient EU and UK risk coverage and market access The Republic of Malta is a full member of the EU, strategically located in the middle of the Mediterranean Sea, with English as its…
The insurtech sector is known for pushing the boundaries of traditional insurance through technology, in order to enhance efficiency, personalise customer experiences and introduce groundbreaking products. Yet, for many insurtechs, the journey to becoming a fully-fledged insurance carrier is fraught with regulatory, capital, and operational challenges. However, the landscape is evolving, with Malta’s Protected Cell…
Originally published in the April 2024 issue of Captive Insurance Times Bridge-it Ian-Edward Stafrace from Atlas Insurance PCC shares how innovative cell solutions can simplify cross-border insurance Brexit’s aftermath has thrust the EU and UK insurance sectors into a further complex regulatory and operational environment, creating barriers to entry for captives and insurers, particularly concerning…
Atlas Insurance PCC, a leading insurer in Malta and Protected Cell Company (PCC) in the EU, proudly announces two significant milestones. The company has successfully obtained authorisation for its UK branch license and extended its non-life insurance and reinsurance license to encompass life reinsurance. Having been active in the UK market since 2010, the UK…
Captives and protected cells have obtained diversification and extended from risk financing mechanisms to profit centres by offering affinity and embedded customer insurance. Atlas PCC also hosts cells for some of the most renowned insurtechs, insuring EU and UK customers. This shift brings consumer regulations into scope, which can be turned into opportunities to enhance…
Ian-Edward Stafrace of Atlas Insurance PCC shares his insights on leveraging protected cells for advancing ESG goals and driving sustainable change In a world in which ESG considerations increasingly dictate business strategy, risk and insurance managers are uniquely positioned to lead the charge. As ESG, sustainability and climate change adaptation ascend corporate agendas, insurance-protected cells…
Over the last decade, insurtechs have disrupted traditional insurance models with innovative underwriting, distribution, and customer service approaches. Yet, many remain reliant on established insurers to underwrite their policies due to regulatory hurdles, management resources, and capital requirements that make it challenging for insurtechs to become full-fledged carriers. Malta offers an alternative pathway for insurtechs…
Ian-Edward Stafrace of Atlas Insurance PCC, a member of FinanceMalta, highlights how Malta is quickly becoming the go-to destination for international companies seeking more efficient EU risk coverage. The Republic of Malta is a full member of the European Union (EU), strategically located in the middle of the Mediterranean Sea, with English as its business…
Ian-Edward Stafrace of Atlas Insurance PCC outlines how protected cells can enable agility in risk financing and captive ownership. “Adopting an agile approach to captive ownership allows for iterative learning and gains while lowering each step’s financial commitments and risks.” Captives are traditionally referred to as insurance subsidiaries of non-insurance parents writing risks of the…