Documenting the Industry: Regulatory Reporting for Insurance and Reinsurance

Date: 13th November 2024 12:00 - 14:00 Online

This CPD will focus on regulatory reporting submissions for insurance and reinsurance companies


This training session provides a background of the regulatory reporting requirements which Insurance and Reinsurance Companies are mandated by law to submit to the competent authority, as relevant. In this regard, the session will delve into the submissions required to ensure compliance, covering the required quantitative and qualitative content, by the delegated regulation including frequency and deadlines. Finally, it also captures the latest amendments to Chapter 8 of the Insurance Rules including information on those eligible entities who may apply the General Accounting Principles in respect of certain Eligible Entities related to the business of Insurance Regulations (“GAPEE”) as an alternative to IFRS Framework (IFRS17)


  • Legislative basis
  • Reporting requirements
  • Regulatory reporting submission references
  • Reporting deadlines
  • Qualitative reporting – SFCR – RSR – ORSA
  • Quantitative reporting – Quarterly & Annual QRTs, Management Accounts, Audited
  • Financial Statements, Audited SFCR;
  • Eligible insurance entities (IFRS17 vs GAPEE)

Learning Objectives

  • Ensuring compliance with Article 32 of the Act and Chapter 8 of the Insurance Rules – Financial Statements and Supervisory Reporting Requirements;
  • Meeting the Authority’s expectations with respect to data quality and narrative reporting;
  • Knowledge of the required content to be reported in different reporting submissions;
  • Checklist to ensure compliance with regulatory deadlines.

Target Audience

  • Compliance Officers
  • Finance Function
  • Risk Officers

Assessment Questions and Answers

In line with MFSA requirements, a short multiple-choice assessment will be provided by the trainer towards the end of the session. A Certificate of Attendance will be awarded to all students who attend the CPD (duration will be included on certificate). A Certificate of Achievement will be awarded to those who sit for the assessment and are successful (pass mark 60%)



Jessica Stivala, B.Com(Honours), FCCA, FIA, CPA

Jessica Stivala is an accountant by profession specialising in Insurance Regulatory as a consultant in her personal capacity, also serving as an Independent Non-Executive Director on the board of a regulated Insurance Company.

She previously worked with the Malta Financial Services Authority within the Insurance and Pensions Supervision function between 2012 and 2021, during which time she held the position of a Senior Manager since 1 January 2018. She has been involved in and led onsite inspections, desktop reviews, analysis and investigations, predominantly as part of the supervision of the insurance market. Additionally, she has served on a number of MFSA cross-sectoral working groups, worked on policy papers and participated in EIOPA’s committees and Expert networks in the areas of Governance, Insurance risk management, reporting, financial quantitative requirements, audit and accounting. Prior to joining the Authority, she held the position of an Assurance Senior with a Big Four firm wherein she has gained professional experience in auditing. Jessica is a Qualified Public Accountant and holds a Bachelor (Honours) degree from the University of Malta as well as a Masters Degree in Accountancy. She is also a Fellow Member of the Malta Institute of Accountants.


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Why Choose Us

MITC is made up of a close-knit team with a real passion for learning and insurance, who believe in the continuous development and empowerment of individuals through learning. We understand all of the nuances and challenges that come with insurance training and, that is why we’re here to help you get your training right.

Our courses are developed following in-depth research and consultation on the subject matter and the related market, thus ensuring participant needs are met. All our trainers are experts in their field and actively contribute towards the continuous development of the courses which they deliver.

Our training services are accredited by the Malta Further and Higher Education Authority (MFHEA) and the European Qualifications Framework platforms. MITC’s homegrown insurance programmes are recognised by the renowned Chartered Insurance Institute, UK.

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