Services Provided by Abacus To an Insurance Manager Cell To an Insurance Company under Management
Pre Set Up
  • Exploratory meeting to determine potential for entity under consideration
Yes Yes
  • Creation of an Abacus multi-disciplinary team including "virtual" team members from leading firms in the areas of tax, actuarial, audit, legal and other specialist advice as required
Yes Yes
  • Feasibility study
Yes Yes
Licensing and Company Registration (including re-domiciliation)
  • Preparation of license application to the MFSA
Yes Yes
  • Preparation of Memorandum & Articles
N/A Yes
  • Incorporation of the company (holding company, insurance company or Protected Cell Company
N/A Yes
  • Establishment of an Abacus Management Cell
Yes N/A
  • Establishment of a captive or other insurer cell in a PCC
N/A Yes
  • Provision of a registered office
Yes Yes
  • Appointment of auditors, bankers, legal and tax advisors
Yes Yes
Administration Services
  • Ongoing dealings with the Regulator
Yes Yes
  • The provision of corporate administration
Yes Yes
  • The organisation of Board meetings and AGMs
Yes Yes
  • Reinsurance placement and administration
N/A Yes
  • Maintenance of the books of accounts
Yes Yes
  • General secretarial services
Yes Yes
  • Preparation of periodic management accounts
Yes Yes
  • Liaison with auditors for preparation of annual financial statements in line with IFRS
Yes Yes
  • The provision of all payroll services in Malta as required
Yes Yes
  • The submission to the Regulator of all accounting information and returns
Yes Yes
Insurance Services
  • Policy Wording
N/A Yes
  • Underwriting
N/A Yes
  • Policy issuance and administration
N/A Yes
  • Insuarnce of certificates of insurance as required
N/A Yes
  • Claims Handling
N/A Yes
Treasury Services
  • Development of an asset allocation policy
N/A Yes
  • Investment portfolio management
N/A Yes
  • The provision of treasury reports on an ongoing basis
N/A Yes
Information Technology Services
  • Provision of a software package to administer premiums and claims
N/A Yes
  • Provision of an accounting package
Yes Yes
  • Periodic reporting as required and appropriate
Yes Yes
  • Certain services marked "N/A" may well be appropriate for some clients e.g., where Abacus provides establishment and management services for a captive or other insurance company client of a foreign insurance manager.

  • The extent and customisation of the services required from Abacus will determine the costs which will be charged