The birth of compulsory motor vehicle insurance

Can you imagine a government-run motor insurance company? That is precisely what was proposed just before World War II

World War II brought the Maltese insurance industry to a screeching halt. By late 1941, private importation ceased and everything arrived on the island through escorted convoys. This meant that marine insurance − historically one of the biggest non-life markets for Maltese agencies − was taken over by companies in the UK with the War Risk Insurance Office. 

This loss of business to local insurance agents came after a disappointing turn of events. In 1939, a new ... Read more

To read the full article please click here