Background
Malta is the only EU member state with specific Protected Cell Company (PCC) legislation, offering numerous advantages over stand-alone insurance intermediaries. Insurance brokers considering a PCC cell facility can manage a wide variety of operations within an existing PCC platform. An added benefit is that such brokers may retain their status as intermediaries while also innovating as risk-carriers. The legislation permits both functions to be included and maintained concurrently, enhancing Malta’s appeal for setting up such ventures.
A Protected Cell Company (PCC) is an insurance vehicle in which multiple ‘cells’ are connected to a single core, creating a single legal entity. Each protected cell has its own distinct name or designation, though it is not a separate legal person from the PCC.
