Maris Young

Buying insurance through a person you can deal with face to face is still common in Malta, and Maris Young offers exactly that. Working from an office in Ħ'Attard, a residential town next to Mdina and Rabat in the centre of the island, Maris Young acts as a tied insurance intermediary and speaks directly to each client about what they need.

The business trades as MY Co. Ltd. and sells the products of two insurers in the Mapfre group. Our directory of insurance providers in Malta lists other insurers and brokers, and this page explains how this particular intermediary works so you can decide whether to send an enquiry.

What a tied insurance intermediary does

A tied insurance intermediary is a person or company that sells the products of one insurance group, rather than comparing policies from the whole market as an independent broker does. In this case the products come from Mapfre. General insurance business products are manufactured by Mapfre Malta p.l.c., and long-term insurance business products are manufactured by Mapfre Msv Life p.l.c. MY Co. Ltd. distributes both.

Maris Young presents the role as representing you, the consumer, in insurance transactions. The aim is to help you understand which products fit your lifestyle and personal needs, and to give each client individual service, since no two customers are the same. UK readers used to buying online will find it a more personal route, and it suits people who want policy terms explained in person.

Regulation and the insurers behind the products

MY Co. Ltd. is enrolled under the Insurance Distribution Act, Chapter 487 of the Laws of Malta, as a tied insurance intermediary for both Mapfre Malta p.l.c. and Mapfre Msv Life p.l.c. Mapfre Malta p.l.c. is authorised by the Malta Financial Services Authority to carry on both long-term and general business under the Insurance Business Act. Mapfre Msv Life p.l.c. is authorised by the same regulator to carry on long-term business. All the entities are regulated by the MFSA.

General insurance usually means cover such as motor, property and liability, while long-term insurance means life and related policies. Ask for the policy wording to see exactly what each product covers. Our financial services in Malta overview explains how the regulator oversees the sector.

Individual and business cover

The services are organised under two headings: individual and business. Individual clients can ask about the personal insurance they need for their home, their family and their way of life, and the business side serves company owners who need cover for their activities.

A home insurance offer has been promoted on the news page, so ask what is current when you get in touch. If you are moving from the UK, our guide to relocating to Malta and our guide to Malta tax for UK nationals cover the practical steps, and company owners can read our corporate tax structure guide. Our directory also lists an accounting firm for filings that can help with the paperwork.

Visiting the Ħ'Attard office

The office is at 19 Triq is-Saghtrija in Ħ'Attard and is open Monday to Friday from 08:30 to 17:00. Attard lies a short drive from Mdina, so a visit combines easily with the sights in our Mdina guide, and our listing of hotels in Mdina and Rabat shows where to stay in this part of the island. You can also see our Valletta guide for the capital, which is nearby, and our overview of where to stay in Malta if you are still choosing an area.

The office closes on public holidays and sometimes for longer breaks, such as the days around Christmas and the New Year, so check before travelling. Use the VisitMalta.co.uk enquiry form on this page and we will pass your message to Maris Young, who will reply to you directly.