LEADER 03231nam 2200505I 450 001 9910793024103321 005 20180917082815.0 010 $a1-78756-979-9 010 $a1-78756-977-2 035 $a(CKB)4100000006096484 035 $a(MiAaPQ)EBC5498135 035 $a(UtOrBLW)9781787569775 035 $a(EXLCZ)994100000006096484 100 $a20180917d2018 uy 0 101 0 $aeng 135 $aurun||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 14$aThe development of the Maltese insurance industry $ea comprehensive study /$fMark Laurence Zammit, Jonathan Spiteri, and Simon Grima (Faculty of Economics, Management and Accountancy, Insurance Department, University of Malta, Malta) 205 $aFirst edition. 210 1$aBingley :$cEmerald Publishing Limited,$d[2018] 210 4$dİ2018 215 $a1 online resource (184 pages) 300 $aIncludes index. 311 $a1-78756-980-2 311 $a1-78756-978-0 320 $aIncludes bibliographical references. 330 $aMalta is the only country in the European Union, and one of only six countries in the world, that has not had a banking crisis since the 1970s. Despite its lack of raw materials, Malta currently has one of the lowest rates of unemployment and inflation in the EU, as well as a positive GDP. Yet there are only a few studies on the development of the industry that contributes most to its economy, the financial services industry. Drawing upon empirical findings, archival research, and interviews, Zammit, Spiteri, and Grima fill a major gap in the literature by delivering a study of the development of the Maltese insurance industry. The authors collect literature and insights from prominent figureheads in order to outline the history of this major sector of the Maltese economy, tracing its roots back to the earliest inhabitants of the island, through to the expansion of its maritime trade, and working right up to the present with the emergence of more complex and sophisticated insurance services and products. The success of Malta's specific risk-management practices, generally characterized by risk-avoidance and prudence, is shown to have implications beyond Maltese financial policy and regulatory development: it offers concrete guidance from a small-scale "laboratory" for the complex policy and development decisions of larger nations. This study is of interest to students and academics of insurance, risk management, and financial services, and it offers food for thought and guidance to practitioners and policy makers. 606 $aInsurance$zMalta 606 $aBusiness & Economics$xGeneral$2bisacsh 606 $aEconomics, finance, business & management$2bicssc 615 0$aInsurance 615 7$aBusiness & Economics$xGeneral. 615 7$aEconomics, finance, business & management. 676 $a368.00688 700 $aZammit$b Mark Laurence$01531266 702 $aSpiteri$b Jonathan 702 $aGrima$b Simon 801 0$bUtOrBLW 801 1$bUtOrBLW 906 $aBOOK 912 $a9910793024103321 996 $aThe development of the Maltese insurance industry$93776761 997 $aUNINA