Nuno Sardinha da Mata (Partner)
The regulatory framework for the insurance and reinsurance sector is becoming increasingly more complex and insurance industry players have to contend with stiffer competition. Companies need to balance service, price and customer satisfaction with claims and risk management strategies to limit their exposure in insurance underwriting and security for underperforming policyholders.
The Monetary Authority of Macau is the supervisory authority of the insurance activity in the jurisdiction and is in charge of co-ordinating and inspecting this sector, issuing licenses, regulating the industry and dealing with disciplinary matters. Both foreign and domestic companies are authorized to operate in the local insurance market for life-insurance or non life-insurance businesses, pursuant to certain legal requirements.
We offer legal advice and services on a broad spectrum of insurance and reinsurance matters, including: