LifeStar Insurance plc has officially expanded its operations beyond Malta, entering the Republic of San Marino following regulatory approval from the country’s central bank.
This move forms part of the company’s broader growth strategy to establish a footprint in new European markets.
In September 2024, LifeStar Insurance secured authorisation from the Banca Centrale della Repubblica di San Marino (Central Bank of San Marino) to distribute its insurance products in the microstate. As required by local regulation, the company will operate through authorised intermediaries.
To this end, LifeStar has entered into an agency agreement with the Cassa di Risparmio della Repubblica di San Marino s.p.a. (CRSM), the country’s largest and oldest bank. CRSM is also licensed as an insurance and reinsurance intermediary by the Central Bank of San Marino.
The agreement appoints CRSM as LifeStar’s official agent for the marketing and sale of selected insurance products within San Marino, facilitating a smoother entry into the market by leveraging the bank’s established presence and customer base.
This milestone follows LifeStar’s recent efforts to passport its services into Italy, signalling the company’s continued ambition to evolve from a national player into a regional one within Southern Europe.
LifeStar Insurance is headquartered in Ta’ Xbiex, Malta, and is authorised and regulated by the Malta Financial Services Authority under the Insurance Business Act.
Written By
Nicole Zammit
When she’s not writing articles at work or poetry at home, you’ll find her taking long walks in the countryside, pumping iron at the gym, caring for her farm animals, or spending quality time with family and friends. In short, she’s always on the go, drawing inspiration from the little things around her, and constantly striving to make the ordinary extraordinary.
