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Gasan Group has been recognized by CIO Applications Europe Magazine as the exclusive recipient of “Top 10 FinTech Companies - 2020,” based on our proprietary methodology, reflecting its position in the industry, and is also named among “,” reflecting its broader leadership. This profile has been developed by the CIO Applications Europe research and editorial team based on insights from an interview with Mark Gasan, CEO.

Gasan Group

Gasan Group
Supporting All Your Financial and Insurance Needs

Mark Gasan, CEO, Gasan GroupMark Gasan, CEO
In the year 1928, when the late Joe Gasan was appointed sole concessionaire for Ford Motor Company in Malta, no one had expected the turn of events that followed. Proving to be one of the longest-lasting franchises awarded by Ford outside the U.S., the partnership became the cornerstone upon which Gasan Group was built. Simultaneously, Gasan operated the ‘Malta Mail and Passenger Service’ between Malta and numerous other Mediterranean ports, placing the company at the forefront of the then-budding tourism sector. Since then, there has been no stopping!

Since the 1970s, under the helm of Joe’s son Joseph A. Gasan, Gasan Group acquired new franchises for the automotive and marine business, and the Group forayed into new areas of business. One among them is capturing a significant share of the local insurance market and creating opportunities overseas. The two primary financial arms of Gasan Group include Gasan Finance and GasanMamo Insurance. While the principal business of Gasan Finance is to raise financial resources from capital markets to finance the operations and capital projects of the Group, GasanMamo Insurance delves a little deeper.

GasanMamo Insurance, a household name for the people of Malta, traces back its roots to 1947 and has evolved over the years to meet the needs of its customers.

The company looks forward to becoming a prime operator in Malta’s financial services sector while achieving sustainable growth for all stakeholders and simultaneously maintaining the highest professional standards

Be it car and boat insurance, home and business insurance, or travel and health insurance, GasanMamo Insurance has always assured its customer through its slogan, “We are there.” Its range of different insurance cover types finds the policy that suite its customers’ needs. Through continued investment in people and systems, GasanMamo Insurance takes on the challenges of tomorrow with confidence and optimism. Currently, under the leadership of Mark Gasan, the CEO of Gasan Group, the company looks forward to becoming a prime operator in Malta’s financial services sector while achieving sustainable growth for all stakeholders and simultaneously maintaining the highest professional standards.

In essence, the GasanMamo Insurance offers cheaper and simpler-to-understand solutions while retaining the exemplary standards the Group is known for. The comprehensive insurance covers, third-party fire, and theft policies offer the holders a great sense of protection. Also, with decades of experience under their belt, most of the company’s standard plans come with additional benefits. In short, the GasanMamo Insurance covers are flexible, scalable, and unique. Equipped with ingrained knowledge and expertise, the team at GasanMamo Insurance assists the customers throughout the entire policy lifecycle–from inception to underwriting and most importantly, in the event of a claim.

At heart, the GasanMamo Insurance actively supports various entities in the sphere of national heritage, culture, sport, as well as initiatives of a social nature that benefit those in need. Along with business, the company also takes part in numerous welfare initiatives, to help vulnerable communities, as a part of its corporate social responsibility. For instance, to help businesses overcome the challenging times of COVID-19, the GasanMamo Insurance in ensuring that its CSR strategy offers the right support to those who are in desperate need of it.

Today Gasan Group is one of Malta’s longest-standing businesses that stands upon its four core pillars–automotive and marine, building service and solution, finance and insurance, and property. In the last few years, the Group successfully consolidated its four core pillars, with the companies within each pillar considered to be amongst the market leaders in Malta. Moving forward, Gasan Group will further augment its capabilities and increase its customer base.

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Top 10 FinTech Companies - 2020

Gasan Group Info

Company
Gasan Group

Headquarters
Mriehel, Malta

Management
Mark Gasan, CEO

Description
Gasan Group is one of Malta’s longest-standing businesses that stands upon its four core pillars–automotive and marine, building service and solution, finance and insurance, and property. In the last few years, the Group successfully embarked in the consolidation of its four core pillars, with the companies within each pillar considered to be amongst the market leaders in Malta. A long-standing concessionaire appointment by the Ford Motor Company established Gasan Group as a leader in Malta’s Automotive Industry and paved the way for Gasan Group to expand into other business sectors. Built on a solid reputation of almost 90 years, the Group presently employing over 600 people

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