insurance Market in Gibraltar
Numerous insurance companies operate from Gibraltar. Like banks, some are licensed by Gibraltar and thus fully regulated by Gibraltar's FSC (Financial Services Commission), while others are authorised and regulated by the EEA (European Economic Area) state to which they belong.
The Gibraltar Government takes special care to ensure that legislation regulating its insurance industry matches that in the UK. In fact, the team at the FSC keeps abreast legal changes in order to ensure that local legislation evolves along side its counterpart in the UK.
Gibraltar is a member of two insurance supervisory organisations: the International Association of Insurance Supervisors and the Offshore Group Insurance Supervisors.