Home Country Coverage Gibraltar


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Insurance Intelligence

Providing expert analysis, independent market insight and company data on the insurance industry.

Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.

Axco’s Gibraltar Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.

The Life & Benefits Report for Gibraltar includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics

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Information for Gibraltar can be seen in:

Insurance Market Reports (Non-Life) Insurance Market Reports (Life & Benefits) Global Statistics Regulatory Alerts Market Profiles Insight Compliance Compliance Point Axco API Clinical Trials

Country Information

Capital city
Real GDP growth (%)
Inflation (%)
latest GWP
Insurance Penetration (%)
0.03 mn

Gibraltar, referred to colloquially as the Rock, is only seven square kilometres and became a colony of the United Kingdom in 1830, since when it has gradually devolved into a self-governing UK Overseas Territory. The 2006 constitution means it only depends on the UK for defence, internal security and external relations, the last being the reason that Gibraltar left the EU along with the UK in January 2020. Gibraltar's economy is small, open and based primarily on financial services, tourism and port services.

Currently the Gibraltar insurance market, and companies authorised and licensed to carry on business there, operate on either an on-shore or offshore basis where they provide services for passporting purposes. Following Brexit, the Financial Services (Passport Rights and Transitional Provisions) (EU Exit) Regulations established a temporary permissions regime to enable European Economic Area (EEA) firms that operated in Gibraltar through the EU's passporting regime to continue carrying out regulated activities after 31 December 2020, while they seek authorisation from the regulator. They also grant UK firms passporting rights to establish a branch or provide services in Gibraltar from 1 January 2021. Under the amended regulations, Lloyd's is treated as a UK firm providing (re)insurance services.

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