IMF Staff Country Reports

Gibraltar: Detailed Assessment Report of Observance of the Insurance Core Principles

Publication Date:

May 21, 2007

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper examines Gibraltar’s Detailed Assessment Report of the Observance of the Insurance Core Principles. Foreign establishments operating in Gibraltar are all European Union (EU)-based and therefore covered by EU directives, including the directive on freedom of establishment. A key reason for the growth in this sector is the ability of firms licensed in Gibraltar to passport their services to EU member states. The domestic insurance market is, however, quite small with a population in the region of 30,000.

Series:

Country Report No. 2007/156

Subject:

Financial institutions Financial services Insurance Insurance companies Internal controls Revenue administration Technology Virtual currencies