Gibraltar: Detailed Assessment Report of Observance of the Insurance Core Principles
May 21, 2007
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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.
Subject: Financial institutions, Financial services, Insurance, Insurance companies, Internal controls, Revenue administration, Technology, Virtual currencies
Keywords: corporate governance, CR, EU insurer, Gibraltar insurer, guidance note, IAIS insurance core principle, Insurance, Insurance companies, insurance manager, Internal controls, ISCR, supervisory authority, Virtual currencies
Pages:
22
Volume:
2007
DOI:
Issue:
156
Series:
Country Report No. 2007/156
Stock No:
1GIBEA2007003
ISBN:
9781451815078
ISSN:
1934-7685
