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Category: Business and Industry
Date Submitted: 10/05/2016 12:33 AM
Gibraltar Insurance Market Size, Share, Analysis, Emerging
Opportunities, Strategies, Outlook and Competitive Landscape
Summary
The Gibraltar-based insurance market services customers across Europe but has a most significant role within the
UK insurance space, where a majority of its more than £3bn in business is found. Insurers located in Gibraltar
collectively underwrite almost 20% of the UK's private motor market. While a number of factors have been at play
in leading insurers to domicile here, a number of factors - not least the impact of Brexit and the shift to Solvency II
- have stirred uncertainty.
Access Full Report with TOC @ http://www.radiantinsights.com/research/uncovering-the-insurance-market-ingibraltar
Synopsis
Verdict Financial's Uncovering the Insurance Market in Gibraltar report takes a look at an insurance industry that,
collectively, plays a significant role within the UK insurance space. This report illustrates the Gibraltar market in
numbers, identifying its size and impact across key product areas. After placing these figures in a context which
highlights why insurers locate here, what these insurers tend to look like, and the likely impact of Brexit, the report
profiles each non-life general insurer in the market.
Key Findings
- Gibraltar is host to an insurance industry of 32 non-life insurers trading a collective £3.3bn on the open market.
- Around two thirds of the market underwrite motor insurance and this accounts for, by some margin, the greatest
share of total GWP.
- The result of the referendum on the UK's EU membership provides a challenge to the Gibraltar market, not least
those insurers with significant levels of Europe-based business. However, for a majority with a predominant focus
on the UK market, the impact is likely to be largely mitigated.
- Admiral Insurance is the largest underwriter in Gibraltar, accounting for more than £850m in total GWP.
Reasons To Buy
- Understand the Gibraltar market better and recognize the impact...