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The Insurance Industry in Gibraltar, Key Trends and Opportunities to 2019

The Insurance Industry in Gibraltar, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'The Insurance Industry in Gibraltar, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Gibraltarian insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Gibraltarian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'The Insurance Industry in Gibraltar, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Gibraltarian insurance industry, including:

  • The Gibraltarian insurance industry's growth prospects by segment and category
  • A comprehensive overview of the Gibraltarian economy and demographics
  • The detailed competitive landscape in the Gibraltarian insurance industry
  • Overview of distribution channels in the Gibraltarian insurance industry
  • Details of regulatory policy applicable to the Gibraltarian insurance industry
  • Analysis of natural hazards in Gibraltar
Scope

This report provides a comprehensive analysis of the insurance industry in Gibraltar:
  • It provides historical values for the Gibraltarian insurance industry for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
  • It offers a detailed analysis of the key segments in the Gibraltarian insurance industry, with market forecasts to 2019.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It analyzes the various distribution channels in Gibraltar.
  • It profiles the top insurance companies in Gibraltar and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Gibraltarian insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Gibraltarian insurance industry.
  • Assess the competitive dynamics in the Gibraltarian insurance industry.
  • Identify growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Gibraltarian insurance industry and their impact on companies and the industry's future.
Key Highlights
  • Attractive legal features related to insurance company licensing, establishment and the selling of products have attracted many captives and offshore insurers, such as Brit Insurance, Intercontinental Hotels and Tate & Lyle.
  • Gibraltar's EU membership provides insurance passporting rights, which have been a key model for Gibraltarian insurers.
  • The life segment declined at a review-period CAGR of -21.9%; however, it is projected to grow at a forecast-period CAGR of 16.9%.
  • All types of insurance can be underwritten from Gibraltar, although motor insurance has a large share. Gibraltarian insurers tend to source business from the UK, while they write around 20% of motor insurance.
  • The Gibraltarian construction industry grew during the review period, due to government and private investment in infrastructure, housing development, and land reclamation projects.
  • Gibraltar has established itself as a leading destination for online gaming activities, which plays a significant role in the economy.


  • Key Facts and Highlights
    • Table Gibraltarian Insurance Industry - Key Facts
  • Executive Summary
  • Economy and Demographics
  • Gibraltarian Insurance Industry Overview
    • Gibraltarian Insurance Industry
      • Table Gibraltarian Insurance - Gross Written Premium by Segment (GBP Million), 2010-2014
      • Table Gibraltarian Insurance - Gross Written Premium by Segment (US$ Million), 2010-2014
      • Table Gibraltarian Insurance - Gross Written Premium by Segment (GBP Million), 2014-2019
      • Table Gibraltarian Insurance - Gross Written Premium by Segment (US$ Million), 2014-2019
      • Table Gibraltarian Insurance - Segmentation by Gross Written Premium (% Share), 2010-2019
      • Table Gibraltarian Insurance - Direct Written Premium by Segment (GBP Million), 2010-2014
      • Table Gibraltarian Insurance - Direct Written Premium by Segment (US$ Million), 2010-2014
      • Table Gibraltarian Insurance - Direct Written Premium by Segment (GBP Million), 2014-2019
      • Table Gibraltarian Insurance - Direct Written Premium by Segment (US$ Million), 2014-2019
      • Table Gibraltarian Insurance - Segmentation by Direct Written Premium (Percentage Share), 2010-2019
  • Industry Segmentation
    • Life Insurance
      • Table Gibraltarian Life Insurance - Gross Written Premium (GBP Million), 2010-2014
      • Table Gibraltarian Life Insurance - Gross Written Premium (GBP Million), 2014-2019
      • Table Gibraltarian Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014
      • Table Gibraltarian Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
      • Table Gibraltarian Life Insurance - Total Assets (GBP Million), 2010-2014
      • Table Gibraltarian Life Insurance - Total Assets (GBP Million), 2014-2019
      • Table Gibraltarian Life Insurance - Net Written Premium (GBP Million), 2010-2014
      • Table Gibraltarian Life Insurance - Net Written Premium (GBP Million), 2014-2019
    • Non-Life Insurance
      • Table Gibraltarian Non-Life Insurance - Gross Written Premium (GBP Billion), 2010-2014
      • Table Gibraltarian Non-Life Insurance - Gross Written Premium (GBP Billion), 2014-2019
      • Table Gibraltarian Non-Life Insurance - Net Written Premium (GBP Billion), 2010-2014
      • Table Gibraltarian Non-Life Insurance - Net Written Premium (GBP Billion), 2014-2019
      • Table Gibraltarian Non-Life Insurance - Total Assets (GBP Billion), 2010-2014
      • Table Gibraltarian Non-Life Insurance - Total Assets (GBP Billion), 2014-2019
    • Reinsurance
      • Table Gibraltarian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (GBP Million), 2010-2014
      • Table Gibraltarian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2010-2014
      • Table Gibraltarian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (GBP Million), 2014-2019
      • Table Gibraltarian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2014-2019
      • Table Gibraltarian Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
      • Table Gibraltarian Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
      • Table Gibraltarian Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
      • Table Gibraltarian Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
  • Natural Hazards
    • Table Gibraltarian Average Annual Loss by Hazard (US$ Million), 1990-2014
    • Earthquakes
  • Distribution Channel Outlook
  • Competitive Landscape
    • Overview
      • Table Insurance Companies in Gibraltar, 2016
      • Table EEA Insurance Companies in Gibraltar, 2016
    • Leading Companies
      • Enterprise Insurance Co. Plc - company overview
        • Table Enterprise Insurance Co. Plc - Key Facts
      • Argus Insurance Co. (Europe) Ltd - company overview
        • Table Argus Insurance Co. (Europe) Ltd - Key Facts
      • Haven Insurance Co. Ltd - company overview
        • Table Haven Insurance Co. Ltd - Key Facts
      • Southern Rock Insurance Co. Ltd - company overview
        • Table Southern Rock Insurance Co. Ltd - Key Facts
      • Red Sands Life Assurance Co. (Europe) Ltd - company overview
        • Table Red Sands Life Assurance Co. (Europe) Ltd - Key Facts
  • Governance, Risk and Compliance
    • Table Gibraltar - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Gibraltar - Life Insurance Regulatory Framework
      • Property insurance
        • Table Gibraltar - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Gibraltar - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Gibraltar - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Professional indemnity for alternative investment managers
    • Supervision and Control
      • International Association of Insurance Supervisors (IAIS)
      • Financial Services Commission (FSC)
      • Gibraltar Insurance Association (GIA)
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Gibraltar - Corporate Tax Rates for the Financial Year 2015
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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