Regular readers may remember that in past articles, I have
written about several aspects of the insurance industry – in
particular the growing importance of new insurance business to
Gibraltar. After all Gibraltar's insurance industry has
expanded from just 13 licensed insurers at the turn of the century
to over 60 today. That's a lot of new business and a lot of new
employment.
I have set out in the past why Gibraltar is such an important
insurance centre. As we know, Gibraltar's financial services
sector, including insurance, is very well regulated and the benign
fiscal regime makes doing business here very tax efficient. Tie in
these advantages with the speed of licensing, the ability to
passport services across the EU, a highly trained, professional
workforce and a legal system based on English law and the overall
offering is unbeatable.
