There are no minimum capital requirements. However, there are complex rules governing solvency margins, guarantee funds, and technical reserves.
SOLVENCY MARGINS
Insurers are required to maintain a solvency margin, for both general and long-term business. The level required may vary depending on the class of business being undertaken. If the solvency margin falls below the required amount, the insurer is required to submit a plan for approval to restore the financial position. The Commissioner has powers to prohibit the disposal of any of the insurer's assets in such a situation.
Non-EU insurers carrying out business in Gibraltar but which are supervised by agreement in another Member State are not required to maintain solvency margins in respect of the Gibraltar business.
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