Her Majesty’s Government of Gibraltar has announced the amendment of the Financial Services (Specified EEA Insurers) (Temporary Exemption) Regulations 2020 (the “Regulations”) with the objective of permitting Swiss-based insurers to access Gibraltar’s insurance market. This follows on from the position under the Regulations, as originally introduced, which permitted (and continue to permit) access to the Gibraltar insurance market by insurers within the EEA, subject to certain conditions and as long as such insurers promote greater consumer choice within Gibraltar.
As with past measures introduced at the end of the European Union Withdrawal Transition Period, the extension of access to Swiss insurers under the Regulations demonstrates the swiftness with which Gibraltar is able to adapt to new opportunities, as well as the needs of its market participants and stakeholders. For further information or queries please contact email@example.com
The Government’s Press Release can be accessed here