The world of insurance is evolving rapidly and Gibraltar is emerging as a hub for insurance. Gibraltar offers a unique advantage for insurance businesses and start-ups, it's strategic location, regulatory framework  and vibrant business ecosystem make it an attractive destination for entrepreneurial endeavours. HM Government of Gibraltar and Minister for Justice, Trade & Industry Hon. Nigel Feetham KC MP commitment to fintech, DLT and insurance innovation and regulatory frameworks further positions Gibraltar as a fertile ground for the industry.

At Startup Grind Gibraltar we are dedicated to fostering new business and startups in partnership with Hassans International Law Firm Ltd, Gibraltar Finance, Artex, Willis Towers Watson, Trinity Lane, The MPLC Ltd, Senate and other stakeholders to host this full day event on the 25th January 2024 at the 5 star Sunborn Yacht Hotel.

• Gain insights into the thriving insurance ecosystem in Gibraltar, a global hub for innovation and growth.
• Navigate the evolving regulatory landscape with sessions led by experts, ensuring you stay ahead in compliance and regulatory changes.
• Forge valuable connections with industry leaders, fellow professionals and potential collaborators, fostering growth and partnerships.
• Explore opportunities and collaboration in Gibraltar, strategically positioned for international market access.

Industry professionals, including Brokers, MGAs, Captives, PCCs, Insurtechs, Reinsurers and Startups will benefit from a unique platform to network, gain insights and explore the exceptional opportunities Gibraltar offers in the insurance sector

The conference aims to foster meaningful discussions, facilitate expert knowledge and exchange and present unparalleled networking opportunities. By bringing together international insurance professionals within Gibraltar's dynamic insurance community the event seeks to shine a spotlight on the insurance landscape.

Gibraltar's Insurance Sector Growth in 2022 - Highlights

Motor insurance remains the dominant sector with Gibraltar's insurers collectively exceeding a 30% market share of the UK motor insurance market for the first time. This noteworthy accomplishment affirms Gibraltar's position as a leading insurance domicile for motor insurance policies.

Whilst motor insurance remains the major sector, Gibraltar’s insurance industry has in recent years built and consolidated its position in other classes of business and activities. Today, it estimated that Gibraltar pet insurers have a collective share of the UK pet insurance market of circa 20% and Gibraltar travel insurance platforms are used to intermediate more than 30% of all travel insurance policies sold in the UK. This trend signifies the industry's ability to adapt to evolving consumer needs and demonstrates diversity within Gibraltar’s insurance sector .

Furthermore in recent years Gibraltar has attracted re-domiciliation from other jurisdictions. This move demonstrates Gibraltar's appeal as a conducive and supportive environment for insurance companies and startups seeking new growth opportunities.

A new bill later this year is set to pave the way, in response to the industry's request for greater flexibility for captive insurance, for a dual captive regime. This legislative development is a testament to the jurisdiction's commitment to fostering innovation and remaining relevant in a competitive global insurance market.

Sunborn Gibraltar Yacht Hotel is offering a special rate of £160 per room / night including breakfast (single occupancy) and £170 per room /night including breakfast (double occupancy), a supplement charge of £3 per person/ night is applicable (Tourism Tax)

Bookings can be made via res@sunborngibraltar.com with code INSU130923

For inquiries or more information, please contact:

Denise Matthews Chapter Director Startup Grind Gibraltar denise.matthews@startupgrind.com

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