What are solvency margin requirements?
The Gibraltar Regulator will base his solvency requirements for new or existing companies on the European minima i.e. 18%/16% of Gross Written Premiums (including uplifts for liability classes), proportionately reduced according to likely reinsurance recoveries on claims incurred. After three years the claims basis is applied (26%/23% of three year average claims), the required solvency margin being the greater result of the two calculations..
