We are delighted to reveal that Argus Insurance (Europe) has been named as the best Gibraltarian insurer after an extensive analysis of Solvency and Financial Condition Reports for Gibraltar-regulated non-life insurers.
The insurer earned an Underwriting Rating of 79%, securing top spot and its first Insurance DataLab Gold Award.
Based on our proprietary formula, devised specifically for this research, Insurance DataLab rates insurers across three key pillars – combined operating ratio (COR), three-year aggregate COR, and improvement in the COR over the last 12 months – with the top performers all receiving an Insurance DataLab Gold Award.
Argus Insurance (Europe) is joined on the list of top performers by Marshmallow (74%), Red Sands Insurance (Europe) (70%), AA Underwriting (69%), and Watford Insurance Company Europe (67%).
Gibraltar Outperforming UK Peers for the second consecutive year
Gibraltarian insurers received an average overall rating of 72% in our latest analysis, up from 69% last year, outperforming their UK-regulated peers by three-percentage points for the second year in a row.
Gibraltarian insurers were ranked highest for their Three-year Aggregate COR Rating with a score of 88%, some 11 percentage points better than their UK peers with a score of 77%.
Meet the Best Gibraltarian Insurers
- Argus Insurance (Europe) – 79%
- Marshmallow – 74%
- Red Sands Insurance (Europe) – 70%
- AA Underwriting – 69%
- Watford Insurance Company Europe – 67%
Results for each Gibraltarian insurer – as well as for UK insurers – are available on our market intelligence platform, with scores also broken down by business line. You can request a demo here.
Further analysis is also available in the Insurance Times Top 50 Insurers, for which Insurance DataLab is the data provider.
If you are one of this year’s Gold Award winners and would like a license to use this independent endorsement, contact Dan King.