Insurance Management Service

The Gibraltar Financial Services Commission (FSC) encourages all promoters looking to apply for an insurance licence to use an insurance manager, as the manager’s knowledge of local requirements and processes helps streamline the licensing process.

As the largest insurance manager in Gibraltar, STM Fidecs has an established track record of assisting companies in successful licence applications.

Currently with more than a dozen insurance company clients, we have a wealth of invaluable experience, which could be particularly vital during the early stages of your company’s operations.

Once the company has been granted a licence, we provide ongoing management services and, in most cases, many of the middle and back office functions that are vital to the success of an insurer. This allows the company to focus on what they do best: underwriting.
Our services vary according to your needs, but can include some, or all, of the following:

  • Finance functions: preparing accounts and liaising with internal and external auditors
  • Regulatory services: ensuring your company complies with all local insurance legislation, liaising with the FSC and preparing quarterly and annual returns
  • Banking: managing banking relationships and payments
  • Secretarial: preparing minutes and providing general secretarial services
  • Advisory: providing general ad hoc insurance advice, on matters ranging from claims handling to reinsurance pricing. 

To discuss how we can help you, please email us or telephone us on Gibraltar (+350) 200 42686 and ask for Frank Willis.