Insurly's 2020 Ranking of the World's Safest Countries has marked the European country as the safest in the world with 93.4 points out of 100, followed closely behind by Singapore (92.7 points), Norway (91.1 points), Luxembourg and Cyprus.
South Sudan (14.8 points), the Democratic Republic of Congo (15.4 points) and the Central African Republic (21 points) were named the most risky destinations to travel to.
Meanwhile, a previous study revealed Sweden is the safest country for LGBTQ+ travellers.
Asher & Lyric said: "To measure LGBTQ+ safety abroad, one cannot look only at data on whether or not same-sex marriage is legal and if anti-LGBTQ+ discrimination laws are in place. It also depends on the general attitude of the culture, minutiae of the legal system, and oppression of LGBTQ+ rights.
"These issues can affect everything, from your ability to show public displays of affection to being able to share a hotel room bed to the capacity at which you can use dating apps without being caught by the local police. A few items on our list, such as adoption recognition and worker protections may not affect LGBTQ+ travellers directly, but these factors are a good indication of overall attitudes within the culture."