Differentiation between admitted and occasional reinsurers in Brazil now resolved, benefiting UK exporters/investors
Trade barrier summary
Regulations restricted occassional reinsurers, including UK insurers, to being able to access only 10% of the Brazilian insurance market. Admitted insurers were able to access a larger share of the Brazilian market.
Resolution of this issue benefits UK businesses acting as occasional reinsurers in Brazil as there is no longer a formal differentiation between admitted and occasional reinsurers.
Sectors affected
- Financial and professional services
Resolved
Yes - February 2020
Date reported
27 January 2019
Last updated
26 November 2021
Public ID
PID-94Y66B
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