Limits on overseas reinsurance companies in Vietnam
Trade barrier summary
Where an insured risk is ceded, at the request of the person or organisation covered by the insurance, local insurers can only reinsure up to 90% of its total insurance liability with overseas reinsurers. This limits the support UK reinsurers can provide to Vietnamese businesses and the wider economy.
Sectors affected
- Financial and professional services
Resolved
No
Date reported
30 August 2019
Last updated
17 December 2020
Public ID
PID-9J5EW9
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