Information

This barrier is unrelated to the end of the transition period, following the United Kingdom's departure from the EU.

Public ID: PID-9M88W9

Order of preference for Indian businesses restricts foreign re-insurance companies

in India

Trade barrier summary

Domestic re-insurers have the right of first refusal to any onshore reinsurance business. Private onshore re-insurers and re-insurers in Gujarat International Finance Tech City, also have preference over offshore re-insurers. This affects UK companies in the financial sector doing business in India.

Sectors affected

  • Financial and professional services

Resolved

No

Date reported

7 January 2020

Last updated

7 December 2021

Public ID

PID-9M88W9

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