Asian protectionism, a challenge to reinsurers
Thursday, 11 02 2017, Category: Insurance and Reinsurance, Country: Asia
Asian regulators are continuing to enhance and improve their regimes, and several Asian countries are adopting protectionist measures to expand their domestic reinsurance market, Christopher Han, associate director at Fitch Ratings, told SIRC Today.
“Localisation is a prevalent theme that we observe in certain countries,” he said, citing Indonesia, India and China.
In Indonesia, a domestic cession policy introduced in 2014 has led to an increase in domestic reinsurance, he noted.
Source: Intelligent Insurer