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With this paper, Insurance Europe, the European insurance and reinsurance federation, wishes to highlight the key regulatory and market access issues (re) insurance companies encounter with respect to the US, Canada, Brazil, Japan, India, Russia, China and Argentina.
These countries all represent very important markets to the European insurance industry, however, in all cases the trading relationships could be further enhanced with the removal of certain trading barriers and increased regulatory convergence, for example through mutual recognition. In order to achieve such a goal, Insurance Europe believes effective regulatory dialogue between stakeholders of all levels is essential.
This briefing provides a high level summary of the key issues faced by the European insurance industry when trading with the aforementioned countries.
In addition to this summary, Insurance Europe will continue to provide more detailed input to the European Commission (EC) and other relevant stakeholders on insurance related developments in these markets on request.