Information

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

Public ID: PID-94Y66B

Differentiation between admitted and occasional reinsurers in Brazil now resolved, benefiting UK exporters/investors

in Brazil

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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