Brazilian reinsurance regulations still need improving says IFIRMA
The International Federation of Risk and Insurance Management Associations has welcomed the flexibility of the Brazilian government in responding to the world-wide concern about its new reinsurance regulations, but believes more needs to be done to limit the negative impact on insurance capacity and cost.
By replacing Resolution 224 with Resolution 232, the Brazil government is permitting insurance companies to cede up to 20% of each reinsurance treaty to companies based abroad that are linked with or
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