Equity caps on foreign ownership, the ban on direct branching and restrictions on cross-border reinsurance are the most common barriers
Foreign insurers face barriers to market access in the five biggest emerging economies, according to the latest report from The Geneva Association.
Equity caps on foreign ownership, the ban on direct branching and restrictions on cross-border reinsurance are the most common barriers to market entry, said the report.
The research also found that insurers are set to play a pivotal role in the BRIC markets sustained economic development.