Global trade dynamics have changed in recent years, with traditional free-trade champions becoming more protectionist and as a result re-evaluating previous agreements and policies.
These shifts affect ongoing and upcoming trade negotiations, which are of major importance to the global (re)insurance industry. Faced with this change, GFIA has continued to call for the removal of protectionism in its many forms and the opening of markets for the international (re)insurance players that can be such key contributors to countries’ economic and social development.
GFIA engages with policymakers to stress the value of dismantling market access barriers and opening markets to the global insurance industry to promote international trade and reduce the dangers of concentrating catastrophe risks within national markets.
Click here for the trade article from GFIA’s 2019-20 Annual Report.