IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 22 Dec 2017 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On December 20, 2017, the National Council of Private Insurance issued Resolution 353 eliminating the limits on risk cession between reinsurers authorised to operate within Brazil and their affiliated companies registered elsewhere, as well as, the market reserve in favour of the domestic reinsurers.

With regard to the limits of risk that could be allocated to an intra-group reinsurer, the prior Resolution set the limit at 30% for 2017 and planned a progressive increase to a cap of 75% by 2020 (please, see related state acts).

Concerning the market reserve, previously to this resolution, insurers were obliged to place a minimum percentage of each risk with local reinsurers set at 30% for 2017 and progressively decreasing to 15% by 2020 (please, see related state acts). 

This resolution entered into force on December 22, 2017.

AFFECTED COUNTRIES

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