Obstacles to the liberalization of trade in insurance
Author(s)
Bibliographic Information
Obstacles to the liberalization of trade in insurance
（Thames essay, no. 58）
Harvester Wheatsheaf for the Trade Policy Research Centre, 1992
- : hard
- : pbk
Available at / 15 libraries
-
No Libraries matched.
- Remove all filters.
Note
Bibliography: p. [181]-186
Description and Table of Contents
Description
Since the 1950s, technological progress and population growth have increased the size of many insurable risks beyond the capacity of national insurance industries, so that there has been a growing need to spread risks beyond national frontiers. Yet for various reasons many governments, particularly among the developing countries, have restricted trade with international insurers and re-insurers. Carter and Dickinson examine the case for the reversal of that trend by looking at governments now embarking on liberalising international trade in insurance and re-insurance. They consider recent trends in trade in insurance services, the restrictions affecting trade between countries and attempts through the European Community and GATT to liberalise that trade.
Table of Contents
- Part 1 Recent developments in trade in insurance: restrictions on insurance trade
- regulation of reinsurance trade
- restrictions on insurance broking
- definition of discrimination. Part 2 The nature of insurance business: international insurance transactions
- reinsurance business
- volume of international trade in insurance. Part 3 Objectives of barriers to trade in insurance: protection of policyholders
- avoidance of wasteful and destructive competition
- development of local insurance markets
- protection for the balance of payments
- channelling funds to local capital markets
- national security. Part 4 Types of restriction imposed on insurance trade: direct barriers to cross-frontier insurance
- indirect barriers to establishment business
- indirect barriers to establishment business. Part 5 Analysis of the effects of discriminatorymeasures: effects on local consumers of insurance
- indirect balance-of-payments effects
- global economic effects. Part 6 Towards greater freedom of trade in insurance: freedom of choice in insurance and reinsurance
- restriction on cross-frontier insurance
- insurance supplied through local establishments
- local registration, shareholders and management
- differential capital and solvency regulations
- reinsurance regulations. Part 7 European Community's efforts to liberalize insurance trade: obstacles to liberalization
- freedom of establishment
- insurance intermediaries directive
- "Freedom of Services" for direct insurance
- trade with Third-country insurers. Part 8 Prospects for freer trade in insurance: discussions within the OECD
- discussions within the GATT
- initiative in the GATT
- Uruguay round negotiations
- conclusions.
by "Nielsen BookData"