Global Trade Alert
Global Trade Alert

Brazil: Mandatory local partnerships in the insurance sector

Announcement

31 Mar 2011

In March 2011, the government of Brazil announced a change in the required local operations to serve domestic customers.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

31 Mar 2011

Revocation date:

No revocation date

Local operations requirement In force

In December 2010 and March 2011, the Brazilian National Council on Private Insurance (CNSP) issued Resolutions no. 225 and 232, respectively, on foreign insurance firms. Resolution no. 225 stipulated ...

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