APCIA welcomes US-China Trade Agreement
When looking to tap foreign markets, many re/insurers are faced with significant barriers to entry such as forced data localisation and caps on foreign investment. The American Property Casualty Insurance Association (APCIA) seeks to leverage the US trade agenda to mitigate these barriers, spotlighting Africa as a land of opportunity.
'If an agreement between Kenya and the US can be made then the benefits for insurance could be exponential'. Stephen Simchak, head of international, department vice president and counsel at the American Property Casualty Insurance Association (APCIA).
- Kenya offers opportunity despite substantial barriers
- APCIA flags issue of local data rules for global insurers
- US sees multibillion dollar impact of China trade tariffs
- UK and US step up regulatory cooperation to widen scope
Many re/insurers find that the most substantial opportunities for growth are in foreign markets, according to Simchak.
insurance, Kenya, data, reinsurance, US-Africa, China, tariffs