Protectionism creates dangerous risk concentrations : open (re)insurance markets are the only way to remove the danger

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<title>Protectionism creates dangerous risk concentrations</title>
<subTitle>: open (re)insurance markets are the only way to remove the danger</subTitle>
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<publisher>Insurance Europe</publisher>
<dateIssued>2017</dateIssued>
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<abstract displayLabel="Summary">International (re)insurers play a crucial role in enabling economic growth around the world by offering financial protection and dispersing insured risks across a global network. International (re) nsurance means that the financial impact of natural and man-made disasters is not concentrated within the economies in which they occur. Of course, this is the central objective of insurance: to share risks, so that losses are more easily absorbed. To be able to protect and contribute towards economic growth, foreign (re)insurers need to be authorised by regulators to do business and to be treated the same as local companies</abstract>
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