News Reinsurance05 Nov 2020

Indonesia:Agreement on US preferential tariff system eases access for American reinsurers

| 05 Nov 2020

The decision of the US government, issued through the US Trade Representative (USTR), to extend the Generalised System of Preferences (GSP) facility to Indonesia has led to a commitment by Indonesia to remove severe barriers to cross-border reinsurance in Indonesia for US reinsurers, says Mr Steve Simchak, department vice president and head of international at the American Property Casualty Insurance Association (APCIA).

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