Insurance Groups Complain About China, Japan, Brazil, India

Japan has passed many laws and implemented many regulations to open its insurance market, but it continues to give an unfair edge to KAMPO, the country’s national postal life insurance program, Keating and Vagley argue.

Keating and Vagley also complain about the closed pension programs and the government-run reinsurance monopoly in Brazil; the lack of laws protecting the rights of foreign insurers operating in Brazil and India; and a law in India that prohibits foreign companies from owning more than 26% of the stock of Indian businesses.