As insurers look to gain a more secure foothold in developing markets abroad, talks aimed at further opening the global arena may finally be moving forward.
"For the first time in many months, we're seeing what could be real progress in Geneva," in terms of negotiations within the World Trade Organization on liberalization of insurance regulations, said David Snyder, vice president and assistant general counsel of the American Insurance Association.
The U.S. government and others, he said, have made it clear that work cannot progress on agreements in other trade sectors–such as agriculture or manufacturing–without concurrent gains in the services arena, including insurance and other financial services. With that proviso, Mr. Snyder said that "if things go well, it could result in revised offers this year."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
