Since the 1950s, technological progress and population growth have increased the size of many insurable risks beyond the capacity of national insurance industries, so that there has been a growing need to spread risks beyond national frontiers. Yet for various reasons many governments, particularly among the developing countries, have restricted trade with international insurers and re-insurers.
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Since the 1950s, technological progress and population growth have increased the size of many insurable risks beyond the capacity of national insurance industries, so that there has been a growing need to spread risks beyond national frontiers. Yet for various reasons many governments, particularly among the developing countries, have restricted trade with international insurers and re-insurers.
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