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Brazil Insurance Industry - Governance, Risk and Compliance

Publisher GlobalData
Published Jun 12, 2025
Length 144 Pages
SKU # GBDT20349525

Description

Brazil Insurance Industry - Governance, Risk and Compliance

Summary

GlobalData’s ‘Brazil Insurance Industry - Governance, Risk and Compliance’ report is the result of extensive research into the insurance regulatory framework in Brazil.

It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

The report provides insights into the governance, risk, and compliance framework pertaining to the insurance industry in Brazil, including-
  • An overview of the insurance regulatory framework in Brazil.
  • The latest key changes, and changes expected in the country’s insurance regulatory framework.
  • Key regulations and market practices related to different types of insurance product in the country.
  • Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in the country.
  • Key parameters including licensing requirements permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
  • Details of the tax and legal systems in the country.
Key Highlights
  • Susep governs the insurance industry in Brazil.
  • Non-admitted insurance is not permitted in Brazil; however, there are a few exceptions.
  • The state reinsurer, Brasil Resseguros SA, was privatized in September 2013.
  • The FDI regime of Brazil allows up to 100% foreign ownership in domestic insurance companies.
  • Key classes of compulsory insurances include motor third-party liability, worker’s compensation, and domestic credit insurance.
Scope
  • The report covers details of the insurance regulatory framework in Brazil.
  • The report contains details of the rules and regulations governing insurance products and insurance entities.
  • The report lists and analyzes key trends and developments pertaining to the country's insurance regulatory framework.
  • The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
  • The report provides details of taxation imposed on insurance products and insurance companies.
Reasons to Buy
  • Provides FAQ-style analytical insights comprising 129 knowledge elements on insurance compliance applicable to the country.
  • Gain insights into the insurance regulatory framework in Brazil.
  • Track the latest regulatory changes, and expected changes impacting the Brazilian insurance industry.
  • Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.
  • Understand key regulations and market practices pertaining to various types of insurance product.

Table of Contents

144 Pages
BRAZIL
Legislation Overview
Supervision and Control
Legislation
Compulsory Insurance
Non-Admitted Insurance Regulations
Company Registration and Operation
License
Foreign Direct Investment / Ownership
Minimum Capital Requirements
Solvency Margins
Reserve Requirements
Statutory Return Requirements
Fee Structure
Taxation
Tax on Insurance Premium
Corporate Income Tax
Corporate Capital Gains Tax
Value Added Tax
Legal System
Policy Practice
About GlobalData
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List of Tables
Table 1: Brazil – Compensation Provided by the Insurer in the Event of an Accident
Table 2: Brazil - Premium Rates for DPEM
Table 3: Brazil: Insurance requirements for space launch activities
Table 4: Minimum Credit Rating Requirement for Foreign Reinsurers
Table 5: Brazil – Rating Requirement for a Non-admitted Reinsurer
Table 6: Ratings Required For Registration Of Reinsurance Business
Table 7: Ratings Required For Registration Of Occasional Business
Table 8:Percentage Concentration of Reinsurance or Retrocession Business
Table 9: Reserve Requirement
Table 10: Brazil – Base Capital – Variable Component by Region
Table 11: Brazil – Base Capital of Capitalization Companies – Variable Component by Region - Group Life
Table 12: Brazil – Base Capital of Capitalization Companies – Variable Component by Region - Individual Life
Table 13: Risks Correlation Factor
Table 14: Brazil – Corporate Tax Rates for the Financial Year 2025
Table 15:Compensation Provided by the Insurer in the Event of an Accident
Table 16: Premium Rates for DPEM

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