A Show of Confidence in Brazil’s Insurance Market

Renato Rodrigues also added that insurers in Brazil have a close relationship with their regulator, the Superintendência de Seguros Privados (SUSEP), which facilitates the understanding and approval of any digital changes in the market. Also, and this bit is noteworthy, SUSEP digitally monitors and controls all insurance transactions and activities. This intel is later made available to the industry and lends to a trustworthy and open market. This allows Brazilian insurance players to follow their competitors’ activities.

This is SUSEP.

Bottom Line: Brazil is an emerging insurance market growing at an annual pace of two-digits while only 18% of the population has any kind of insurance coverage . Hence ’emerging’.