Brazilian Superintendence of Private Insurance moves mutual protection rulemaking to final discussion stage and confirms administrator authorisations have not begun

In a programme hosted by the National Federation of Insurance Brokers (Fenacor), the Brazilian Superintendence of Private Insurance (SUSEP) outlined progress on registering mutual property protection associations and set out the remaining steps to regulate the sector under Complementary Law 213/2025. SUSEP Director Jéssica Bastos said a dedicated working group has been created to draft the new framework, with input gathered from multiple market participants, and that the material is in the final stage of discussion before being presented to SUSEP’s board. She also clarified that the authorisation phase for administrators of mutual protection operations has not yet started, meaning no administrators are currently regulated, and indicated this would be the next phase of the process.