The Brazilian Superintendence of Private Insurance (SUSEP), represented by Director of Prudential and Reinsurance Supervision Carlos Queiroz, took part in the “Seminário Marco Legal dos Seguros – Impactos e Reflexões” in Rio de Janeiro, organised by the School of Magistracy of the State of Rio de Janeiro (EMERJ). He presented SUSEP’s view that Law No. 15.040/2024 modernises the legal regime governing insurance contracts and emphasised the role of the judiciary in ensuring the new framework’s effectiveness once it enters into force in December 2025. Queiroz participated in a panel on the purposes, issues and challenges of the new law, including its interaction with Brazil’s Economic Freedom Law, intertemporal law questions and “decodification”. He highlighted themes reinforced by the new legislation, including greater contractual transparency, legal certainty and policyholder protection, alongside regulatory efficiency and safeguarding the public interest. He also framed insurance as a social and economic instrument of collective protection and as a component of Brazil’s National Financial System, noting the sector’s role as a significant investor and financer of public debt and of private, infrastructure and private debt projects. The seminar also covered reinsurance, claims regulation and settlement, arbitration in insurance contracts and other current insurance law topics, with the full event available via EMERJ’s YouTube channel.

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