César Neves, director of prudential supervision and reinsurance at the Brazilian Superintendence of Private Insurance (SUSEP), presented the findings and proposals of its catastrophe insurance working group at an Insurance Development Forum roundtable in Hong Kong. The discussion focused on partnerships between the public and private sectors to reduce insurance protection gaps arising from extreme weather.
The group’s final report, published in September, finds that insurance covers only about 9% of economic losses caused by disasters in Brazil. It sets out 30 proposals to strengthen financial resilience and protection for the population over the short, medium and long term. SUSEP established the consultative group in September 2025 to recommend regulatory and legal improvements to catastrophe insurance, with flood coverage among the priorities of its regulation plan for that year.