The Brazilian Superintendence of Private Insurance (SUSEP) published its Monthly Synthesis report with supervised insurance sector data through November 2024, showing BRL 33.06 billion in revenues for November and BRL 394.16 billion year-to-date, up 12.3% compared with the same period in 2023. The report shows BRL 19.4 billion returned to society in November via claims, redemptions, benefits and prize draws, taking the cumulative total to BRL 221.04 billion. Damage and personal insurance (excluding VGBL) generated BRL 188.55 billion in the first eleven months of 2024 (up 10.61%), including BRL 5.94 billion for “other property insurance” (up 19%). VGBL contributions reached BRL 12.49 billion in November and BRL 162.75 billion from January to November (up 16.3%), while capitalisation products collected BRL 28.66 billion over the same period (up 4.8%).
Brazilian Superintendence of Private Insurance (SUSEP) 2025-01-15
Brazilian Superintendence of Private Insurance releases Monthly Synthesis showing 2024 revenues up 12.3% through November
The Brazilian Superintendence of Private Insurance (SUSEP) released its Monthly Synthesis report, showing BRL 33.06 billion in insurance sector revenues for November 2024 and BRL 394.16 billion year-to-date, a 12.3% increase from 2023. The report notes BRL 19.4 billion returned to society in November through claims and benefits, with cumulative returns of BRL 221.04 billion. VGBL contributions rose 16.3% to BRL 162.75 billion from January to November, while capitalisation products increased 4.8% to BRL 28.66 billion.