The Brazilian Superintendence of Private Insurance (SUSEP) participated in ABDIB’s Diálogos da Infraestrutura event on the new surety insurance model with a step-in clause, with Superintendent Alessandro Octaviani arguing that clear regulation of the clause is essential to making surety insurance effective in public works. He linked regulatory clarity to greater contract predictability and project continuity, with knock-on effects for infrastructure delivery efficiency. Discussions at the event covered how step-in should operate in public works contracting, the evolving role of surety insurance under Brazil’s public procurement framework, impacts on bid guarantee issuance, underwriting criteria, risk monitoring, and step-in execution. The programme also included implementation case studies and practical guidance on obtaining capacity from insurers, with participants including CNseg, the State Government of Mato Grosso, insurers, and other infrastructure ecosystem stakeholders.
Brazilian Superintendence of Private Insurance (SUSEP) 2025-08-14
Brazilian Superintendence of Private Insurance highlights need for clear rules on step-in clauses in public works surety insurance
The Brazilian Superintendence of Private Insurance (SUSEP) discussed the new surety insurance model with a step-in clause at ABDIB’s Diálogos da Infraestrutura event. Superintendent Alessandro Octaviani emphasized the need for clear regulation to enhance contract predictability and project continuity in public works. The event also addressed surety insurance's role in Brazil’s public procurement, bid guarantee issuance, and risk monitoring.