The Brazilian Superintendence of Private Insurance participated in a high-level meeting with the Ministry of Development, Industry, Trade and Services to discuss the role of surety bond insurance in supporting infrastructure development, with a focus on strengthening the instrument and the use of a step-in clause to help ensure continuity in public works. Discussions centred on three areas: reinforcing surety bond insurance as a tool for large-scale projects; the step-in clause as a governance mechanism to sustain project delivery; and incentives for the infrastructure segment aimed at expanding insurance market participation and reducing risks in long-term works and contracts. The meeting also covered regulatory aspects and the need to improve the institutional environment so insurance can keep pace with evolving infrastructure models. The talks preceded SUSEP’s event “Surety Bond Insurance, Infrastructure and Step-in Clause”, scheduled for 24 November in São Paulo, which will bring together public authorities, insurance market participants, financial institutions and the productive sector. The programme includes participation from the ministry’s chief of staff, Pedro Henrique Giocondo Guerra, and Rafael Ramos Codeço, who will discuss BIN technology as a tool for contractual control of construction works and surety bond insurance.

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