The Brazilian Superintendence of Private Insurance (SUSEP) convened a meeting with market participants to discuss the implications of the enactment of Complementary Law No. 213/2025, which regulates insurance cooperatives and mutual property protection groups. The new framework brings these entities into the National Private Insurance System and expands SUSEP’s supervisory perimeter. The law is positioned as enabling new distribution models, broader access to insurance, and more modern regulatory practices aligned with international standards. SUSEP superintendent Alessandro Octaviani highlighted the role of continued dialogue between market participants and regulators in supporting legal certainty and trust in the sector. SUSEP flagged near-term priorities including secondary regulation for Complementary Law No. 213/2025 and the legal framework for insurance contracts, as well as initiatives covering private pensions and civil liability insurance in transport. Its 2025 Regulatory Plan envisages implementing the provisions of the new complementary law.
Brazilian Superintendence of Private Insurance (SUSEP) 2025-01-17
Brazilian Superintendence of Private Insurance prioritises implementing new framework for insurance cooperatives and mutual property protection groups in 2025
The Brazilian Superintendence of Private Insurance (SUSEP) discussed Complementary Law No. 213/2025, integrating insurance cooperatives and mutual property protection groups into the National Private Insurance System, expanding SUSEP's supervisory scope. The law aims to enable new distribution models and align regulatory practices with international standards. SUSEP's near-term priorities include secondary regulation for the law, a legal framework for insurance contracts, and initiatives on private pensions and civil liability insurance in transport.