Brazil's Superintendence of Private Insurance (SUSEP) participated in a Fundação Getúlio Vargas seminar on the insurance market in the context of Brazil’s new Carbon and Climate Change Law, with Superintendent Alessandro Octaviani discussing how Law No. 15,042/2024 and the Brazilian Emissions Trading System (SBCE) could support the expansion of the carbon market, including through insurance-sector investments envisaged in the law. In remarks delivered in the event’s opening and in a panel on carbon credits and opportunities for the insurance sector, Octaviani linked insurance to the ecological transition through the sector’s longstanding use of climate-related data, risk-prevention technologies and data storage. He described the SBCE as requiring the Brazilian state to organise the new carbon market in a rational way and identified SUSEP’s core regulatory challenge as building a robust stakeholder-listening process to interpret and operationalise the law, emphasising that effective regulation will depend on broad consensus and dialogue across market participants.

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