The Brazilian Superintendence of Private Insurance (SUSEP) participated in the second virtual meeting of the BRICS Reinsurance Task Force, where finance ministries, central banks, regulators, export credit agencies and the BRICS Business Council discussed cooperation proposals to strengthen member countries’ reinsurance markets and work on a 2026 agenda. Discussion focused on how to deepen technical and institutional integration in reinsurance, including shared challenges around catastrophic and emerging risks. Participants also debated creating a permanent integration platform to exchange experience and develop common proposals and models, dubbed the “BRICS Risk Laboratory”, which would be voluntary and open to countries outside the group. The session also reviewed outcomes from a 13 November meeting of BRICS credit guarantee agencies, which highlighted potential benefits of a common platform such as stronger collective underwriting capacity, improved risk diversification, the possibility of settlement in local currency, knowledge sharing and more harmonised standards. The BRICS Risk Laboratory proposal was put to the incoming Indian BRICS presidency, which begins next year. The Task Force was established under July BRICS declarations to continue work through the end of Brazil’s BRICS presidency in 2025, following preparatory work including an April seminar and a first Task Force meeting in September.

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