The Brazilian Superintendence of Private Insurance (SUSEP) took part in the “Insurance and Ecological Transformation: Towards COP-30” seminar in São Paulo, with Superintendent Alessandro Octaviani and directors Júlia Lins, Jessica Bastos and Carlos Queiroz contributing to panels on how insurance and pensions can support Brazil’s ecological transition and climate resilience. The programme covered insurance as a risk mitigant in the Ecological Transformation Plan, development of a green taxonomy for the insurance and pensions market, expanding access to insurance and coverage for extreme climate events such as flooding, and the role of catastrophe insurance in resilience and adaptation. Participants also examined the insurance and pensions sector as an investor in the transition agenda, including new investment instruments under Law No. 15.042, related regulatory and supervisory challenges, and opportunities linked to strengthening the carbon market and the green economy; a dedicated session focused on oversight challenges tied to Article 56 of Law 15.042. In closing remarks, Octaviani argued for a long-term ecological transformation strategy that includes the insurance market and for closer linkage between civil defence, private insurance and public financing to contain the consequences of potential climate catastrophes.

Original source View in tracker