The Brazilian Superintendence of Private Insurance participated in the International Actuarial Association (IAA) JoCo São Paulo 2025 colloquium, where its Coordinator-General for Prudential Monitoring, Roberto Suarez Seabra, spoke on how Brazil is aligning insurance regulation with international frameworks while adapting them to domestic market conditions. In a 20 May panel on international regulatory impacts in the global and Latin American financial sector, Seabra highlighted technical benchmarks including International Financial Reporting Standards, Solvency II and the International Association of Insurance Supervisors’ Insurance Core Principles (ICPs). He described Brazil’s implementation experience with Solvency II, the selective adoption of ICPs based on cost-benefit analysis, and SUSEP’s gradual incorporation of elements of IFRS 17 while preserving its own accounting structure (SUSEP GAAP). Seabra also pointed to the potential for technology and artificial intelligence to lower compliance costs and improve supervisory effectiveness, and emphasised dialogue with the market as a tool to support more effective and proportionate regulation.

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