The Brazilian Superintendence of Private Insurance (SUSEP), represented by Superintendent Alessandro Octaviani, took part in the MAPFRE Innovation Summit and used the forum to underline the insurance market’s above-GDP growth in 2024 while arguing that Brazil still has significant scope to expand insurance coverage. Octaviani framed insurance as a source of “contractual infrastructure” and called for expanding the country’s insured base. He pointed to SUSEP’s innovation initiatives, including the regulatory sandbox, the SRO and Open Insurance, and linked technological innovation to the regulator’s aim of fostering a National Policy for Access to Insurance. He also highlighted surety bond insurance as an essential tool to support contract performance in infrastructure projects and argued for incorporating new technologies to innovate the product. A recording of the event is available on YouTube.
Brazilian Superintendence of Private Insurance (SUSEP) 2025-02-25
Brazilian Superintendence of Private Insurance highlights technology innovation agenda and surety bond insurance at MAPFRE Innovation Summit
SUSEP's Superintendent Alessandro Octaviani highlighted the insurance market's growth at the MAPFRE Innovation Summit, emphasizing Brazil's potential for expanded coverage. He discussed SUSEP's innovation initiatives, such as the regulatory sandbox and Open Insurance, and advocated for a National Policy for Access to Insurance. Octaviani also underscored the importance of surety bond insurance in infrastructure projects and the role of technology in product innovation.