Microinsurance in Brazil: Opportunities for market development
Microinsurance in Brazil: Opportunities for market development
4 December, 2010 •Cenfri was commissioned by the Brazilian National School for Insurance (Funenseg) and the insurance industry association (CNSeg) to do a study to assess the current and potential microinsurance market in Brazil, the drivers of market development and the opportunities and challenges for microinsurance expansion.
The study was based on the Access-to-insurance (A2ii) diagnostic methodology which has been applied in more than 20 countries in the emerging world.
This study served as input to the microinsurance consultative commission– a joint process between the regulator, other government departments and private sector to work towards a microinsurance regulatory framework. It will also provide inputs on regulatory and industry strategy going forward, including recommendations to SUSEP, the insurance supervisor, on the nature of a possible microinsurance regulatory framework. The preliminary results of the analysis were presented at a stakeholder workshop in Rio de Janeiro on 2 December 2009.
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