Tag Archives : Brazil

FERMA proposes modifications to Brazilian reinsurance regulations in the interest of business and insurance buyers

The Federation of European Risk Management Associations (FERMA) has sent specific recommendations to the Brazilian insurance regulator SUSEP to limit the impact of regulations 225 and 232 on market capacity and security in the interest of business and insurance buyers. FERMA’s action follows an offer from SUSEP to open discussion with critics of the regulations which went into effect earlier this year. Continue reading

FERMA Response to SUSEP

FERMA Response to SUSEP Continue reading

Brazilian reinsurance regulations have improved but still need to be better

The International Federation of Risk and Insurance Management Associations (IFRIMA) welcomes the flexibility and understanding of the Brazilian government in responding to the world-wide concern about its new reinsurance regulations. At the same time, IFRIMA, which represents commercial insurance buyers from across the world, believes that more needs to be done to limit the negative impact on insurance capacity and cost. Continue reading

Brazil: A step in the right direction – more are needed

The Federation of European Risk Management Associations (FERMA) has welcomed as a good first step the response of the Brazilian government to complaints and concerns from
corporate insurance buyers and national and international reinsurance markets about restrictive executive orders rolling back liberalisation of the market. Continue reading

IFRIMA calls for reconsideration of Brazilian reinsurance market modifications

1) The new reinsurance beginning in Brazil
2) A partial return to the past without Parliament’s approval
Call to reconsider the resolutions Continue reading

FERMA calls for withdrawal of new Brazilian reinsurance regulations

The Federation of European Risk Management Associations (FERMA) has called on the Brazilian government to withdraw two new reinsurance regulations due to enter into force on 31 March 2011 because they threaten to reduce the capacity for coverage of large commercial risks and increase the cost of insurance. Continue reading