Leaders and officials from the Brazilian insurance industry, including insurers, reinsurers and the regulator – the Brazilian Superintendence of Private Insurance (SUSEP) – convened in Sao Paulo to discuss how Brazil can harness the full potential of its insurance market for sustainable development. The Insurance 2030 Brazil Roundtable, co-hosted by the Brazilian Insurance Confederation (CNseg) and the UNEP FI Principles for Sustainable Insurance (PSI) Initiative, was a strategic discussion on how key stakeholders can develop pathways for action, scale and impact through to 2030 – the horizon of the UN Sustainable Development Goals that will be adopted by governments this month.
This Insurance 2030 vision is particularly important since Brazil is the largest insurance market in Latin America, with about half of the premium volume in the region. The UN Framework Convention on Climate Change Executive Secretary Christiana Figueres delivered a message at the Roundtable, emphasising the central role of the collaboration of actors, including insurers, in extending the boundaries of insurability towards the transition to a low-carbon and climate-resilient economy.
Watch UNFCCC Executive Secretary’s message.