In July 2019, the Brazilian insurance regulator, SUSEP, issued an update on the embargoes and sanctions clauses of Brazilian insurance contracts which has caused a major stir among Brazilian insurers.
“The initial trigger and background to this story was a specific case involving the Cuban beneficiary of a travel insurance policy. Anyway, as a result of the ruling, that is applicable to all the insurance policies to be issued in Brazil, Brazilian insurers may be held widely responsible for sanctions violations.
Click here to read the full article.
COVID-19 is one of the most challenging events for humanity, its welfare and protection systems since we began writing history. The lack of paradigms and […]
Read moreLast week, the National Council of Private Social Security – CNPC published four Resolutions, among them the expected rule for the so-called Administrative Management Plan […]
Read moreTen years ago Supplementary Law no. 126/2007, the landmark of the Brazilian insurance market opening, was published. And despite all problems that obviously result from […]
Read more