On November 8, the Superintendence of Private Insurance (SUSEP) published Public Consultation Notice nº 17/2022/SUSEP, which invites all interested parties to send comments and suggestions within 15 calendar days to the draft Circular in respect of: (i) the preferential offer of risks to local reinsurers (ii) evidence of insufficient supply of capacity by local and foreign reinsurers for purposes of risk transfer with reinsurers not authorized to operate in the country (iii) contracting insurance abroad.
On October 18, CNSP Resolution nº. 450 of 2022, was published. This had been edited by the National Council of Private Insurance (CNSP) (‘Resolution’), containing amendments to CNSP Resolutions no. 415/2021, no. 429/2021 and no. 393/2020. Circular SUSEP no. 681 of 2022 (‘Circular’), which amends some provisions of Circular SUSEP no. 635 of 2021.
On 10/14/2022, CNSP Resolution No. 445, of October 10, 2022 (Resolution) was published and provides for the institution of ombudsman by insurance companies, open supplementary pension entities and capitalization companies.