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    Brazil Passes Risk-Based Capital Requirements

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    Brazil has passed a series of resolutions aimed at strengthening insurers’ capital requirements. Brazil’s insurance supervisor SUSEP said it drew up the resolutions which were approved by the National Council of Private Insurance (CNSP). The resolutions set out a risk-based framework in line with international best practice for supervision. They establish criteria for determining capital risk and operational risk and will impact insurers, reinsurers, securities and pension funds. There is also a change to the calculation of minimum capital requirements, which will now be the highest of base capital and risk capital. The full text of the resolutions, including implementation dates, was not available at the time of writing.

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