



WeplantoconstructasustainabilityroadmapfortheBrazilianinsurancesector
inlinewithBrazilianSustainabilityInsuranceRegulation(Circular666of2022), globalbestpracticespromotedbySustainableDevelopmentGoals(SDGs) adoptedbytheUnitedNationsandPrinciplesforSustainableInsuranceofUNEP FI,fosteringsynergiesbetweenthesustainability,natureprotectionand consumerrelationsagendasinthedevelopmentofproductsadaptedto consumers’needs.


APR 2024
PRESENTATION.


GlobalSustainable InsuranceSummit

Objectives


Promoteajust transitiontoa low-carbonAND SUSTAINABLEeconomy

Promoteasociety moreresilientto climatechange
1.2.3.

Promoteinclusion andfight inequalities


Objective1 Promoteajusttransitiontoalowcarbonandsustainableeconomy
1. 1
1.2
SustainableProducts/Insurance–
SustainableInsuranceTaxonomy
CarbonCreditInsurance

1.Promoteajusttransitiontoalowcarbonandsustainableeconomy
1.1SUSTAINABLEPRODUCTS/INSURANCE–SUSTAINABLE
INSURANCETAXONOMY

Developaframeworkthatmakesitpossibletoidentifycharacteristicsandclassifyinsuranceproducts,servicesand assistanceofferedinanobjectiveandclearmannerbyinsurancecompanies,contributingtoBrazil’ssustainable developmentandajusttransition.
Objective
ProposeaframeworkandregulationsthatarealignedwithBrazil’ssocialandenvironmentaltaxonomyandtheexpectations oftheBrazilianPrivateInsuranceRegulatoryAgency(SUSEP),providingabenchmarkforthemarket,helpingitadaptand creatingsustainableproductsandservicesadaptedtoconsumers’needs.
Actions/Stages
Strengthenrelationshipwiththeregulatortoaddressthetopic
PartnershipwithUNEP-FIfordevelopmentofsustainabilitybestpracticesguidelinesandframework

LiteracytrainingandawarenessraisingforCNsegmembersandrepresentativesofmembersonthesubject,withour counterpartsinothercountriesthathavealreadymadeprogressinthearea,throughagreementswithFasecoldaand othersassociations/entities
Engagementwithstakeholdersthatcanalsohelpwiththisagenda
1.Promoteajusttransitiontoalowcarbonandsustainableeconomy
1.2CARBONCREDITINSURANCE

Encourageandpromotethecreationandadaptationofinsuranceproductsandservicestoprotectcarboncreditsin Brazil.Alsofosteringthecreationofproductsthatpromotesprotectionofforests,natureandbiodiversity.
Makeinsuranceakeyandgovernanceelementforthedevelopmentofvoluntaryandregulatedcarbonmarketsinthe country.
Objective
Reinforceinsurancesector’sroleasoneofthekeydriversfortheprotectionofourforests, natureandbiodiversity.
Actions/Stages
Discussionswithgovernmentandstakeholderstoraiseawarenessoftheimportanceoftransferrisksinstrumentssuch asinsuranceincarbonmarket
Engagementofinsurersandreinsurers

ThisisaprojectshallbepresentedatCOP30.



2.Promoteasocietymoreresilienttoclimatechange
2.1ICLEIPARTNERSHIP:“INSURANCEMECHANISMFORURBANINFRASTRUCTURE”

Constructinsuranceprogramstosupportpeopleaffectedbyclimatedisastersand(re)build resilienturbaninfrastructure.
Objective
Expandinsurance’sroleinurbanplanningandcontributetotheclimateresilienceofpilot projectcities.
Actions/Stages
Gainunderstandingregardingneedsassessments/vulnerabilitystudies
ParticipateinICLEI'sdiscussionswithgovernmentsandholdregionalmeetingstoraise awareness
Engagementofinsurerandreinsurers

2.Promoteasocietymoreresilienttoclimatechange
2.2CLIMATEDATAHUB

BuildarepositorycontaininginformationrelatedtoclimateeventsanddataandimpactsontheoperationsofCNsegmembersand federations,that(i)promotescross-referencewithstatisticaldatafromSUSEPandpossiblyotherstakeholders,and(ii)produces reportssettingoutquantitativeandqualitativedataonclimateeventsandrisksinBrazil,inlinewithCircular666of2022,which requiresmappingandsurveyingtheimpactsofclimaterisks,andwithTCFD(TaskForceonClimate-RelatedFinancial Disclosures)framework.Thisprojectwillpromotetheriskawarenessrelatedtoclimatechangeandclimateextremeevents.
Objective
MakeCNseganationalleaderintermsoftheprovisionofdata,statisticsandotherinformationrelatedtoclimateinBrazil.
ThisisaprojectshallbepresentedatCOP29andCOP30.
Actions/Stages
AlignmentwithBrazilianInsurersregardingtheproject

MappingwithBrazilianInsurerandotherstakeholdersondataandinformation(sources)thatcouldhelpthesectorwith thesubject
QuarterlymappingofinformationrelevanttosustainabilityriskmanagementasestablishedbyBrazilianInsurance sustainableregulation.
Promoteacademicstudiestounderstandtheimpactsofclimaterisksontheinsurancesector


3.Promoteinclusionandfightinequalities
3.1DISASTERSOCIALINSURANCE

DisastersocialinsuranceisainsuranceprogramproposedbyCNsegtogovernments(federal,stateandmunicipal),that providesprotectionandfinancialsupporttoBrazilianswhoexperiencenaturaldisasterscausedbyheavyrainandflooding, strengtheningtheriskmitigationagendainlightoftheclimateemergency,whilefosteringanadaptationagendaand helpingcitiesandmunicipalitiestobuildtheirresilienceagainsttheclimatechange.
Promotingdisastersocialinsurancewithaimedatboostingsocialjusticeandtacklinginequalitiescausedbyclimate change.
Objective
Enableconsumerstoaccesstoaffordableandinclusiveinsuranceproductthatpromotessocialandfinancialinclusion, andalsofinancialresilienceandprotectiondueextremeclimateevents
Actions/Stages

PromotingtheProgramtogovernmentandcongress
Engagementofothernon-governmentalstakeholders
ConversationswithInsuranceAssociationsofFIDESandothercountriestounderstandsimilarprogramsintheregion








