Despite the significant shifts in the industry, there is a lack of empirical evidence on how specific variables, such as the degree of digitalization, influence the chain of value of the insurance market. [...] The analysis is divided into subsectors of the industry: the total market, the property branch, the life branch, and the auto branch. [...] In 2020, SUSEP also established regulations to implement the principle of proportionality in the insurance sector through the following publications: CNSP Resolution 288/2020 regarding segmentation, CNSP Resolution 389/2020 concerning the application of the principle of proportionality in prudential regulation, and SUSEP Circular 615/2020 specifying the regulatory aspects applied to the segments d. [...] JOINT STATEMENT: COORDINATED ACTION FOR THE IMPLEMENTATION OF A REGULATORY SANDBOX IN THE BRAZILIAN FINANCIAL, INSURANCE, AND CAPITAL MARKETS 06/12/2019 The Special Secretariat of Finance of the Ministry of Economy, the Central Bank of 23 Brazil, the Securities and Exchange Commission, and the Superintendence of Private Insurance hereby announce their intention to implement a regulatory sandbox mo. [...] It is expected that if the level of technology is sufficient to impact the value chain, the higher the degree of digitization, the lower the risk (ratio between claims and premiums) and the higher the sales (premium issuance).
Authors
- Pages
- 59
- Published in
- Brazil
