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
