The 2022-2025 term represents a period of great opportunities for the National Federation of General Insurance – FenSeg. We are taking firm steps towards growing and modernizing the Damages and Liabilities segment, overcoming the uncertainties of the economic scenario. Today, we are on a double-digit rate of expansion, having significantly advanced in several insurance groups and lines.
Over the next three years, our main challenge is to consolidate the advances brought about by the new regulatory framework for the Damages and Liabilities segment. Since 2019, Susep and the CNSP (National Council of Private Insurance) have published Circulars and Resolutions covering several insurance groups: Property, Mass, Large Risks, Civil Liability, Auto and Agri, among others. These regulations foster the creation of new products without a standardized format, which means a clear gain in efficiency.
In January, Susep approved the Regulation Plan for 2022, which consolidates and updates regulations on Agri, Transportation and Home insurance. FenSeg aims to strengthen the performance of companies in this more flexible regulatory environment. It is a redesign for the sector which brings more clarity to product purchase and reinforces transparency with regard to consumers.