Insurance Cooperatives and Mutual Societies in Brazil: Major Changes with New Law

The Complementary Law No. 213/2025, which legalizes the operations of mutual societies and regulates the operations of insurance cooperatives, was enacted January 15, 2025. This legislative milestone creates opportunities in Brazil for new players, reinsurers, and (re)insurance brokers, fostering innovation and growth within the industry.

Find below a summary with the main impacts of the Complementary Law:

 

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