PicPay Wins Bacen Approval for Kovr, Adding Underwriting to 10M Policies
PicPay Kovr acquisition wins Bacen's final approval, moving Brazil's fintech giant from distribution into underwriting across its policy base.
Region
LATAM
Brazil’s CNSP Folds 13 Broker Rules Into Resolution 493, 494 Same Day
CNSP Resolution 493 merges 13 Brazilian insurance-broker rules into one framework, giving brokerages a 180-day compliance window before it bites.
SUSEP Unveils Cybersecurity Manual for Insurers Amid $944B Global Gap
SUSEP's cybersecurity manual for Brazil's insurers rests on brand-new mutualist governance rules and a $944 billion global cyber-risk protection gap.
Sompo Outbids Generali, AXA and Mapfre for Brazil’s Fator Seguradora
Sompo's Fator Seguradora acquisition beat out Generali, AXA and Mapfre, lifting its Brazil corporate insurance market share to fourth place.
CNSF Data Shows Mexico VAT Reform Already Denting Insurer Profits
Mexico VAT reform pressure is now realized: CNSF's Q1 2026 data show sector net profit down 10.5% and medical-expense profit collapsing 63.5%.
Dominican Republic Secures the Caribbean’s First Sovereign Parametric Cover
Parametric insurance reaches household level in the Caribbean as the Dominican Republic hard-wires automatic climate payouts into Supérate, its national conditional cash-transfer programme.
IRB Brasil Closes 43-Year UK Run-Off via Part VII Transfer to Carrick Group
IRB Brasil closes UK run-off with a Part VII transfer sanctioned 16 June 2026, ending a London casualty book in run-off since 1983 —…
Mexico Deploys Sensor-Based Parametric Earthquake & Volcanic Cover with Liberty Mutual Re
Mexico parametric earthquake insurance: Liberty Mutual Re and Safehub deploy MXN 5bn sensor-based cover with PSA polygon triggers and dual volcanic mechanism inside Mexico's…
Mexico Doubles Parametric Catastrophe Insurance to ~$575M at 2026 Renewal
Mexico doubles sovereign parametric catastrophe insurance to ~$575M at the 2026 renewal, building a $1.17B multi-layer parametric stack post-FONDEN.
Chilean Pension Funds Allocate $79M to Catastrophe Bonds as LATAM’s ILS Market Deepens
Chilean AFPs have allocated $79M to catastrophe bonds — the first ILS investment by LATAM pension capital — flipping Chile from sovereign protection-buyer to…