📋 Tender Overview
On the eve of COP 30, the National Private Insurance Council (CNSP) approved the , which establishes a set of environmental, social and climate guidelines to be adopted when underwriting rural insurance. This is another pillar of the Ecological Transformation Plan, reinforcing the leading role of the insurance industry in promoting a more balanced, resilient economic development model with a relevant environmental impact.
Inspired by advances already consolidated in the rural credit segment, the new guideline, which was adapted to the specificities of the insurance market and designed for gradual implementation, creates a regulatory framework that increases efficiency, strengthens governance and improves the underwriting of rural insurance risks. Ligia Ennes Jesi, who coordinates Novo Brasils actions within the scope of the Secretariat for Economic Reforms (SRE), of the Ministry of Finance, highlights that the central objective of the measure is to ensure that insured operations do not contribute to negative environmental, social or climate impacts, encouraging producers to incorporate good practices and more sustainable technologies into their production cycle.
The regulations were constructed in a participatory manner, the result of broad dialogue with society during a public consultation held in May 2025, in addition to technical discussions within the bodies participating in the CNSP.
In order to ensure that the contracting of rural insurance respects established social, environmental and climate guidelines, insurers are prohibited from, for example, contracting with a person registered in the register of employers who have subjected workers to conditions similar to slavery, popularly known as the slave labor dirty list.
The contracting of rural insurance for rural assets or activities on rural property that is not actively and regularly registered in the Rural Environmental Registry - CAR, an essential registration for controlling, monitoring and combating deforestation, will also not be permitted.
Likewise, rural assets or activities cannot be insured if located in a property wholly or partially located in:
i. conservation unit of exclusively public domain and with land regularization process completed;
ii. indigenous reservation;
iii. lands occupied and titled by remaining quilombo communities;
iv. Public forest Type B, not intended, registered in the National Registry of Public Forests of the Brazilian Forest Service.
There are also impediments to the conclusion of an insurance contract for rural goods or activities in a property where there is, at the time of contracting, an embargo registered in the Registry of Environmental Assessments and Embargos of the Brazilian Institute of the Environment and Renewable Natural Resources (Ibama), or in an equivalent system maintained by the environmental agencies of each state, resulting from the economic use of illegally deforested areas.
Furthermore, the Resolution establishes exemption from compliance with certain criteria when they are already observed in rural credit operations supervised by the Central Bank of Brazil. Mariana Arozo, responsible for insurance regulation at SRE, comments that the regulation was designed to provide rationality to the inspection process and mitigate the costs of compliance for the segment, ensuring a balance between support for sustainable development and the effective ability of insurers to comply with the rules.
The new milestone represents a relevant contribution from the insurance sector in its commitment to supporting the low carbon agenda, generating efficiency and productivity for the real economy without compromising the need for environmental preservation.
