Brazil Microinsurance Premiums Rise 10% to R$41.6B, Protection Gap Persists

Brazilian personal insurance premiums grew 10% year-on-year to R$41.6 billion in H1 2026, with claims up 7.9%, according to FenaPrevi/Susep data. Despite growth, the protection gap remains large, with only 27.9% of vehicles insured, indicating significant underinsurance. This signals rising financial inclusion but also highlights persistent vulnerability to economic shocks.