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BUILDING A MORE RESILIENT

AND PROTECTED SOCIETY

Brazil is experiencing an increasing frequency culture. As a result, families, businesses and
of extreme climate-related events, such as communities remain more exposed to risks and
droughts, heatwaves, floods and windstorms. less prepared to recover their assets and resume
Although each region faces different levels of activities following adverse events.
exposure, the impacts tend to be more severe in
vulnerable areas, intensifying material losses The Protection Gap and Low Risk Perception in a
and socio-economic challenges. Climate-Vulnerable Country
The 2025 Climate Events and Insurance Radar in
In this context, insurance extends beyond Brazil, published by the National Confederation
its traditional role of providing financial of Insurers (CNseg), reveals significant regional
compensation and takes on a strategic position inequalities in coverage for climate-related
in strengthening economic and social resilience. It losses. Whilst the South, Southeast and Central-
supports individuals, organisations and regions in West regions recorded protection levels of
prevention, response and recovery in the face of approximately 16%, 11% and 6% respectively, the
extreme events. North and Northeast regions did not exceed 2%.

Despite being among the largest insurance Between 2022 and 2024, 67 significant climate
markets in Latin America, Brazil still faces a events were recorded, resulting in estimated losses
significant protection gap and a weak insurance of BRL 184 billion. In the first half of 2025 alone, a

Bradesco Expresso Campaign Source: More Protection and More Inclusion.
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