The insurance industry in Brazil: a long-term view

Abstract

This paper surveys the formation and development of insurance business in Brazil. It describes its very first steps, from the colonial times and imperial era to recent events. Particular attention is given to regulatory changes, showing how they evolved in response to macroeconomic shocks that affected the Brazilian economy during this period.Insurance, Brazil, Regulation. JEL Code: G22, G38, L50, N46.