Swiss Re Brazil and Brasilprev join forces to offer private pension with life insurance coverage through an agile and accurate risk acceptance

Both Swiss Re and Brasilprev have a strong commitment to reducing the mortality protection gap, that is why they partnered to bring together Swiss Re's knowledge as a tech-enabled risk company and the private pension entity's goal of providing more solutions of interest to clients.
USD 13.6 billion in life insurance premium opportunity: that is how large the mortality protection gap in Brazil is. This collaboration aims to foster life insurance and private pension cultures among consumers, to close that protection gap in the Brazilian society. Swiss Re collaborated with the product design, made our automated underwriting tool Magnum Go available to Brasilprev and is backing it up by offering reinsurance capacity. Through Magnum Go, the client is now able to sell life insurance in a more agile and customer friendly way.

"We see an important opportunity to bring reinsurance solutions that can help closing the mortality protection gap in Brazil. This means that the country has life insurance protection available and not used: only 53% of death risk is covered by insurance market, as shown in a report from Swiss Re Institute. Private pension and life insurance are two important solutions to alleviate that risk, and we are happy to have worked in collaboration with Brasilprev, in order to reduce the effects of that risk", concludes Fred Knapp, Head Reinsurance Brazil & Southern Cone, Swiss Re.