In an interview with Apólice Magazine, our partner Pedro Bresciani commented on the effects of the Tax Reform on the insurance market, highlighting the sector’s transition to the non-cumulative system for IBS and CBS—a structural change that alters the way insurers, reinsurers, and brokers calculate and remit taxes.

“The commitment not to increase the tax burden applies from a macroeconomic perspective. There is no commitment to maintain the individual tax burden of each company, line of business, or product,” explains Pedro. According to him, the actual impact will depend on factors such as the volume of usable credits, the portfolio profile, and the ability to pass on costs, which underscores the importance of product-specific analyses prior to the gradual transition of tax rates, scheduled to begin in 2027.

Read here.