Brazilian Institute of Insurance Law
Research - São Paulo, State of São Paulo, Brazil
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Brazilian Institute of Insurance Law Details
The Brazilian Institute of Insurance Law - IBDS was founded in 2000 with the objective of developing and improving Insurance Law, disseminating it in technical and academic means. Brazil is the largest insurance market in Latin America, but its reflection about insurance law leaves much to be desired. The breakdown of the state reinsurance monopoly was imminent in the 1990s. Once consummated, there would be a dismantling of structures created under the impulse of the Social Development State, which protects policyholders and beneficiaries. Besides, new agents in the international market would place different practices and cultures in Brazilian insurance, without a normative body capable of avoiding conflicts and deviations, in the context of insurance contracts, as well as of reinsurance and retrocession. IBDS has sought since its foundation to organise and promote reflection. Through academic projects, editorials, seminars and congresses named "Insurance Law Forum José Sollero Filho" the Institute aims to prevent the development of an Insurance Law which would end up being harmful to the interests of Brazil, its citizens and companies. Finally, the IBDS prepared and defended, until a recent victory in the Chamber of Deputies, the first draft of the Insurance Contract Law of Brazilian history (PL 3.555/2004 and PLC 29/2017). For IBDS, insurance is one of the main instruments capable of leading to a free, fair and supportive society.
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