Brazil rental guarantee insurance revenue quadruples since 2019, driven by rent growth

Brazilian rental guarantee insurance revenue reached R$2 billion in 2025, up from R$510 million in 2019, and continued to grow 30.6% YoY in H1 2026. Indemnities rose 31.1% to R$380.3 million, reflecting higher rents and increased demand. This signals a structural shift in the rental market, with implications for insurers and housing affordability.