Brazil Guarantee Insurance Premiums Surge 21% in H1, 2026 Growth Revised Up

Brazil's guarantee insurance market grew 21.12% in H1 2026, reaching R$ 3.71 billion in premiums, far exceeding the 12% full-year projection from CNseg. The surge is attributed to election-year concentration of public works and concession contracts in the first half, with full-year premiums expected near R$ 7 billion. This signals robust infrastructure activity and fiscal spending, though sustainability into 2027 remains uncertain.