Housing insurance revenue hits record high in Brazil

Housing insurance revenue in Brazil grew from R$ 4.5 billion in 2020 to R$ 8 billion in 2025. This growth followed the expansion of the Minha Casa, Minha Vida (MCMV) program, which increased the number of real estate credit operations from 365,044 to 662,556 during the same period.

The National Confederation of Insurers (CNseg) reported that the housing insurance sector reached a new level starting in 2021.

The industry maintains double-digit growth rates because of low interest rates and high demand for housing after the pandemic. While the rate of growth moderated in 2024 and 2025, the total collection reached a new peak of R$ 8 billion in 2025. These insurance policies are mandatory for real estate financing to protect the property and the buyer. They cover events like the death or permanent disability of the borrower, as well as property damage from fire, lightning, and explosions.

The insurance also ensures the bank that the borrower can continue making payments even if the property depreciates over a loan period that can last up to 35 years. In the first half of 2025, the MCMV program saw 473,279 new operations, contributing to R$ 4.3 billion in insurance revenue. Insurers are also trying to provide more value by offering everyday assistance, such as locksmith services and small home repairs, to build relationships with customers.

CNseg expects insurance revenue to rise by 11.6% this year and another 11% in 2027.