Minas Gerais

Score: 82/100

Sudeste · Belo HorizontePop: 21.411.923Area: 586.522 km²Climate: TropicalBiome: Cerrado, Mata Atlântica, Caatinga

Premiums

R$ 4.2B

Claims

R$ 3.1B

Loss Ratio

75.0%

Policies

1.200.000

Avg Claim

R$ 68K

Premiums and claims figures exclude Health (Saúde) and Pension Funds (Previdência/VGBL/PGBL). Data covers P&C, Life, Agro, and RD Equipamentos branches only.

Peril Risk Profile

floodCRITICAL

droughtHIGH

wildfireHIGH

landslideCRITICAL

stormHIGH

hailMEDIUM

frostMEDIUM

CoastalLOW

Climate Trends (2000-2025)

Exceedance Probability (EP) Curve — Minas Gerais

Underwriting Summary

Risk ClassificationRED

Rate Adjustment vs National Avg+49%

DeductibleIncrease standard deductible by 50-100% for NatCat perils

Accumulation Warning

Zona da Mata / RMBH — landslide accumulation

Reinsurance Recommendation

Recommend Cat XL or facultative placement for exposures > BRL 10M

Climate Trend

Temperature trend: +1.0°C since 2000. Monitor climate trends for medium-term pricing.

Historical NatCat Events

☀️ Drought6/2021

Worst drought in 91 years affects hydropower and agriculture

Insured: R$ 3.8B

⛰️ Landslide1/2019

Brumadinho dam collapse (tailings dam failure)

Insured: R$ 8.5BDeaths: 270

🌊 Flood12/2015

Mariana dam disaster - Samarco tailings dam

Insured: R$ 5.2BDeaths: 19

🌊 Flood1/2012

Widespread flooding across Minas Gerais