Solvência das seguradoras: um estudo sobre os efeitos da COVID-19

Abstract

This study analyzed the impact of the COVID-19 pandemic on the solvency ratios of Brazilian insurers between 2019 and 2023. The methodology adopted consisted of a descriptive and comparative study using indicators of liquidity, solvency, loss ratio, combined ratio, and return on equity (ROE) of the insurers studied. The study compared the pre-pandemic, pandemic, and final phases of the pandemic. The results indicate that most insurers demonstrated financial resilience, maintaining or improving their liquidity and solvency ratios. However, the pandemic had heterogeneous impacts on loss ratio and operational efficiency, with some companies experiencing significant increases in claims and imbalances in the combined ratio. Profitability (ROE) was the most affected indicator, although a gradual recovery was observed in the final phase of the pandemic. In summary, it is concluded that, despite the sector's predominant resilience, specific weaknesses are observed that highlight vulnerability in crisis scenarios. The study highlights the importance of risk management and prudential supervision for the sustainability of the sector and economic security in contexts of uncertainty.