Brazil's Suhai Insurer Expands Into Residential Market

Suhai Seguradora, ranked among Brazil's ten largest auto insurers, announced plans to launch residential insurance products. The move is part of a diversification strategy aimed at doubling the company's revenue within three years.

CEO Fernando Soares said the goal is to broaden the portfolio and protect a larger share of Brazilian households, noting that about 83 % of homes currently lack insurance coverage. Suhai reported first‑half revenue exceeding R$1 billion and a 53 % client‑base growth over three years, holding roughly 3 % of the auto‑insurance market in 2025 according to the São Paulo brokers' union (Sincor‑SP).