AIDA, International Insurance Law ociation, was founded on April 28, 1960, in Luxembourg and is present in 73 countries. It is a non-profit academic entity dedicated to the study of insurance law, bringing together professionals linked to the area. The Brazil section of AIDA was created on December 5, 1960.
Analyzes are organized based on national work groups, which are dedicated to studying the different branches of insurance and insurance law. There is also the collaboration of professionals from other areas, such as actuaries, commercial and risk management.
The president of AIDA, Brazil section, lawyer Juliano Rodrigues Ferrer, said that the organization operates with a comprehensive view of market situations. He recalled that this characteristic could be observed during the 15th Brazilian Congress on Insurance and Pension Law, held at the end of March in Foz do Iguaçu, Paraná, when various topics were addressed, such as guarantee insurance and supplementary health insurance.
The ociation recently signed a technical collaboration partnership with the Getulio Vargas Foundation. Rural insurance was the starting point of this cooperation. According to Ferrer, this is a relevant issue, as agriculture is an open-air industry in the country, which represents practically 27% of the GDP. “This industry operates at the mercy of weather phenomena. To face this type of situation, the producer can take out insurance for these crops. In the event of an accident and the consequent drop in productivity, he will receive compensation, he will be able to plant in the next harvest and he will not leave his activity “, he highlighted.
Regarding the General Data Protection Law, the president of AIDA, Brazil section, highlighted that the insurance industry quickly adapts to legislative changes and this was no different with the LGPD. “ Before the rule came into force, the insurance market had already been studying the subject, and the adaptation was smooth. I am concerned about insurance brokers, as I observe a certain delay in adapting to the norm. Brokers have not yet paid attention to the need for proper processing of people’s data. It is necessary legislation that protects the citizen, ”he concluded.