Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 158

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 158
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 Seguridade, HDI and Tokio, which account for a combined total of approximately 35.8% of all premiums generated in the market, as reported by SUSEP/ANS in 2024.
  
93 – Form 20-F 2024 | Bradesco
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We believe that the penetration of our service network, present in all municipalities in Brazil, gives Grupo Bradesco Seguros a significant competitive edge over most insurance companies, thereby promoting cost savings and marketing synergies.
 Regarding the healthcare sector, although most insurance activities are carried out by companies with nationwide operations, there is also competition from companies that operate locally or regionally.
 
4.B.60.09 Pension plans sector
 The Brazilian government’s monetary stabilization policies stimulated the pension plan sector and attracted new international players.
 Bradesco Vida e Previdência’s main competitive advantages are our brand, our extensive branch network, our strategy and our record of being in the forefront of product innovation.
 Our main competitors are BrasilPrev, Itaú Seguridade, Caixa Seguridade, Zurich/Santander, Icatu and XP Previdência.
 
4.B.60.10 Capitalization bonds sector
 Our competitive strengths in this sector include our offering of low-cost products with a higher number of prize drawings, security, financial stability, and brand recognition.
 Our main competitors are BrasilCap, Santander, Cia. Itaú de Capitalização, Icatu, Kovr and Caixa Seguridade, which together represent approximately 62.2% of the total capitalization revenue generated in the market, according to information provided by SUSEP in 2024.
 
4.B.70 Regulation and Supervision
 The basic institutional framework of the Brazilian Financial System was established in 1964 by Law No. 4,595/64, known as the “Banking Reform Law”. The Banking Reform Law dealt with monetary, banking and credit policies and institutions, and created the CMN.
 
4.B.70.01 Principal regulatory agencies
 
4.B.70.01-01 CMN
 The CMN is responsible for overall supervision of monetary, credit, budgetary, fiscal and public debt policies. The CMN has the following functions:
 
·   regulating loans and advances granted by Brazilian financial institutions;
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·   regulating Brazilian currency issue;
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·   supervising Brazil’s reserves of gold and foreign exchange;
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·   determining savings, foreign exchange and investment policies in Brazil;