China's Fosun group reportedly seeks to enter Brazil's insurance market, with a Pottencial purchase on the table.
The amount of new enterprises is on the rise. Companies with at least five employees will be eligible for the coverage.
Insurance watchdog SSRP has taken administrative control of two reinsurers this month.
Although a better economy encourages Brazilians to purchase more insurance products, insurers place a large amount of their reserves in government bonds, which see worse returns at lower interest rates.
The potential sale of the state run insurance firm may be part of a larger privatization initiative to combat a looming government deficit.
The overall amount of overdue pension contribution payments at the end of the year stood at 2.643tn pesos, which includes interest, surcharges and adjustments.
Legislators have proposed an initiative to uncover the reasons for low health-insurance penetration and expand government health care to private citizens.
Officials say the agreement will help streamline the disputed claims resolution process.