Brazil | Life and Non-Life Insurance or Reinsurance Market Analysis, Size, Share, Growth, Trends And Forecast 2018

The report provides in depth market analysis, information and insights into the Brazilian life or non-life insurance segment, including:

• The Brazilian life or non-life insurance segment’s growth prospects by life or non-life insurance categories
• Key trends and drivers for the life or non-life insurance segment
• The various distribution channels in the Brazilian life or non-life insurance segment
• The detailed competitive landscape in the life or non-life insurance segment in Brazil
• Detailed regulatory policies of the Brazilian insurance industry
• A description of the life or non-life reinsurance segment in Brazil

Reasons to buy

• Make strategic business decisions using in depth historic and forecast market data related to the Brazilian life or non-life insurance segment and each category within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Brazilian life or non-life insurance segment
• Assess the competitive dynamics in the life or non-life insurance segment, along with the reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories

Life Insurance in Brazil Key Trends and Opportunities to 2018 ( Download Here Full Report with TOC)

The Brazilian life segment is the largest in the industry, accounting for around 53% of its gross written premium in 2013. The segment grew at a CAGR of 20.6% during the review period, driven by economic development, a rise in disposable incomes and tax incentives. The gross written premium registered by the segment will continue to grow, primarily due to the segment’s low penetration rate of 2% in 2012 and aided by increasing confidence and family incomes. Growth over the forecast period will also be driven by the bancassurance channel, as Brazilian banks have extensive branch networks, and with banking being the first point of contact for those who are newly accessing financial services.

Key highlights

• The Brazilian life segment is the largest in the industry, accounting for around 53% of its gross written premium in 2013.
• The country’s middle class, which is a main driver of consumption, will continue to expand during the forecast period.
• A large section of Brazilians are not aware of the benefits of taking life cover, or the measures necessary for preventing their wealth from being subjected to capital protection.
• Life segment growth is partly driven by the attractive tax incentives provided by the government through open pension products.

Non-Life Insurance in Brazil Key Trends and Opportunities to 2018 ( Download Here Full Report with TOC)

The non-life segment is the second-largest in the industry, accounting for 31.8% of its gross written premium in 2013. The segment’s outlook is bright due to a steady increase in public and private sector investments as a result of a growing middle class, surplus natural resources and investments for the 2014 Fifa World Cup and 2016 Olympic Games. The low non-life insurance penetration rate of 1.1% in 2012 also makes Brazil an attractive market.

Key highlights

• The non-life segment is the second largest in the Brazilian insurance industry, accounting for 31.8% of its gross written premium in 2013.
• Motor insurance accounted for over half of the gross written premium registered by the non-life segment in 2013.
• The rising culture of entrepreneurship, the increasing prominence of small businesses and the growing global requirements of established businesses are also driving demand for non-life products.
  

Reinsurance in Brazil Key Trends and Opportunities to 2018 - Veiw Full Report

Brazil’s reinsurance segment is the largest in Latin America. As of 2014, 106 reinsurers operated in the segment. It is mandatory for insurers to cede at least 40% of reinsurance premium to local reinsurers; however, they cannot cede over 20% of their premium to foreign reinsurance affiliates. The country’s oil exploration activities are an important business driver for the reinsurance segment.

• Make strategic business decisions using in depth historic and forecast market data related to the Brazilian reinsurance segment and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Brazilian reinsurance segment

Key highlights

• Brazil’s reinsurance segment is the largest in Latin America.
• As of 2014, 106 reinsurers operated in the segment.
• In 2008, the country’s reinsurance segment was opened to domestic and foreign reinsurers, putting an end to the monopoly of the state-owned reinsurer, IRB Brasil Resseguros SA (IRB).