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Non-Life Insurance in Brazil, Key Trends and Opportunities to 2015
BRICdata, Dec 2011, Pages: 220
The report provides top-level market analysis, information and insights relating to the Brazilian non-life insurance industry, including:
- The Brazilian non-life insurance industry’s growth prospects by product category and customer segment
- The various distribution channels in the Brazilian non-life insurance industry
- The competitive landscape in the non-life insurance industry in Brazil
- A description of the non-life reinsurance market in Brazil
Brazil is the world’s 17th largest insurance market and the largest in the Latin American region. The insurance industry in the country has expanded significantly over the last decade, driven by strong macroeconomic and microeconomic fundamentals, rising consumer awareness of insurance products, a partial relaxation of regulatory restrictions, and liberalization of the industry to allow foreign competition. The Brazilian non-life insurance market experienced healthy growth driven by a robust economy, expansion of broker channels and growing motor, property and construction markets. Brazil’s non-life insurance industry still faces challenges relating to low efficiency and barriers to competition. Another key challenge for the industry is the ongoing European debt crisis and fears of a double dip recession in the US, which will adversely impact Brazil’s GDP growth.
This report provides a comprehensive analysis of the non-life insurance market in Brazil:
- It provides historical values for Brazil’s non-life insurance industry for the report’s 2006–2010 review period and forecast figures for the 2011–2015 forecast period
- It offers a detailed analysis of the key sub-segments in Brazil’s non-life insurance industry, along with market forecasts until 2015
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
- It analyses the various distribution channels for non-life insurance products in Brazil
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Brazil for the non-life insurance business
- It provides a detailed analysis of the reinsurance market in Brazil and its growth prospects
- It profiles the top life insurance companies in Brazil, and outlines the key regulations affecting them
Reasons To Buy
- Make strategic business decisions using top-level historic and forecast market data related to the Brazilian non-life insurance industry and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Brazilian non-life insurance industry
- Assess the competitive dynamics in the non-life insurance industry, along with the reinsurance segment
- Identify the growth opportunities and industry dynamics within key product categories
- Gain insights into key regulations governing the Brazilian insurance industry and its impact on companies and the industry's future
Key Highlights
- The Brazilian non-life insurance market experienced healthy growth driven by a robust economy, expansion of broker channels and growing motor, property and construction markets
- The non-life insurance market in Brazil is highly concentrated with the top ten companies comprising 66.7 percent share of the total retained premiums in 2010
- The market contains non-life insurance companies controlled by banks as well as independent private insurance companies
- The regulatory environment is expected to become more restrictive in the light of new regulatory proposals by SUSEP. In its efforts to implement a risk-based supervisory regime, in line with international standards and practices, SUSEP recently announced stricter regulations for risk management covering all non-life insurance markets.
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