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Brazil Insurance Report Q1 2013 - Product Image

Brazil Insurance Report Q1 2013

  • Published: November 2012
  • Region: Brazil
  • 79 pages
  • Business Monitor International


  • BG do Brasil
  • Company Monitor
  • Galp Energia – Summary
  • OGX Brazil
  • Petróleo Brasileiro
  • Sonangol – Summary
  • MORE

Key Insights And Key Risks

The Brazil Insurance Report considers the prospects for life and non-life insurers in the country. As of late 2012, the latest data from Brazil’s leading insurance companies, in relation to calendar 2011 and H112, confirms our view that the country is home to one of the world’s most dynamic and rapidly growing insurance sectors. Overall premiums are growing at double-digit rates because: a) the openness of the market to entry by major multinationals, b) the growth in the numbers of households that can afford to buy insurance (and/or to save for the long-term) and c) the continuing downwards trend in inflation,
interest rates and risk premiums attached to investment.

To a greater extent than their counterparts in other large emerging markets, the Brazilian majors are ready to undertake (very) large scale corporate deals. Bank distribution accounts for about 40% of all insurance sales in the country and, as such, is often a key to success: this explains the strategic partnerships between Zurich and Santander and between MAPFRE and Banco do Brasil, as well as the long-standing commercial links between Porto Seguro and Itaú Unibanco. READ MORE >

Executive Summary 5
Table: Total Premiums, 2010-2017 5

Key Insights And Key Risks 5

SWOT Analysis 7

Brazil Insurance Industry SWOT 7

Brazil Political SWOT 8

Brazil Economic SWOT 9

Brazil Business Environment SWOT 10

Life Sector Overview 11

Latin America Life Sector Overview 11
Table: Latin America Life Premiums, 2010-2017 (US$mn) 11

Brazil Life Sector Update 12

Life Industry Forecast Scenario 15
Table: Life Premiums 2010-2017 15

Growth Drivers And Risk Management Projections 16

Population 16
Table: Insurance Key Drivers, Demographics, 2010-2017 16

Non-Life Sector Overview 18

Latin America Non-Life Sector Overview 18
Table: Latin America Non-Life Premiums, 2010-2117 (US$mn) 18

Brazil Non-Life Sector Update 19

Non-Life Industry Forecast Scenario 21
Table: Non-Life Premiums, 2010-2017 21

Growth Drivers And Risk Management Projections 22

Macroeconomic Outlook 22
Table: Brazil’s Macroeconomic Data And Forecasts, 2010-2017 25

Political Stability Outlook 26
Table: Latin America Security Ratings 28

Healthcare 28

Epidemiology 30
Table: Insurance Key Drivers, Disability-Adjusted Life Years, 2010-2017 32

Motor 33

Insurance Risk/Reward Ratings 35
Table: Brazil’s Insurance Risk/Reward Ratings 35
Table: Latin America Insurance Risk/Reward Ratings 36

Competitive Landscape 37

Latin America Competitive Landscape 37

Major Players In Brazil’s Insurance Industry 39

Company Profiles 41

Allianz 41

BNP Paribas Cardif 44

Bradesco Seguros 47

Grupo Segurador Banco do Brasil e MAPFRE 49

Caixa Seguros 52

Itaú Seguros 54

MetLife 56

Porto Seguro 59

QBE Insurance Group 61

RSA 64

SulAmérica 66

Zurich Santander Insurance America 68

Country Snapshot 71
Table: Population By Age Group, 1990-2020 (‘000) 72
Table: Population By Age Group, 1990-2020 (% of total) 73
Table: Key Population Ratios, 1990-2020 74
Table: Rural/Urban Population Split, 1990-2020 74

BMI Methodology 75

Insurance Risk/Reward Ratings 76
Table: Insurance Business Environment Indicators And Rationale 77
Table: Weighting Of Indicators 78

Company Monitor
Petróleo Brasileiro
Shell Brasil
Repsol Brasil
Esso Brasileira de Petróleo
Chevron Brasil
Ultrapar Participações (Grupo Ultra)
BG do Brasil
BP Brasil
Statoil do Brasil
OGX Brazil
Galp Energia – Summary
Eni – Summary
Mitsui – Summary
Maersk Oil – Summary
Total – Summary
Cosan – Summary
Vale do Rio Doce – Summary
Anadarko Petroleum – Summary
Partex – Summary
Sonangol – Summary
Service Companies – Summary
Others – Summary

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