Life Insurance in Brazil - Market Summary, Competitive Analysis and Forecast to 2025

Life Insurance in Brazil industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
The Brazilian life insurance market had total gross written premiums of $32.2bn in 2020, representing a compound annual growth rate (CAGR) of 3.8% between 2016 and 2020.
The Life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $19.3bn, equivalent to 60.1% of the market's overall value.
Looking forward, the Brazilian life insurance market could benefit from government plans to improve employment prospects in the country in a bid to reboot the economy and contribute to sustainable economic growth in the aftermath of the pandemic.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Brazil
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Brazil
Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Brazil life insurance market with five year forecasts

Reasons to Buy

What was the size of the Brazil life insurance market by value in 2020?
What will be the size of the Brazil life insurance market in 2025?
What factors are affecting the strength of competition in the Brazil life insurance market?
How has the market performed over the last five years?
What are the main segments that make up Brazil's life insurance market?

Frequently Asked Questions about the Brazilian Life Insurance Market

What is the estimated value of the Brazilian Life Insurance Market?

The Brazilian Life Insurance Market was estimated to be valued at $32.18 Billion in 2020.

What is the growth rate of the Brazilian Life Insurance Market?

The growth rate of the Brazilian Life Insurance Market is 4.7%, with an estimated value of $40.5 Billion by 2025.

What is the forecasted size of the Brazilian Life Insurance Market?

The Brazilian Life Insurance Market is estimated to be worth $40.5 Billion by 2025.

Who are the key companies in the Brazilian Life Insurance Market?

Key companies in the Brazilian Life Insurance Market include Allianz SE, Banco Bradesco SA, Mapfre SA and Itau Unibanco Holding SA.

Report Attribute	Details
No. of Pages	46
Published	October 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 32.18 Billion
Forecasted Market Value ( USD ) by 2025	$ 40.5 Billion
Compound Annual Growth Rate	4.7%
Regions Covered	Brazil

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What are the strengths of leading players?
7.5. How has the COVID-19 outbreak impacted the market?

8 Company Profiles

8.1. Allianz SE
8.2. Banco Bradesco SA
8.3. Mapfre SA
8.4. Itau Unibanco Holding SA

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Author

List of Tables

Table 1: Brazil life insurance market value: $ billion, 2016-20
Table 2: Brazil life insurance market category segmentation: $ billion, 2020
Table 3: Brazil life insurance market geography segmentation: $ billion, 2020
Table 4: Brazil life insurance market value forecast: $ billion, 2020-25
Table 5: Brazil life insurance market share: % share, by value, 2020
Table 6: Allianz SE: key facts
Table 7: Allianz SE: Annual Financial Ratios
Table 8: Allianz SE: Key Employees
Table 9: Allianz SE: Key Employees Continued
Table 10: Banco Bradesco SA: key facts
Table 11: Banco Bradesco SA: Annual Financial Ratios
Table 12: Banco Bradesco SA: Key Employees
Table 13: Mapfre SA: key facts
Table 14: Mapfre SA: Annual Financial Ratios
Table 15: Mapfre SA: Key Employees
Table 16: Mapfre SA: Key Employees Continued
Table 17: Itau Unibanco Holding SA: key facts
Table 18: Itau Unibanco Holding SA: Annual Financial Ratios
Table 19: Itau Unibanco Holding SA: Key Employees
Table 20: Itau Unibanco Holding SA: Key Employees Continued
Table 21: Brazil size of population (million), 2016-20
Table 22: Brazil gdp (constant 2005 prices, $ billion), 2016-20
Table 23: Brazil gdp (current prices, $ billion), 2016-20
Table 24: Brazil inflation, 2016-20
Table 25: Brazil consumer price index (absolute), 2016-20
Table 26: Brazil exchange rate, 2016-20

List of Figures

Figure 1: Brazil life insurance market value: $ billion, 2016-20
Figure 2: Brazil life insurance market category segmentation: % share, by value, 2020
Figure 3: Brazil life insurance market geography segmentation: % share, by value, 2020
Figure 4: Brazil life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in Brazil, 2020
Figure 6: Drivers of buyer power in the life insurance market in Brazil, 2020
Figure 7: Drivers of supplier power in the life insurance market in Brazil, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Brazil, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Brazil, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in Brazil, 2020
Figure 11: Brazil life insurance market share: % share, by value, 2020