Brazil Insurance Report Q3 2013
$ 1 088
- May 2013
- by Business Monitor International
- 93
Includes 3 FREE quarterly updates
As of early 2013, the major trends that make Brazil one of the most exciting and dynamic insurance markets
globally remain intact. Thanks to the steady fall in interest rates, the general improvement of perceived
macro-economic risks and commercial initiatives by the insurance companies themselves, premiums are
growing rapidly: this is at a time that leading players in both the non-life and the life segments are achieving
high levels of profitability. Over the medium-term the only constraint on growth will be insurers' ability to
raise capital to support their businesses.
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. The banks have the imagination to recognise the opportunities
that are available from 'open architecture' - the distribution of products that are sourced from unrelated
suppliers. However, we also stress the various players are taking active and positive steps to develop their
own brands, to invest in platforms and systems, to improve underwriting and profitability and to introduce
new products.
BMI Industry View 7
Table: Total Premiums, 2010-2017 8
SWOT 9
Insurance 9
Political 11
Economic 12
Business Environment 14
Industry Forecast 15
Life 15
Table: Life Premiums 2010-2017 16
Non Life 16
Table: Non Life Premiums, 2010-2017 20
Industry Risk Reward Ratings 21
Latin America Insurance Risk/Reward Ratings 21
Table: Latin America Risk/Reward Ratings 21
Brazil Insurance Risk/Reward Ratings 22
Table: Brazil's Insurance Risk/Reward Ratings 22
Market Overview 24
Life Sector Update 24
Non Life Sector Update 26
Industry Trends And Developments 29
Life Growth Drivers And Risk Management Projections 29
Population 29
Table: Insurance Key Drivers, Demographics 2010-2017 29
Non Life Growth Drivers And Risk Management Projections 30
Macroeconomic Outlook 30
Table: Brazil - Economic Activity, 2009-2016 34
Political Stability Outlook 34
Table: Latin America Security Ratings 36
Healthcare 36
Epidemiology 38
Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017 41
Autos 42
Table: Insurance Key Sector Drivers - Autos Sales, 2010-2017 43
Competitive Landscape 44
Company Profile 49
Allianz 49
BNP Paribas Cardif 52
Bradesco Seguros 55
Grupo Segurador Banco do Brasil e MAPFRE 58
Itaú Seguros 62
Porto Seguro 65
QBE Insurance Group 68
RSA 72
SulAmérica 75
Zurich Santander Insurance America 78
Regional Overview 82
Latin America Life Sector Overview 82
Table: Latin America Life Premiums, 2010-2017 (US$mn) 82
Latin America Non Life Sector Overview 84
Table: Latin America Non-Life Premiums, 2010-2117 (US$mn) 84
Demographic Forecast 86
Table: Brazil's Population By Age Group, 1990-2020 ('000) 87
Table: Brazil's Population By Age Group, 1990-2020 (% of total) 88
Table: Brazil's Key Population Ratios, 1990-2020 89
Table: Brazil's Rural And Urban Population, 1990-2020 89
Methodology 90
Insurance Risk/Reward Ratings 91
Table: Insurance Risk/Reward Ratings Indicators And Rationale 92
Weighting 93
Table: Weighting Of Indicators 93
Insurance in Brazil
- $ 250
- Industry data
- February 2013
Yearly, From 2011 To 2012
By Business Monitor International
Source: BMI
- Industries : Insurance
- Countries : Brazil
- $ 250
- Industry data
- February 2013
Yearly, From 2011 To 2012
By Business Monitor International
Source: BMI
- Industries : Insurance
- Countries : Brazil
- $ 250
- Industry data
- February 2013
Yearly, From 2011 To 2012
By Business Monitor International
Source: BMI
- Industries : Insurance
- Countries : Brazil