Table of Contents
The Brazilian insurance sector is estimated to be worth US$ 253 billion in assets and nearly US$ 37 billion in premiums, the equivalent to 4.7% of GDP in 2015. The market is composed of two main player categories: independent insurance groups and large banking conglomerates, the latter showing higher claims index but lower sales index. Car insurance was the predominant modality in the early 2000 but VGBL has gained relevance and currently represents over 40% of premiums. Although the reinsurance market is still quite young in Brazil, it has been showing signs of growth and large potential for the years to come.
This report briefly analysis the subject market in Brazil, its main products and services, main players’ performance and Brazilian insurance segments, as well as an overview of reinsurance.
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