The forecast for the share of life insurance and annuity entitlements within households and NPISHs as part of total assets in Brazil indicates marginal growth. In 2024 and 2025, the share is expected to remain at 8.77%, followed by slight increases to 8.78% in 2026 and 2027, and reaching 8.79% in 2028. This represents a negligible year-on-year growth of approximately 0.1% from 2026 onwards. Based on the current data, we must note the stable but modest CAGR over the forecasted five-year period.
Future trends to watch for:
- Any changes in economic policy affecting insurance uptake.
- Potential impacts of demographic shifts on life insurance demand.
- Emerging financial products that could influence asset allocation.
