Report Published: "Brazil Insurance Report Q2 2014"

From: Fast Market Research, Inc.
Published: Thu Feb 20 2014

As of late 2013, the major trends that make Brazil one of the most exciting and dynamic insurance markets globally remain intact. Thanks to 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.

BMI's new insurance report format provides forecasts of the life and non-life markets, including gross and net premiums, reinsurance premiums and assets. Moreover, it provides forecasts for key growth drivers such as vehicle fleet size, demographic factors and private health expenditure. The report also contains a comprehensive breakdown of the non-life insurance market, providing forecasts for motor and transport insurance, property, personal accident, health, general liability and credit insurance. Finally, the new report offers a detailed breakdown of the life and non-life competitive landscapes, covering the top companies present in each segment by premiums and market share.

Full Report Details at

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 (now the listed BB Seguridade Participações SA), 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.

Collectively, the composite insurance groups which dominate Brazil's insurance sector were upbeat about how their operations performed in 2013.

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