New Report Available: Brazil Insurance Report Q4 2015

From: Fast Market Research, Inc.
Published: Sun Aug 30 2015

With the possible exception of some health insurers, most of the players in Brazil ' s dynamic and innovative insurance sector can look forward to real growth in premiums, and/or higher profits, over the course of 2015. The growth is being driven by higher prices, which are disguised by inflation, and demand for insurance from first-time users. Over the medium term, first-time users and product innovation should underpin the development of the non-life segment, while the va rious life insurance offerings should continue to develop as important conduits for organised savings in Brazil. Currency movements will suppress the development of premiums in USD terms in 2015 and the earlier years of the forecast period, but boost growth later on.

Brazil's well-publicised macroeconomic problems and weak currency mask the fact that the country remains home to one of the world's faster growing markets for insurance. In 2015, the likely softness in the BRL will cause sharp falls in premiums written in both the life and the non-life segment in USD terms. However, the latest data from BB Seguridade, one of the leading players in most broad areas, indicated that both the life and the non-life segments grew in Q115 relative to the previous corresponding period. Particular sub-sectors have been expanding very quickly. Private pensions contributions in Q115 were 42% higher than they had been in Q114. Mortgage life insurance premiums were up 23%. Motor and property premiums were up 7%. Even allowing for consumer price inflation of 7-8% over the last year or so, most of the sector is growing in real terms. Exceptions include rural insurance premiums, which were down by 14%, and contributions to Capitalizacao savings bonds, which were down 2% in Q115. We are also looking for softness in health insurance premiums.

Full Report Details at

The Brazil Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Brazil Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Brazilian insurance industry.

Key Benefits

* Benchmark BMI's independent insurance industry forecasts for Brazil to test other views - a key input for successful budgeting and strategic business planning in Brazil's insurance market.
* Target business opportunities and risks in Brazil

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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