Non-Life Insurance in Brazil, Key Trends and Opportunities to 2016: New Loss Liability Provisioning Norms to Increase Reserves Requirement
Synopsis
The report provides top-level market analysis, information and insights into the Brazilian non-life insurance market, including:
The Brazilian non-life insurance market grew at a healthy rate during the review period (2007-2011). This was supported by the country's robust economic growth, macroeconomic stabilization and the increasing penetration of insurance products. Over the forecast period (2012–2016), market growth will be driven by the development of large-scale energy and infrastructure projects that will require innovative, customized non-life insurance products.
Scope
This report provides a comprehensive analysis of the non-life insurance market in Brazil:
The report provides top-level market analysis, information and insights into the Brazilian non-life insurance market, including:
- The Brazilian non-life insurance market’s growth prospects by non-life insurance categories
- The various distribution channels in the Brazilian non-life insurance market
- The competitive landscape in the non-life insurance market in Brazil
- A description of the non-life reinsurance market in Brazil
The Brazilian non-life insurance market grew at a healthy rate during the review period (2007-2011). This was supported by the country's robust economic growth, macroeconomic stabilization and the increasing penetration of insurance products. Over the forecast period (2012–2016), market growth will be driven by the development of large-scale energy and infrastructure projects that will require innovative, customized non-life insurance products.
Scope
This report provides a comprehensive analysis of the non-life insurance market in Brazil:
- It provides historical values for Brazil’s non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
- It offers a detailed analysis of the key sub-segments in Brazil’s non-life insurance market, along with market forecasts until 2016
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
- It analyses the various distribution channels for non-life insurance products in Brazil
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Brazil for the non-life insurance business
- It provides a detailed analysis of the reinsurance market in Brazil and its growth prospects
- It profiles the top life insurance companies in Brazil, and outlines the key regulations affecting them
- Make strategic business decisions using top-level historic and forecast market data related to the Brazilian non-life insurance market and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Brazilian non-life insurance market
- Assess the competitive dynamics in the non-life insurance market, along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing the Brazilian insurance market and its impact on companies and the market's future
- The Brazilian non-life insurance market experienced significant growth driven by a robust economy, increasing awareness and growing motor, property and construction markets
- Corporate broking companies are the dominant distribution channel in the non-life insurance market, accounting for 72.4% of the overall market value
- The non-life insurance market in Brazil is highly concentrated with the top ten companies accounting for 66.7% of the market value in 2010. Non-life insurance companies controlled by banks, such as Banco Bradesco SA and Itau Unibanco Holding SA, collectively accounted for a market share of 23.2%. Other leading companies include independent private insurance companies, such as Porto Seguro SA, Sul América Companhia De Seguros Gerais and Caixa Seguradora SA, and foreign companies, such as Mapfre Seguros, Allianz do Brazil and Liberty Seguros SA
- The regulatory environment for non-life insurance companies is expected to become more restrictive in the light of new regulatory proposals by the Superintendência de Seguros Privados (SUSEP). In an effort to implement a risk-based supervisory regime in line with international standards and practices, SUSEP recently announced stricter regulations for risk management covering the non-life insurance market
Contents
1 EXECUTIVE SUMMARY2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 BRAZILIAN INSURANCE INDUSTRY ATTRACTIVENESS
3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 NON-LIFE INSURANCE MARKET OUTLOOK
4.1 Non-Life Insurance Growth Prospects by Category
4.2 Property insurance category market size, 2007–2016
4.2.1 Fire and allied perils insurance sub-category market size, 2007–2016
4.2.2 Engineering insurance sub-category market size, 2007–2016
4.2.3 Agriculture insurance sub-category market size, 2007–2016
4.2.4 Other property sub-category market size, 2007–2016
4.3 Motor insurance category market size, 2007–2016
4.3.1 Motor hull sub-category market size, 2007–2016
4.3.2 Motor third party sub-category market size, 2007–2016
4.4 General third party category market size, 2007–2016
4.5 Marine, aviation and transit category market size, 2007–2016
4.5.1 Marine sub-category market size, 2007–2016
4.5.2 Aviation sub-category market size, 2007–2016
4.5.3 Transit sub-category market size, 2007–2016
5 ANALYSIS BY DISTRIBUTION CHANNELS
5.1 Direct marketing channel market size, 2007–2016
5.2 Bancassurance channel market size, 2007–2016
5.3 Agencies channel market size, 2007–2016
5.4 Other channel market size, 2007–2016
6 REGULATORY POLICIES
7 PORTER’S FIVE FORCES ANALYSIS – BRAZILIAN NON-LIFE INSURANCE MARKET
7.1 Bargaining Power of Supplier: medium to high
7.2 Bargaining Power of Buyer: medium to high
7.3 Barriers to Entry: medium to high
7.4 Intensity of Rivalry: high
7.5 Threat of Substitutes: low
8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES
8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance market size by type of insurance, 2007–2016
9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS
9.1 Overview
9.2 Leading Companies in the Brazilian Non-Life Insurance Market
9.3 Porto Seguro S.A – Company Overview
9.3.1 Porto Seguro S.A – key facts
9.3.2 Porto Seguro S.A – main products
9.3.3 Porto Seguro S.A – main competitors
9.3.4 Porto Seguro S.A – key employees
9.4 Itau Unibanco Holding SA – Company Overview
9.4.1 Itau Unibanco Holding SA – key facts
9.4.2 Itau Unibanco Holding SA – main products
9.4.3 Itau Unibanco Holding SA – main competitors
9.4.4 Itau Unibanco Holding SA – key employees
9.5 Bradesco Seguros S.A – Company Overview
9.5.1 Bradesco Seguros S.A – key facts
9.5.2 Bradesco Seguros S.A – main products
9.5.3 Bradesco Seguros S.A – main competitors
9.5.4 Bradesco Seguros S.A – key employees
9.6 Sul America SA – Company Overview
9.6.1 Sul America SA – key facts
9.6.2 Sul America SA – main products
9.6.3 Sul America SA – main competitors
9.6.4 Sul America SA – key employees
9.7 Mapfre Seguros – Company Overview
9.7.1 Mapfre Seguros – key facts
9.7.2 Mapfre Seguros – main products
9.7.3 Mapfre Seguros – main competitors
9.7.4 Mapfre Seguros – key employees
9.8 Tokio Marine Brasil Seguradora S.A – Company Overview
9.8.1 Tokio Marine Brasil Seguradora S.A – key facts
9.8.2 Tokio Marine Brasil Seguradora S.A – main products
9.8.3 Tokio Marine Brasil Seguradora S.A – main competitors
9.8.4 Tokio Marine Brasil Seguradora S.A – key employees
9.9 Caixa Seguradora SA – Company Overview
9.9.1 Caixa Seguradora SA – key facts
9.9.2 Caixa Seguradora SA – main products
9.9.3 Caixa Seguradora SA – main competitors
9.9.4 Caixa Seguradora SA – key employees
9.1 Allianz Seguros S.A. – Company Overview
9.10.1 Allianz Seguros S.A. – key facts
9.10.2 Allianz Seguros S.A. – main products
9.10.3 Allianz Seguros S.A. – main competitors
9.10.4 Allianz Seguros S.A. – key employees
10 BUSINESS ENVIRONMENT AND COUNTRY RISK
10.1 Business Confidence
10.1.1 Business confidence index
10.1.2 Market capitalization trend - Bovespa index, Brazil
10.1.3 FDI inflow by industry
10.1.4 Deployment of credit
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollars)
10.2.2 GDP per capita at constant prices (US dollars)
10.2.3 GDP at current prices (US dollars)
10.2.4 GDP per capita at current prices (US dollars)
10.2.5 GDP split by key sectors
10.2.6 Agriculture net output at current prices (Brazilian real)
10.2.7 Agriculture net output at current prices (US dollars)
10.2.8 Agriculture net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (Brazilian real)
10.2.10 Manufacturing net output at current prices (US dollars)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (Brazilian real)
10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
10.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP
10.2.15 Construction net output at current prices (Brazilian real)
10.2.16 Construction net output at current prices (US dollars)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Crude steel production
10.2.19 Crude oil consumption
10.2.20 Inflation rate
10.2.21 Fiscal balance as a percentage of GDP
10.2.22 Current account balance as a percentage of GDP
10.2.23 Exports as a percentage of GDP
10.2.24 Imports as a percentage of GDP
10.2.25 Exports growth
10.2.26 Imports growth
10.2.27 External debt as a percentage of GDP
10.2.28 Annual average exchange rate (US$–BRL)
10.2.29 End of period exchange rate (US$–BRL)
10.2.30 Debt service ratio
10.3 Infrastructure Quality and Availability
10.3.1 Total airports
10.3.2 Passenger vehicle production
10.3.3 Commercial vehicle production volume
10.3.4 Automotive components exports
10.3.5 Automotive components imports
10.3.6 Passenger vehicle exports
10.3.7 Commercial vehicle exports
10.3.8 Passenger car penetration
10.3.9 Motorcycle penetration
10.3.10 Total installed capacity for electricity generation
10.3.11 Installed capacity for the generation of conventional thermal electricity
10.3.12 Electricity production
10.3.13 Installed capacity for the generation of hydro-electricity
10.3.14 Installed capacity for renewable electricity generation
10.3.15 Electricity consumption
10.3.16 Electricity exports
10.3.17 Electricity imports
10.3.18 Healthcare expenditure
10.3.19 Healthcare expenditure as a percentage of GDP
10.3.20 Healthcare expenditure per capita
10.3.21 Total internet subscribers
10.3.22 Broadband internet subscribers
10.3.23 Personal computer penetration rate
10.3.24 Mobile phone penetration rate
10.3.25 R&D Expenditure as a percentage of GDP
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Annual consumer expenditure on food
10.5.4 Annual per capita consumer expenditure on food
10.5.5 Total population
10.5.6 Urban and rural population
10.5.7 Female percentage of population
10.5.8 Male percentage of population
10.5.9 Mean age of population
10.5.10 Median age of population
10.5.11 Population density
10.5.12 Age distribution of the total population
10.5.13 Age distribution of the male population
10.5.14 Age distribution of the female population
10.5.15 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism Index
10.6.3 Transparency index
11 APPENDIX
11.1 Methodology
11.2 Contact us
11.3 About Timetric
11.4 Disclaimer
LIST OF TABLES
Table 1: Insurance Industry Definitions
Table 2: Brazil Insurance Overall Written Premium by Segment (BRL Billion), 2007–2011
Table 3: Brazil Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Brazil Insurance Overall Written Premium by Segment (BRL Billion), 2011–2016
Table 5: Brazil Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Brazil Insurance Segmentation (%), 2007–2016
Table 7: Non-Life Insurance Written Premium by Category (BRL Billion), 2007–2011
Table 8: Non-Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Non-Life Insurance Written Premium by Category (BRL Billion), 2011–2016
Table 10: Non-Life Insurance Written Premium by (US$ Billion), 2011–2016
Table 11: Non-Life Insurance Market – Incurred Loss (BRL Billion), 2007–2011
Table 12: Non-Life Insurance Market – Incurred Loss (BRL Billion), 2011–2016
Table 13: Non-Life Insurance Market – Loss Ratio (%), 2007–2011
Table 14: Non-Life Insurance Market – Loss Ratio (%), 2011–2016
Table 15: Non-Life Insurance Market – Commissions and Expenses (BRL Billion), 2007–2011
Table 16: Non-Life Insurance Market – Commissions and Expenses (BRL Billion), 2011–2016
Table 17: Non-Life Insurance Market – Combined Ratio (%), 2007–2011
Table 18: Non-Life Insurance Market – Combined Ratio (%), 2011–2016
Table 19: Non-Life Insurance Market – Frauds and Crimes (BRL Billion), 2007–2011
Table 20: Non-Life Insurance Market – Frauds and Crimes (BRL Billion), 2011–2016
Table 21: Non-Life Insurance Market – Total Assets (BRL Billion), 2007–2011
Table 22: Non-Life Insurance Market – Total Assets (BRL Billion), 2011–2016
Table 23: Non-Life Insurance Market – Total Investment Income (BRL Billion), 2007–2011
Table 24: Non-Life Insurance Market – Total Investment Income (BRL Billion), 2011–2016
Table 25: Non-Life Insurance Market – Retentions (BRL Billion), 2007–2011
Table 26: Non-Life Insurance Market – Retentions (BRL Billion), 2011–2016
Table 27: Property Insurance Written Premium by Sub-Category (BRL Billion), 2007–2011
Table 28: Property Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 29: Property Insurance Written Premium by Sub-Category (BRL Billion), 2011–2016
Table 30: Property Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 31: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2007–2011
Table 32: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2011–2016
Table 33: Fire and Allied Perils Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Table 34: Fire and Allied Perils Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Table 35: Engineering Insurance Sub-Category by Volume (‘000), 2007–2011
Table 36: Engineering Insurance Sub-Category by Volume (‘000), 2011–2016
Table 37: Engineering Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Table 38: Engineering Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Table 39: Agriculture Insurance Sub-Category by Volume (‘000), 2007–2011
Table 40: Agriculture Insurance Sub-Category by Volume (‘000), 2011–2016
Table 41: Agriculture Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Table 42: Agriculture Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Table 43: Other Property Insurance Sub-Category by Volume (‘000), 2007–2011
Table 44: Other Property Insurance Sub-Category by Volume (‘000), 2011–2016
Table 45: Other Property Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Table 46: Other Property Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Table 47: Motor Insurance Written Premium by Sub-Category (BRL Billion), 2007–2011
Table 48: Motor Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 49: Motor Insurance Written Premium by Sub-Category (BRL Billion), 2011–2016
Table 50: Motor Insurance Written Premium by PSub-Category (US$ Billion), 2011–2016
Table 51: Motor Hull Insurance Sub-Category by Volume (‘000), 2007–2011
Table 52: Motor Hull Insurance Sub-Category by Volume (‘000), 2011–2016
Table 53: Motor Hull Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Table 54: Motor Hull Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Table 55: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2007–2011
Table 56: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2011–2016
Table 57: Motor Third-Party Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Table 58: Motor Third-Party Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Table 59: General Third-Party Insurance Category by Volume (‘000), 2007–2011
Table 60: General Third-Party Insurance Category by Volume (‘000), 2011–2016
Table 61: General Third-Party Insurance Category by Written Premium (BRL Billion), 2007–2011
Table 62: General Third-Party Insurance Category by Written Premium (BRL Billion), 2011–2016
Table 63: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (BRL Billion), 2007–2011
Table 64: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 65: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (BRL Billion), 2011–2016
Table 66: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 67: Marine Insurance Sub-Category by Volume (‘000), 2007–2011
Table 68: Marine Insurance Sub-Category by Volume (‘000), 2011–2016
Table 69: Marine Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Table 70: Marine Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Table 71: Aviation Insurance Sub-Category by Volume (‘000), 2007–2011
Table 72: Aviation Insurance Sub-Category by Volume (‘000), 2011–2016
Table 73: Aviation Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Table 74: Aviation Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Table 75: Transit Insurance Sub-Category by Volume (‘000), 2007–2011
Table 76: Transit Insurance Sub-Category by Volume (‘000), 2011–2016
Table 77: Transit Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Table 78: Transit Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Table 79: Non-Life Insurance Market – Direct Marketing Commission Paid (BRL Billion), 2007–2011
Table 80: Non-Life Insurance Market – Direct Marketing Commission Paid (BRL Billion), 2011–2016
Table 81: Non-Life Insurance Market – Written Premium Through Direct Marketing (BRL Billion), 2007–2011
Table 82: Non-Life Insurance Market – Written Premium Through Direct Marketing (BRL Billion), 2011–2016
Table 83: Non-Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2007–2011
Table 84: Non-Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2011–2016
Table 85: Non-Life Insurance Market – Number of Direct Marketing Distributors, 2007–2011
Table 86: Non-Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016
Table 87: Non-Life Insurance Market – Bancassurance Commission Paid (BRL Billion), 2007–2011
Table 88: Non-Life Insurance Market – Bancassurance Commission Paid (BRL Billion), 2011–2016
Table 89: Non-Life Insurance Market – Written Premium Through Bancassurance (BRL Billion), 2007–2011
Table 90: Non-Life Insurance Market – Written Premium Through Bancassurance (BRL Billion), 2011–2016
Table 91: Non-Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2007–2011
Table 92: Non-Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2011–2016
Table 93: Non-Life Insurance Market – Number of Bancassurance Distributors, 2007–2011
Table 94: Non-Life Insurance Market – Number of Bancassurance Distributors, 2011–2016
Table 95: Non-Life Insurance Market – Agencies Commission Paid (BRL Billion), 2007–2011
Table 96: Non-Life Insurance Market – Agencies Commission Paid (BRL Billion), 2011–2016
Table 97: Non-Life Insurance Market – Written Premium Through Agencies (BRL Billion), 2007–2011
Table 98: Non-Life Insurance Market – Written Premium Through Agencies (BRL Billion), 2011–2016
Table 99: Non-Life Insurance Market – Policies Sold Through Agencies (‘000), 2007–2011
Table 100: Non-Life Insurance Market – Policies Sold Through Agencies (‘000), 2011–2016
Table 101: Non-Life Insurance Market – Number of Agencies, 2007–2011
Table 102: Non-Life Insurance Market – Number of Agencies, 2011–2016
Table 103: Non-Life Insurance Market – Commission Paid to Other Channels (BRL Billion), 2007–2011
Table 104: Non-Life Insurance Market – Commission Paid to Other Channels (BRL Billion), 2011–2016
Table 105: Non-Life Insurance Market – Written Premium Through Other Channels (BRL Billion), 2007–2011
Table 106: Non-Life Insurance Market – Written Premium Through Other Channels (BRL Billion), 2011–2016
Table 107: Non-Life Insurance Market – Policies Sold Through Other Channels (‘000), 2007–2011
Table 108: Non-Life Insurance Market – Policies Sold Through Other Channels (‘000), 2011–2016
Table 109: Non-Life Insurance Market – Number of Distributors in Other Channels, 2007–2011
Table 110: Non-Life Insurance Market – Number of Distributors in Other Channels, 2011–2016
Table 111: Reinsurance Market in Brazil by Category (BRL Billion), 2007–2011
Table 112: Reinsurance Market in Brazil by Category (US$ Billion), 2007–2011
Table 113: Reinsurance Market in Brazil by Category (BRL Billion), 2011–2016
Table 114: Reinsurance Market in Brazil by Category (US$ Billion), 2011–2016
Table 115: Reinsurance Ceded by Type of Insurance (BRL Billion), 2007–2011
Table 116: Reinsurance Ceded by Type of Insurance (US$ Billion), 2007–2011
Table 117: Reinsurance Ceded by Type of Insurance (BRL Billion), 2011–2016
Table 118: Reinsurance Ceded by Type of Insurance (US$ Billion), 2011–2016
Table 119: Non-Life Insurance Market – Percentage of Reinsurance Ceded, 2007–2011
Table 120: Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016
Table 121: Non-Life Insurance Market Share (%), 2010
Table 122: Porto Seguro S.A, Key Facts
Table 123: Porto Seguro S.A, Main Products
Table 124: Porto Seguro S.A, Key Employees
Table 125: Itau Unibanco Holding SA, Key Facts
Table 126: Itau Unibanco Holding SA, Main Products
Table 127: Itau Unibanco Holding SA, Key Employees
Table 128: Bradesco Seguros S.A, Key Facts
Table 129: Bradesco Seguros S.A, Main Products
Table 130: Bradesco Seguros S.A, Key Employees
Table 131: Sul America SA, Key Facts
Table 132: Sul America SA, Main Products
Table 133: Sul America SA, Key Employees
Table 134: Mapfre Seguros, Key Facts
Table 135: Mapfre Seguros, Main Products
Table 136: Mapfre Seguros, Key Employees
Table 137: Tokio Marine Brasil Seguradora S.A, Key Facts
Table 138: Tokio Marine Brasil Seguradora S.A, Main Products
Table 139: Tokio Marine Brasil Seguradora S.A, Key Employees
Table 140: Caixa Seguradora SA, Key Facts
Table 141: Caixa Seguradora SA, Main Products
Table 142: Caixa Seguradora SA, Key Employees
Table 143: Allianz Seguros S.A., Key Facts
Table 144: Allianz Seguros S.A., Main Products
Table 145: Allianz Seguros S.A., Key Employees
LIST OF FIGURES
Figure 1: Brazil Insurance Overall Written Premium by Segment (BRL Billion), 2007–2016
Figure 2: Brazil Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Non-Life Insurance Written Premium by Category (BRL Billion), 2007–2016
Figure 4: Non-Life Insurance Written Premium by Category (% Share), 2010 and 2016
Figure 5: Non-Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: Non-Life Insurance Market – Incurred Loss (BRL Billion), 2007–2011
Figure 7: Non-Life Insurance Market – Incurred Loss (BRL Billion), 2011–2016
Figure 8: Non-Life Insurance Market – Loss Ratio (%), 2007–2011
Figure 9: Non-Life Insurance Market – Loss Ratio (%), 2011–2016
Figure 10: Non-Life Insurance Market – Commissions and Expenses (BRL Billion), 2007–2011
Figure 11: Non-Life Insurance Market – Commissions and Expenses (BRL Billion), 2011–2016
Figure 12: Non-Life Insurance Market – Combined Ratio (%), 2007–2011
Figure 13: Non-Life Insurance Market – Combined Ratio (%), 2011–2016
Figure 14: Non-Life Insurance Market – Frauds and Crimes (BRL Billion), 2007–2011
Figure 15: Non-Life Insurance Market – Frauds and Crimes (BRL Billion), 2011–2016
Figure 16: Non-Life Insurance Market – Total Assets (BRL Billion), 2007–2011
Figure 17: Non-Life Insurance Market – Total Assets (BRL Billion), 2011–2016
Figure 18: Non-Life Insurance Market – Total Investment Income (BRL Billion), 2007–2011
Figure 19: Non-Life Insurance Market – Total Investment Income (BRL Billion), 2011–2016
Figure 20: Non-Life Insurance Market – Retentions (BRL Billion), 2007–2011
Figure 21: Non-Life Insurance Market – Retentions (BRL Billion), 2011–2016
Figure 22: Non-Life Insurance Market – Investment Type (BRL Billion), 2007–2011
Figure 23: Non-Life Insurance Market – Investment Type, 2007 and 2011
Figure 24: Non-Life Insurance Market – Density and Penetration (%), 2007–2011
Figure 25: Non-Life Insurance Market – Number of Policies Sold (‘000), 2007–2011
Figure 26: Non-Life Insurance Market – Number of Policies Sold (’000), 2011–2016
Figure 27: Non-Life Insurance Market – Premium Per Capita (BRL), 2007–2011
Figure 28: Property Insurance Written Premium by Sub-Category (BRL Billion), 2007–2016
Figure 29: Property Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 30: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 31: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 32: Fire and Allied Perils Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Figure 33: Fire and Allied Perils Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Figure 34: Engineering Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 35: Engineering Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 36: Engineering Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Figure 37: Engineering Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Figure 38: Agriculture Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 39: Agriculture Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 40: Agriculture Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Figure 41: Agriculture Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Figure 42: Other Property Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 43: Other Property Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 44: Other Property Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Figure 45: Other Property Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Figure 46: Motor Insurance Written Premium by Sub-Category (BRL Billion), 2007–2016
Figure 47: Motor Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 48: Motor Hull Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 49: Motor Hull Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 50: Motor Hull Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Figure 51: Motor Hull Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Figure 52: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 53: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 54: Motor Third-Party Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Figure 55: Motor Third-Party Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Figure 56: General Third-Party Insurance Category by Volume (‘000), 2007–2011
Figure 57: General Third-Party Insurance Category by Volume (‘000), 2011–2016
Figure 58: General Third-Party Insurance Category by Written Premium (BRL Billion), 2007–2011
Figure 59: General Third-Party Insurance Category by Written Premium (BRL Billion), 2011–2016
Figure 60: Marine, Aviation and Transit Insurance Written Premium (BRL Billion), by Sub-Category, 2007–2016
Figure 61: Marine, Aviation and Transit Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 62: Marine Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 63: Marine Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 64: Marine Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Figure 65: Marine Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Figure 66: Aviation Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 67: Aviation Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 68: Aviation Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Figure 69: Aviation Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Figure 70: Transit Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 71: Transit Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 72: Transit Insurance Sub-Category by Written Premium (BRL Billion), 2007–2011
Figure 73: Transit Insurance Sub-Category by Written Premium (BRL Billion), 2011–2016
Figure 74: Non-Life Insurance New Business Written Premium – Market Shares by Distribution Channel, 2011 and 2016
Figure 75: Non-Life Insurance Market – Direct Marketing Commission Paid (BRL Billion), 2007–2011
Figure 76: Non-Life Insurance Market – Direct Marketing Commission Paid (BRL Billion), 2011–2016
Figure 77: Non-Life Insurance Market – Written Premium Through Direct Marketing (BRL Billion), 2007–2011
Figure 78: Non-Life Insurance Market – Written Premium Through Direct Marketing (BRL Billion), 2011–2016
Figure 79: Non-Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2007–2011
Figure 80: Non-Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2011–2016
Figure 81: Non-Life Insurance Market – Number of Direct Marketing Distributors 2007–2011
Figure 82: Non-Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016
Figure 83: Non-Life Insurance Market – Bancassurance Commission Paid (BRL Billion), 2007–2011
Figure 84: Non-Life Insurance Market – Bancassurance Commission Paid (BRL Billion), 2011–2016
Figure 85: Non-Life Insurance Market – Written Premium Through Bancassurance (BRL Billion), 2007–2011
Figure 86: Non-Life Insurance Market – Written Premium Through Bancassurance (BRL Billion), 2011–2016
Figure 87: Non-Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2007–2011
Figure 88: Non-Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2011–2016
Figure 89: Non-Life Insurance Market – Number of Bancassurance Distributors, 2007–2011
Figure 90: Non-Life Insurance Market – Number of Bancassurance Distributors, 2011–2016
Figure 91: Non-Life Insurance Market – Agencies Commission Paid (BRL Billion), 2007–2011
Figure 92: Non-Life Insurance Market – Agencies Commission Paid (BRL Billion), 2011–2016
Figure 93: Non-Life Insurance Market – Written Premium Through Agencies (BRL Billion), 2007–2011
Figure 94: Non-Life Insurance Market – Written Premium Through Agencies (BRL Billion), 2011–2016
Figure 95: Non-Life Insurance Market – Policies Sold Through Agencies (‘000), 2007–2011
Figure 96: Non-Life Insurance Market – Policies Sold Through Agencies (‘000), 2011–2016
Figure 97: Non-Life Insurance Market – Number of Agencies, 2007–2011
Figure 98: Non-Life Insurance Market – Number of Agencies, 2011–2016
Figure 99: Non-Life Insurance Market – Commission Paid to Other Channels (BRL Billion), 2007–2011
Figure 100: Non-Life Insurance Market – Commission Paid to Other Channels (BRL Billion), 2011–2016
Figure 101: Non-Life Insurance – Written Premium Through Other Channels (BRL Billion), 2007–2011
Figure 102: Non-Life Insurance Market – Written Premium Through Other Channels (BRL Billion), 2011–2016
Figure 103: Non-Life Insurance Market – Policies Sold Through Other Channels (‘000), 2007–2011
Figure 104: Non-Life Insurance Market – Policies Sold Through Other Channels (‘000), 2011–2016
Figure 105: Non-Life Insurance Market – Number of Distributors in Other Channels, 2007–2011
Figure 106: Non-Life Insurance Market – Number of Distributors in Other Channels, 2011–2016
Figure 107: Brazilian Non-Life Insurance Market – Five Forces Analysis
Figure 108: Premium Ceded to Reinsurance by Category (BRL Billion), 2007–2016
Figure 109: Reinsurance Premium Share by Category (%), 2011 and 2016
Figure 110: Reinsurance Market Dynamics by Category, 2007–2016
Figure 111: Reinsurance Ceded by Type of Insurance (BRL Billion), 2007–2016
Figure 112: Reinsurance Market Dynamics by Type of Insurance, 2007–2016
Figure 113: Non-Life Insurance Market – Percentage of Reinsurance Ceded, 2007–2011
Figure 114: Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016
Figure 115: : Non-Life Insurance Market Share (%), 2010
Figure 116: Brazilian Business Confidence Indicator, 2005–2009
Figure 117: Bovespa Index Market Capitalization (US$ Billion), 2004–2010
Figure 118: Brazilian FDI Inflows by Industry (US$ Billion), 2003–2009
Figure 119: Brazilian Deployment of Credit (US$ Billion), 2003–2009
Figure 120: Brazilian GDP at Constant Prices (US$ Billion), 2007–2016
Figure 121: Brazilian GDP Per Capita at Constant Prices (US$), 2007–2016
Figure 122: Brazilian GDP at Current Prices (US$ Billion), 2007–2016
Figure 123: Brazilian GDP Per Capita at Current Prices (US$), 2007–2016
Figure 124: Brazilian GDP Split by Key Sectors (%), 2003 and 2008
Figure 125: Brazilian Agriculture Net Output at Current Prices (BRL Billion), 2007–2016
Figure 126: Brazilian Agriculture Net Output at Current Prices (US$ Billion), 2007–2016
Figure 127: Brazilian Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 128: Brazilian Manufacturing Net Output at Current Prices (BRL Billion), 2007–2016
Figure 129: Brazilian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 130: Brazilian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 131: Brazilian Mining, Manufacturing and Utilities Net Output at Current Prices (BRL Billion), 2007–2016
Figure 132: Brazilian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2016
Figure 133: Brazilian Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 134: Brazilian Construction Net Output at Current Prices (BRL Billion), 2007–2016
Figure 135: Brazilian Construction Net Output at Current Prices (US$ Billion), 2007–2016
Figure 136: Brazilian Construction Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 137: Brazilian Crude Steel Production (Million Metric Tons), 2007–2016
Figure 138: Brazilian Crude Oil Consumption (Million Tons), 2007–2016
Figure 139: Brazilian Inflation Rate (%), 2007–2016
Figure 140: Brazilian Fiscal Balance as a Percentage of GDP (%), 2007–2011
Figure 141: Brazilian Current Account Balance as a Percentage of GDP (%), 2004–2010
Figure 142: Brazilian Exports as a Percentage of GDP (%), 2007–2016
Figure 143: Brazilian Imports as a Percentage of GDP (%), 2007–2016
Figure 144: Brazilian Exports Growth (%), 2007–2016
Figure 145: Brazilian Imports Growth (%), 2007–2016
Figure 146: Brazilian External Debt as a Percentage of GDP (%), 2007–2010
Figure 147: Brazilian Annual Average Exchange Rate (US$–BRL), 2007–2010
Figure 148: Brazilian End of Period Exchange Rate (US$–BRL), 2007–2010
Figure 149: Brazil Debt Service Ratio, 2003–2009
Figure 150: Brazilian Number of Airports, 2010
Figure 151: Brazilian Passenger Vehicle Production (Million Units), 2007–2016
Figure 152: Brazilian Commercial Vehicle Production (Units), 2007–2016
Figure 153: Brazilian Automotive Components Exports (US$ Billion), 2007–2016
Figure 154: Brazilian Automotive Components Imports (US$ Billion), 2007–2016
Figure 155: Brazil Passenger Vehicle Exports (Units), 2007–2016
Figure 156: Brazilian Commercial Vehicle Exports (Units), 2007–2016
Figure 157: Brazil Passenger Vehicle Exports (Units), 2007–2016
Figure 158: Brazil Motorcycle Penetration (per Thousand People), 2007–2015
Figure 159: Brazilian Total Installed Capacity for Electricity Generation (Million Kilowatts), 2007–2016
Figure 160: Brazilian Installed Capacity for the Generation of Conventional Thermal Electricity (Million Kilowatts), 2007–2016
Figure 161: Brazilian Electricity Production (Billion Kilowatts Hours), 2007–2016
Figure 162: Brazilian Installed Capacity for the Generation of Hydro-Electricity (Million Kilowatts), 2007–2016
Figure 163: Brazilian Installed Capacity for the Generation of Renewable Electricity (Million Kilowatts), 2007–2016
Figure 164: Brazilian Electricity Consumption (Billion Kilowatt Hours), 2007–2016
Figure 165: Brazilian Electricity Exports (Million Kilowatts Hours), 2007–2016
Figure 166: Brazilian Electricity Imports (Billon Kilowatts Hours), 2007–2016
Figure 167: Brazilian Healthcare Expenditure (US$ Billion), 2007–2016
Figure 168: Brazilian Healthcare Expenditure as a Percentage of GDP (%), 2007–2016
Figure 169: Brazilian Per Capita Healthcare Expenditure (US$), 2007–2016
Figure 170: Brazilian Internet Subscriptions (Millions), 2007–2016
Figure 171: Brazilian Broadband Internet Subscriptions (Millions), 2007–2016
Figure 172: Brazilian Personal Computer Penetration Rate (per Hundred People), 2007–2016
Figure 173: Brazilian Mobile Phone Penetration (%), 2007–2016
Figure 174: Brazilian R&D Expenditure as a Percentage of GDP (%), 2007–2016
Figure 175: Brazilian Size of Labor Force (Million), 2007–2016
Figure 176: Brazilian Unemployment Rate (%), 2007–2016
Figure 177: Brazilian Annual Disposable Income (US$ Billion), 2007–2016
Figure 178: Brazilian Annual Per Capita Disposable Income (US$), 2007–2016
Figure 179: Brazilian Consumer Expenditure on Food (US$ Billion), 2007–2016
Figure 180: Brazilian Annual Per Capita Consumer Expenditure on Food (US$), 2007–2016
Figure 181: Brazilian Total Population (Million People), 2007–2016
Figure 182: Brazilian Urban and Rural Population (%), 2007–2016
Figure 183: Brazilian Female as a Percentage of Total Population (%), 2007–2016
Figure 184: Brazilian Male as a Percentage of Total Population (%), 2007–2016
Figure 185: Brazilian Mean Age of Population (Years), 2007–2016
Figure 186: Brazilian Median Age of Population (Years), 2007–2016
Figure 187: Brazilian Population Density (per Square Kilometer), 2007–2016
Figure 188: Brazilian Population Distribution by Age (%), 2007–2016
Figure 189: Brazilian Male Population Distribution by Age (%), 2007–2016
Figure 190: Brazilian Female Population Distribution by Age (%), 2007–2016
Figure 191: Brazilian Households, Number of (Million), 2007–2016
Figure 192: Global Terrorism Heat Map, 2010
Figure 193: Brazilian Transparency Index, 2007–2010
COMPANIES MENTIONED
Porto Seguro S.A
Itau Unibanco Holding SA
Bradesco Seguros S.A
Sul America SA
Mapfre Seguros
Tokio Marine Brasil Seguradora S.A
Caixa Seguradora SA
Allianz Seguros S.A. Skip to top