Non-Life Insurance in Brazil - Market Summary, Competitive Analysis and Forecast to 2025
Non-Life Insurance in Brazil - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Non-Life Insurance in Brazil industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Non-Life Insurance in Brazil industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Brazilian non-life insurance market had total gross written premiums of $25.5bn in 2020, representing a compound annual growth rate (CAGR) of 4.4% between 2016 and 2020.
- The motor segment was the market's most lucrative in 2020, with total gross written premiums of $13.1bn, equivalent to 51.4% of the market's overall value.
- The COVID-19 pandemic, which first took hold in Brazil in early 2020, has had a significant impact on many markets around the world, including non-life insurance. Interest rate cuts have hampered insurance companies’ profits, whilst restrictions on consumers’ movement have reduced demand for motor and travel insurance.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Brazil
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Brazil
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Brazil non-life insurance market with five year forecasts by both value and volume
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1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Porto Seguro SA
8.2. Mapfre SA
8.3. Zurich Insurance Group Ltd
8.4. Banco Bradesco SA
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Porto Seguro SA
8.2. Mapfre SA
8.3. Zurich Insurance Group Ltd
8.4. Banco Bradesco SA
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Brazil non-life insurance market value: $ billion, 2016–20
Table 2: Brazil non–life insurance market category segmentation: $ billion, 2020
Table 3: Brazil non–life insurance market geography segmentation: $ billion, 2020
Table 4: Brazil non-life insurance market value forecast: $ billion, 2020–25
Table 5: Brazil non-life insurance market share: % share, by value, 2020
Table 6: Porto Seguro SA: key facts
Table 7: Porto Seguro SA: Annual Financial Ratios
Table 8: Porto Seguro SA: Key Employees
Table 9: Mapfre SA: key facts
Table 10: Mapfre SA: Annual Financial Ratios
Table 11: Mapfre SA: Key Employees
Table 12: Mapfre SA: Key Employees Continued
Table 13: Zurich Insurance Group Ltd: key facts
Table 14: Zurich Insurance Group Ltd: Annual Financial Ratios
Table 15: Zurich Insurance Group Ltd: Key Employees
Table 16: Zurich Insurance Group Ltd: Key Employees Continued
Table 17: Banco Bradesco SA: key facts
Table 18: Banco Bradesco SA: Annual Financial Ratios
Table 19: Banco Bradesco SA: Key Employees
Table 20: Brazil size of population (million), 2016–20
Table 21: Brazil gdp (constant 2005 prices, $ billion), 2016–20
Table 22: Brazil gdp (current prices, $ billion), 2016–20
Table 23: Brazil inflation, 2016–20
Table 24: Brazil consumer price index (absolute), 2016–20
Table 25: Brazil exchange rate, 2016–20
Table 1: Brazil non-life insurance market value: $ billion, 2016–20
Table 2: Brazil non–life insurance market category segmentation: $ billion, 2020
Table 3: Brazil non–life insurance market geography segmentation: $ billion, 2020
Table 4: Brazil non-life insurance market value forecast: $ billion, 2020–25
Table 5: Brazil non-life insurance market share: % share, by value, 2020
Table 6: Porto Seguro SA: key facts
Table 7: Porto Seguro SA: Annual Financial Ratios
Table 8: Porto Seguro SA: Key Employees
Table 9: Mapfre SA: key facts
Table 10: Mapfre SA: Annual Financial Ratios
Table 11: Mapfre SA: Key Employees
Table 12: Mapfre SA: Key Employees Continued
Table 13: Zurich Insurance Group Ltd: key facts
Table 14: Zurich Insurance Group Ltd: Annual Financial Ratios
Table 15: Zurich Insurance Group Ltd: Key Employees
Table 16: Zurich Insurance Group Ltd: Key Employees Continued
Table 17: Banco Bradesco SA: key facts
Table 18: Banco Bradesco SA: Annual Financial Ratios
Table 19: Banco Bradesco SA: Key Employees
Table 20: Brazil size of population (million), 2016–20
Table 21: Brazil gdp (constant 2005 prices, $ billion), 2016–20
Table 22: Brazil gdp (current prices, $ billion), 2016–20
Table 23: Brazil inflation, 2016–20
Table 24: Brazil consumer price index (absolute), 2016–20
Table 25: Brazil exchange rate, 2016–20
LIST OF FIGURES
Figure 1: Brazil non-life insurance market value: $ billion, 2016–20
Figure 2: Brazil non–life insurance market category segmentation: % share, by value, 2020
Figure 3: Brazil non–life insurance market geography segmentation: % share, by value, 2020
Figure 4: Brazil non-life insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the non-life insurance market in Brazil, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in Brazil, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in Brazil, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Brazil, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Brazil, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Brazil, 2020
Figure 11: Brazil non-life insurance market share: % share, by value, 2020
Figure 1: Brazil non-life insurance market value: $ billion, 2016–20
Figure 2: Brazil non–life insurance market category segmentation: % share, by value, 2020
Figure 3: Brazil non–life insurance market geography segmentation: % share, by value, 2020
Figure 4: Brazil non-life insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the non-life insurance market in Brazil, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in Brazil, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in Brazil, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Brazil, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Brazil, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Brazil, 2020
Figure 11: Brazil non-life insurance market share: % share, by value, 2020
