Brazil Life Insurance Market Summary, Competitive Analysis and Forecast to 2027

March 2023 | 49 pages | ID: B4F79F4EA5D4EN
MarketLine

Abstracts

Brazil Life Insurance Market @Summary, Competitive Analysis and Forecast to 2027

SUMMARY

Life Insurance in Brazil industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

KEY HIGHLIGHTS

• The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
• The Brazilian life insurance market had total gross written premiums of $35.1 billion in 2022, representing a compound annual growth rate (CAGR) of 5.8% between 2017 and 2022.
• The life insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $19.5 billion, equivalent to 55.6% of the market's overall value.
• Inflation in Brazil stood at 8.73% in 2022. This is likely to have contributed to a significant slowdown in the market. Consumer confidence has plummeted in 2022 due to the economic uncertainty brought about by the inflation rate.

SCOPE

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Brazil
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Brazil
• Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Brazil life insurance market with five year forecasts

REASONS TO BUY

• What was the size of the Brazil life insurance market by value in 2022?
• What will be the size of the Brazil life insurance market in 2027?
• What factors are affecting the strength of competition in the Brazil life insurance market?
• How has the market performed over the last five years?
• What are the main segments that make up Brazil's life insurance market?

Contents

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. Allianz SE
8.2. Banco Bradesco SA
8.3. Itau Unibanco Holding SA
8.4. Mapfre 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

LIST OF TABLES

Table 1: Brazil life insurance market value: $ billion, 2017-22(e)
Table 2: Brazil life insurance market category segmentation: % share, by value, 2017–2022(e)
Table 3: Brazil life insurance market category segmentation: $ billion, 2017-2022
Table 4: Brazil life insurance market geography segmentation: $ billion, 2022(e)
Table 5: Brazil life insurance market value forecast: $ billion, 2022-27
Table 6: Brazil life insurance market share: % share, by value, 2022(e)
Table 7: Allianz SE: key facts
Table 8: Allianz SE: Annual Financial Ratios
Table 9: Allianz SE: Key Employees
Table 10: Allianz SE: Key Employees Continued
Table 11: Banco Bradesco SA: key facts
Table 12: Banco Bradesco SA: Annual Financial Ratios
Table 13: Banco Bradesco SA: Key Employees
Table 14: Banco Bradesco SA: Key Employees Continued
Table 15: Itau Unibanco Holding SA: key facts
Table 16: Itau Unibanco Holding SA: Annual Financial Ratios
Table 17: Itau Unibanco Holding SA: Key Employees
Table 18: Itau Unibanco Holding SA: Key Employees Continued
Table 19: Mapfre SA: key facts
Table 20: Mapfre SA: Annual Financial Ratios
Table 21: Mapfre SA: Key Employees
Table 22: Mapfre SA: Key Employees Continued
Table 23: Brazil size of population (million), 2018–22
Table 24: Brazil gdp (constant 2005 prices, $ billion), 2018–22
Table 25: Brazil gdp (current prices, $ billion), 2018–22
Table 26: Brazil inflation, 2018–22
Table 27: Brazil consumer price index (absolute), 2018–22
Table 28: Brazil exchange rate, 2016–20

List Of Figures

LIST OF FIGURES

Figure 1: Brazil life insurance market value: $ billion, 2017-22(e)
Figure 2: Brazil life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Brazil life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: Brazil life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in Brazil, 2022
Figure 6: Drivers of buyer power in the life insurance market in Brazil, 2022
Figure 7: Drivers of supplier power in the life insurance market in Brazil, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Brazil, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Brazil, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Brazil, 2022
Figure 11: Brazil life insurance market share: % share, by value, 2022(e)