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Reinsurance in Brazil, Key Trends and Opportunities to 2016: IRB to Lose Market Share to Foreign Reinsurers

116 Pages Timetric January 11, 2012 SKU: TMTR3804291

Synopsis

The report provides top-level market analysis, information and insights into the Brazilian reinsurance market, including:
  • The Brazilian reinsurance market’s growth prospects by reinsurance categories
  • The Brazilian reinsurance market’s growth prospects by reinsurance ceded from direct insurance segments
  • The competitive landscape in the Brazilian reinsurance market
Summary

In its efforts to develop the reinsurance market, the Brazilian government partially deregulated the market in January 2007, allowing private reinsurance companies to conduct business operations in Brazil from April 2008. In addition to the government-owned IRB, four private domestic companies have received approval to operate as local insurers. To gain approval, domestic reinsurers had to establish limited-liability companies in Brazil exclusively for carrying out reinsurance business, and had minimum capital requirement of US$26.5 million which increased depending on the types of risk covered.

Scope

This report provides a comprehensive analysis of the reinsurance market in Brazil:
  • It provides historical values for Brazil’s reinsurance 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 reinsurance market, along with market forecasts until 2016
  • It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in Brazil and its growth prospects
  • It profiles the top reinsurance companies in Brazil
Reasons To Buy
  • Make strategic business decisions using top-level historic and forecast market data related to the Brazilian reinsurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Brazilian reinsurance market
  • Assess the competitive dynamics in the reinsurance market
  • Identify the growth opportunities and market dynamics within key product categories
Key Highlights
  • In its efforts to develop the reinsurance market, the Brazilian government partially deregulated the market in January 2007, allowing private reinsurance companies to conduct business operations in Brazil from April 2008
  • Due to the entry and expansion of foreign insurance companies and larger domestic companies consolidating their market position in the insurance industry, the intensity of competition has risen considerably
  • The Brazilian reinsurance market is dominated by IRB Brasil Resseguros S/A
  • In 2011, the Facultative reinsurance category was the largest in terms of written premium with a total market share of 71.8% in 2011
  • Infrastructure construction and credit industries are expected to experience higher growth over the forecast period
  • Stricter regulations for higher capital requirements by SUSEP are expected to lead to growth in the reinsurance industry

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Reinsurance in Brazil, Key Trends and Opportunities to 2016: IRB to Lose Ma...

Timetric
January 11, 2012

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