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Brazil Insurance Report Q4 2017

BMI View:

We maintain a positive outlook for the Brazilian insurance industry in 2017 and over the fiveyears to 2021. Rising incomes, improving macroeconomic fundamentals and a steady demand for life andpension savings, together with increased purchasing of items requiring insurance will all underpin growthin the industry. Additionally, we note that the high growth rate will encourage a number of internationalinsurance carriers to attempt to solidify their footing in a market largely dominated by domestic firms.

Insurance carriers will look to attract lower-income consumers in areas where penetration rates andproduct awareness is low. We highlight that insurers will have to actively lure low- and middle-incomecustomers to generate higher premiums in uninsured areas.

Key Updates And Forecasts

Major Brazilian financial services provider and insurance carrier Bradesco received regulatory approvalfor the USD5.2bn purchase of HSBC's Brazil operations in Q416. This will boost the group's consumerbase by over 5mn. The regulatory body has barred Bradesco from making any more high profilepurchases for a period of 30 months.


BMI Industry View
Table: Headline Insurance Forecasts (Brazil 2014-2021)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Brazil 2014-2021)
Table: Life Insurance Claims (Brazil 2009-2016)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Brazil 2014-2021)
Table: Non-Life Insurance Claims (Brazil 2010-2016)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Brazil 2014-2021)
Insurance Risk/Reward Index
Latin America And The Caribbean Insurance Risk/Reward Index
Table: Latin America And The Caribbean Insurance Risk/Reward Index, Q4 2017
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Table: Life Insurance Market (USDmn) 2011-2013
Non-Life Market Overview
Product Offering
Competitive Landscape
Table: Non-Life Insurance Market (USDmn) 2012-2015
Company Profile
Bradesco Seguros
BB Seguridade Participações SA
Itaú Seguros
Porto Seguro
SulAmérica
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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