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Life Insurance & Pension in South America

Publisher MarketLine
Published Nov 14, 2024
Length 45 Pages
SKU # MTLN19546994

Description

Life Insurance & Pension in South America

Summary

Life Insurance & Pension in South America industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
  • The South American life insurance & pension market recorded gross written premiums of $61.9 billion in 2023, representing a compound annual growth rate (CAGR) of 3.0% between 2018 and 2023.
  • The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $44.7 billion, equivalent to 72.1% of the market's overall value.
  • The growth in the South American life insurance & pension market is driven by the increasing population of individuals aged 65 and above. This demographic shift is fuelling demand for retirement savings plans and income protection policies as people seek financial security for their post-retirement years. According to the United States Census Bureau, the population of individuals aged 65 and above in Argentina stood at 5.9 million in 2023, an increase of 2.3% from the previous year.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance & pension market in South America
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in South America
  • Leading company profiles reveal details of key life insurance & pension market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South America life insurance & pension market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the South America life insurance & pension market by value in 2023?
  • What will be the size of the South America life insurance & pension market in 2028?
  • What factors are affecting the strength of competition in the South America life insurance & pension market?
  • How has the market performed over the last five years?
  • How large is South America’s life insurance & pension market in relation to its regional counterparts?

Table of Contents

45 Pages
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 are the strengths of the leading players?
7.4. What are the recent developments in the market?
8 Company Profiles
8.1. Brasilprev Seguros e Previdencia SA
8.2. Banco Bradesco SA
8.3. CaixaBank SA
8.4. Zurich Insurance Group Ltd
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: South America life insurance & pension market value: $ billion, 2018-23
Table 2: South America life insurance & pension market category segmentation: % share, by value, 2018-23
Table 3: South America life insurance & pension market category segmentation: $ billion, 2018-23
Table 4: South America life insurance & pension market geography segmentation: $ billion, 2023
Table 5: South America life insurance & pension market value forecast: $ billion, 2023-28
Table 6: South America life insurance & pension market share: % share, by value, 2023
Table 7: Brasilprev Seguros e Previdencia SA: Key Facts
Table 8: Brasilprev Seguros e Previdencia SA: Key Employees
Table 9: Banco Bradesco SA: Key Facts
Table 10: Banco Bradesco SA: Annual Financial Ratios
Table 11: Banco Bradesco SA: Key Employees
Table 12: Banco Bradesco SA: Key Employees Continued
Table 13: CaixaBank SA: Key Facts
Table 14: CaixaBank SA: Annual Financial Ratios
Table 15: CaixaBank SA: Key Employees
Table 16: CaixaBank SA: Key Employees Continued
Table 17: Zurich Insurance Group Ltd: Key Facts
Table 18: Zurich Insurance Group Ltd: Annual Financial Ratios
Table 19: Zurich Insurance Group Ltd: Key Employees
Table 20: Zurich Insurance Group Ltd: Key Employees Continued
Table 21: South America Exchange Rate, 2018-23
List of Figures
Figure 1: South America life insurance & pension market value: $ billion, 2018-23
Figure 2: South America life insurance & pension market category segmentation: $ billion, 2018-23
Figure 3: South America life insurance & pension market geography segmentation: % share, by value, 2023
Figure 4: South America life insurance & pension market value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the life insurance & pension market in South America, 2023
Figure 6: Drivers of buyer power in the life insurance & pension market in South America, 2023
Figure 7: Drivers of supplier power in the life insurance & pension market in South America, 2023
Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in South America, 2023
Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in South America, 2023
Figure 10: Drivers of degree of rivalry in the life insurance & pension market in South America, 2023
Figure 11: South America life insurance & pension market share: % share, by value, 2023

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