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Non-Life Insurance BRIC (Brazil, Russia, India, China) Industry Guide 2020-2029

Publisher MarketLine
Published Dec 24, 2025
Length 303 Pages
SKU # MTLN20937368

Description

Non-Life Insurance BRIC (Brazil, Russia, India, China) Industry Guide 2020-2029

Summary

The BRIC Non-Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market size (value , and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Brazil, Russian Federation, India and China (BRIC) are the emerging and fast growing countries within the non-life insurance industry and had a total market value of $354.2 billion in 2024. Brazil was the fastest growing country with a CAGR of 10.7% over the 2020-24 period.
  • Within the non-life insurance industry, China is the leading country among the BRIC nations with market revenues of $237.7 billion in 2024. This was followed by Brazil, India and Russia with a value of $57.4, $39.2, and $19.9 billion, respectively.
  • China is expected to lead the non-life insurance industry in the BRIC nations with a value of $320.4 billion in 2029, followed by Brazil, India, Russia with expected values of $86.7, $58.4 and $28.3 billion, respectively.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the BRIC non-life insurance market
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the BRIC non-life insurance market
  • Leading company profiles reveal details of key non-life insurance market players’ BRIC operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the BRIC non-life insurance market with five year forecasts
  • Compares data from Brazil, Russia, India, and China, alongside individual chapters on each country
Reasons to Buy
  • What was the size of the BRIC non-life insurance market by value in 2024?
  • What will be the size of the BRIC non-life insurance market in 2029?
  • What factors are affecting the strength of competition in the BRIC non-life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up the BRIC non-life insurance market?

Table of Contents

303 Pages
1 Introduction
1.1. What is this report about?
1.2. Who is the target reader?
1.3. How to use this report
1.4. Definitions
2 BRIC Non-Life Insurance
2.1. Industry Outlook
3 Non-Life Insurance in Brazil
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
5 Non-Life Insurance in China
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 Macroeconomic Indicators
6.1. Country data
7 Non-Life Insurance in India
7.1. Market Overview
7.2. Market Data
7.3. Market Segmentation
7.4. Market outlook
7.5. Five forces analysis
8 Macroeconomic Indicators
8.1. Country data
9 Non-Life Insurance in Russia
9.1. Market Overview
9.2. Market Data
9.3. Market Segmentation
9.4. Market outlook
9.5. Five forces analysis
10 Macroeconomic Indicators
10.1. Country data
11 Company Profiles
11.1. Intact Insurance Co
11.2. Lloyd's Underwriters
11.3. Aviva Insurance Company of Canada
11.4. Co-operators General Insurance Co
11.5. Groupama Assurances Mutuelles
11.6. Covea Mutual Insurance Group Co
11.7. Allianz SE
11.8. AXA SA
11.9. R+V Versicherung AG
11.10. Talanx AG
11.11. Assicurazioni Generali SpA
11.12. UnipolSai Assicurazioni SpA
11.13. Tokio Marine Holdings Inc
11.14. Sompo Holdings, Inc.
11.15. MS&AD Insurance Group Holdings, Inc.
11.16. AlfaStrakhovanie Group
11.17. Ingosstrakh Joint-Stock Insurance Co Ltd
11.18. SOGAZ Insurance Group
11.19. RESO-Garantiya
11.20. Direct Line Insurance Group Plc
11.21. Aviva Plc
11.22. Admiral Group Plc
11.23. State Farm Mutual Automobile Insurance Co
11.24. Berkshire Hathaway Inc
11.25. Allstate Insurance Company
11.26. The Progressive Corp
11.27. AXA Seguros SA de CV
11.28. MetLife Mexico SA
11.29. Qualitas Controladora SAB de CV
11.30. Grupo Nacional Provincial SAB
11.31. Allianz Seguros SA
11.32. Mapfre Seguros
11.33. Porto Seguro SA
11.34. Bradesco Seguros SA
11.35. Huatai Insurance Group Co Ltd
11.36. Ping An Insurance (Group) Company of China Ltd
11.37. The People's Insurance Company (Group) of China Ltd
11.38. China Pacific Insurance (Group) Co Ltd
11.39. United India Insurance Co Ltd
11.40. The Oriental Insurance Company Ltd.
11.41. ICICI Lombard General Insurance Co Ltd
11.42. Hollard Insurance Group
11.43. OUTsurance Insurance Company Ltd
11.44. Guardrisk Insurance Company Ltd
11.45. Santam Ltd
11.46. If P&C Insurance Holding Ltd
11.47. Fennia Group
11.48. OP Corporate Bank Plc
11.49. Tapiola General Mutual Insurance Company
11.50. PT Asuransi Central Asia
11.51. PT Zurich Asuransi Indonesia Tbk
11.52. PT Asuransi Multi Artha Guna Tbk
11.53. PT Asuransi Ramayana Tbk
11.54. ASR Nederland NV
11.55. Achmea BV
11.56. NN Group NV
11.57. If Skadeforsikring NUF
11.58. Gjensidige Forsikring ASA
11.59. Tryg Forsikring A/S
11.60. DNB Bank ASA
11.61. AIG Asia Pacific Insurance Pte. Ltd.
11.62. Income Insurance Ltd
11.63. Chubb Insurance Singapore Ltd
11.64. The Cigna Group
11.65. Meritz Fire & Marine Insurance Co Ltd
11.66. Hyundai Marine & Fire Insurance Co Ltd
11.67. Samsung Fire & Marine Insurance Co Ltd
11.68. KB Financial Group Inc
11.69. Mapfre SA
11.70. Grupo Mutua Madrilena
11.71. Folksam
11.72. Lansforsakringar AB
11.73. If Skadeforsakring AB
11.74. Trygg-Hansa Forsskrings AB
11.75. Turkiye Sigorta AS
11.76. Anadolu Anonim Turk Sigorta Sirketi
11.77. AAI Limited
11.78. Allianz Australia Limited
11.79. QBE Insurance Group Ltd
11.80. Insurance Australia Group Ltd
11.81. Topdanmark AS
11.82. Codan Forsikring AS
11.83. Alm Brand AS
12 Appendix
12.1. Methodology
12.2. About MarketLine
List of Tables
Table 1: BRIC non-life insurance industry, revenue($bn), 2020-29
Table 2: BRIC non-life insurance industry, revenue($bn), 2020-24
Table 3: BRIC non-life insurance industry, revenue($bn), 2024-29
Table 4: Brazil non-life insurance market value: $ billion, 2019-24
Table 5: Brazil non-life insurance market category segmentation: % share, by value, 2019-24
Table 6: Brazil non-life insurance market category segmentation: $ billion, 2019-24
Table 7: Brazil non-life insurance market geography segmentation: $ billion, 2024
Table 8: Brazil non-life insurance market value forecast: $ billion, 2024-29
Table 9: Brazil Size of Population (Million), 2020-24
Table 10: Brazil Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 11: Brazil GDP (Current Prices, $ Billion), 2020-24
Table 12: Brazil Inflation, 2020-24
Table 13: Brazil Consumer Price Index (Absolute), 2020-24
Table 14: Brazil Exchange Rate, 2019-24
Table 15: China non-life insurance market value: $ billion, 2019-24
Table 16: China non-life insurance market category segmentation: % share, by value, 2019-24
Table 17: China non-life insurance market category segmentation: $ billion, 2019-24
Table 18: China non-life insurance market geography segmentation: $ billion, 2024
Table 19: China non-life insurance market value forecast: $ billion, 2024-29
Table 20: China Size of Population (Million), 2020-24
Table 21: China Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: China GDP (Current Prices, $ Billion), 2020-24
Table 23: China Inflation, 2020-24
Table 24: China Consumer Price Index (Absolute), 2020-24
Table 25: China Exchange Rate, 2019-24
Table 26: India non-life insurance market value: $ billion, 2019-24
Table 27: India non-life insurance market category segmentation: % share, by value, 2019-24
Table 28: India non-life insurance market category segmentation: $ billion, 2019-24
Table 29: India non-life insurance market geography segmentation: $ billion, 2024
Table 30: India non-life insurance market value forecast: $ billion, 2024-29
Table 31: India Size of Population (Million), 2020-24
Table 32: India Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 33: India GDP (Current Prices, $ Billion), 2020-24
Table 34: India Inflation, 2020-24
Table 35: India Consumer Price Index (Absolute), 2020-24
Table 36: India Exchange Rate, 2019-24
Table 37: Russia non-life insurance market value: $ billion, 2019-24
Table 38: Russia non-life insurance market category segmentation: % share, by value, 2019-24
Table 39: Russia non-life insurance market category segmentation: $ billion, 2019-24
Table 40: Russia non-life insurance market geography segmentation: $ billion, 2024
Table 41: Russia non-life insurance market value forecast: $ billion, 2024-29
Table 42: Russia Size of Population (Million), 2020-24
Table 43: Russia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 44: Russia GDP (Current Prices, $ Billion), 2020-24
Table 45: Russia Inflation, 2020-24
Table 46: Russia Consumer Price Index (Absolute), 2020-24
Table 47: Russia Exchange Rate, 2019-24
List of Figures
Figure 1: BRIC non-life insurance industry, revenue($bn), 2020-29
Figure 2: BRIC non-life insurance industry, revenue($bn), 2020-24
Figure 3: BRIC non-life insurance industry, revenue($bn), 2024-29
Figure 4: Brazil non-life insurance market value: $ billion, 2019-24
Figure 5: Brazil non-life insurance market category segmentation: $ billion, 2019-24
Figure 6: Brazil non-life insurance market geography segmentation: % share, by value, 2024
Figure 7: Brazil non-life insurance market value forecast: $ billion, 2024-29
Figure 8: Forces driving competition in the non-life insurance market in Brazil, 2024
Figure 9: Drivers of buyer power in the non-life insurance market in Brazil, 2024
Figure 10: Drivers of supplier power in the non-life insurance market in Brazil, 2024
Figure 11: Factors influencing the likelihood of new entrants in the non-life insurance market in Brazil, 2024
Figure 12: Factors influencing the threat of substitutes in the non-life insurance market in Brazil, 2024
Figure 13: Drivers of degree of rivalry in the non-life insurance market in Brazil, 2024
Figure 14: China non-life insurance market value: $ billion, 2019-24
Figure 15: China non-life insurance market category segmentation: $ billion, 2019-24
Figure 16: China non-life insurance market geography segmentation: % share, by value, 2024
Figure 17: China non-life insurance market value forecast: $ billion, 2024-29
Figure 18: Forces driving competition in the non-life insurance market in China, 2024
Figure 19: Drivers of buyer power in the non-life insurance market in China, 2024
Figure 20: Drivers of supplier power in the non-life insurance market in China, 2024
Figure 21: Factors influencing the likelihood of new entrants in the non-life insurance market in China, 2024
Figure 22: Factors influencing the threat of substitutes in the non-life insurance market in China, 2024
Figure 23: Drivers of degree of rivalry in the non-life insurance market in China, 2024
Figure 24: India non-life insurance market value: $ billion, 2019-24
Figure 25: India non-life insurance market category segmentation: $ billion, 2019-24
Figure 26: India non-life insurance market geography segmentation: % share, by value, 2024
Figure 27: India non-life insurance market value forecast: $ billion, 2024-29
Figure 28: Forces driving competition in the non-life insurance market in India, 2024
Figure 29: Drivers of buyer power in the non-life insurance market in India, 2024
Figure 30: Drivers of supplier power in the non-life insurance market in India, 2024
Figure 31: Factors influencing the likelihood of new entrants in the non-life insurance market in India, 2024
Figure 32: Factors influencing the threat of substitutes in the non-life insurance market in India, 2024
Figure 33: Drivers of degree of rivalry in the non-life insurance market in India, 2024
Figure 34: Russia non-life insurance market value: $ billion, 2019-24
Figure 35: Russia non-life insurance market category segmentation: $ billion, 2019-24
Figure 36: Russia non-life insurance market geography segmentation: % share, by value, 2024
Figure 37: Russia non-life insurance market value forecast: $ billion, 2024-29
Figure 38: Forces driving competition in the non-life insurance market in Russia, 2024
Figure 39: Drivers of buyer power in the non-life insurance market in Russia, 2024
Figure 40: Drivers of supplier power in the non-life insurance market in Russia, 2024
Figure 41: Factors influencing the likelihood of new entrants in the non-life insurance market in Russia, 2024
Figure 42: Factors influencing the threat of substitutes in the non-life insurance market in Russia, 2024
Figure 43: Drivers of degree of rivalry in the non-life insurance market in Russia, 2024

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