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South America Life Insurance Market Summary, Competitive Analysis and Forecast to 2027

Publisher MarketLine
Published Mar 15, 2023
Length 39 Pages
SKU # MTLN18252471

Description

South America Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Life Insurance in South America 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 South American life insurance market had total gross written premiums of $47.9 billion in 2022, representing a compound annual growth rate (CAGR) of 4.5% between 2017 and 2022.
  • The life insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $27.8 billion, equivalent to 58% of the market's overall value.
  • According to the IMF, South America GDP will grow by 1.6% in 2023. The performance of the market is forecast to accelerate, with an anticipated CAGR of 5.9% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $63.9 billion by the end of 2027.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in South America
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in South America
  • 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 South America life insurance market with five year forecasts
Reasons to Buy
  • What was the size of the South America life insurance market by value in 2022?
  • What will be the size of the South America life insurance market in 2027?
  • What factors are affecting the strength of competition in the South America life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South America's life insurance market?

Table of Contents

39 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 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. Bradesco Seguros SA
8.2. Brasilprev Seguros e Previdencia SA
8.3. Caixa Economica Federal
8.4. Zurich American Insurance Co
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 market value: $ billion, 2017-22
Table 2: South America life insurance market category segmentation: % share, by value, 2017–2022
Table 3: South America life insurance market category segmentation: $ billion, 2017-2022
Table 4: South America life insurance market geography segmentation: $ billion, 2022
Table 5: South America life insurance market value forecast: $ billion, 2022-27
Table 6: South America life insurance market share: % share, by value, 2022
Table 7: Bradesco Seguros SA: key facts
Table 8: Bradesco Seguros SA: Key Employees
Table 9: Brasilprev Seguros e Previdencia SA: key facts
Table 10: Brasilprev Seguros e Previdencia SA: Key Employees
Table 11: Caixa Economica Federal: key facts
Table 12: Caixa Economica Federal: Key Employees
Table 13: Zurich American Insurance Co: key facts
Table 14: Zurich American Insurance Co: Key Employees
Table 15: South America exchange rate, 2017–21
List of Figures
Figure 1: South America life insurance market value: $ billion, 2017-22
Figure 2: South America life insurance market category segmentation: $ billion, 2017-2022
Figure 3: South America life insurance market geography segmentation: % share, by value, 2022
Figure 4: South America life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in South America, 2022
Figure 6: Drivers of buyer power in the life insurance market in South America, 2022
Figure 7: Drivers of supplier power in the life insurance market in South America, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in South America, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in South America, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in South America, 2022
Figure 11: South America life insurance market share: % share, by value, 2022

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