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Life Insurance in Brazil, Key Trends and Opportunities to 2020

Life Insurance in Brazil, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Life Insurance in Brazil Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Brazilian life insurance segment, and a comparison of the Brazilian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Brazilian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Life Insurance in Brazil Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Brazilian life insurance segment, including:

  • An overview of the Brazilian life insurance segment
  • The Brazilian life insurance segment’s growth prospects by category
  • A comprehensive overview of the Brazilian economy and demographics
  • A comparison of the Brazilian life insurance segment with its regional counterparts
  • Overview of various distribution channels in the Brazilian life insurance segment
  • Details of the competitive landscape in the life insurance segment in Brazil
  • Details of regulatory policy applicable to the Brazilian insurance industry
Scope

This report provides a comprehensive analysis of the life insurance segment in Brazil:
  • It provides historical values for the Brazilian life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Brazilian life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Brazilian life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for life insurance products in Brazil.
  • It profiles the top life insurance companies in Brazil and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Brazilian life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Brazilian life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Brazilian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The Brazilian life insurance segment accounted for 57.5% of the industry’s gross written premium in 2015.
  • The segment grew at a review-period CAGR of 14.0%, primarily contributed by the expansion of the pension category.
  • Brazilian bank branch networks enable insurers to market products to a large customer base.
  • In September 2015, under the Solvency II framework, the EC granted provisional equivalence to Brazil’s solvency regime.
  • The rise in the middle-class population and its purchasing power will drive demand for life insurance over the forecast period.


  • Key Facts and Highlights
    • Table Brazilian Life Insurance - Key Facts, 2015
    • Table Brazilian Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table BRICS Region - Real GDP (US$ Billion), 2015
    • Table Brazilian Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Brazilian Life Insurance - Gross Written Premium (BRL Billion and US$ Billion), 2011-2015
        • Table Brazilian Life Insurance - Penetration (%), 2011-2015
        • Table Brazilian Life Insurance - Gross Written Premium (BRL Billion and US$ Billion), 2015-2020
        • Table Brazilian Life Insurance - Penetration (%), 2015-2020
        • Table Brazilian Life Insurance - Premium per Capita (BRL and US$), 2011-2015
        • Table Brazilian Life Insurance - Premium per Capita (BRL and US$), 2015-2020
      • Claims
        • Table Brazilian Life Insurance - Paid Claims (BRL Billion and US$ Billion), 2011-2015
        • Table Brazilian Life Insurance - Paid Claims (BRL Billion and US$ Billion), 2015-2020
      • Assets and investments
        • Table Brazilian Life Insurance - Total Assets (BRL Billion and US$ Billion), 2011-2015
        • Table Brazilian Life Insurance - Total Assets (BRL Billion and US$ Billion), 2015-2020
        • Table Brazilian Life Insurance - Total Investment Income (BRL Billion and US$ Billion), 2011-2015
        • Table Brazilian Life Insurance - Total Investment Income (BRL Billion and US$ Billion), 2015-2020
        • Table Brazilian Life Insurance - Investment Portfolio (BRL Billion), 2011-2015
        • Table Brazilian Life Insurance - Investment Portfolio (BRL Billion), 2015-2020
  • Outlook by Sub-Segment
    • Table Brazilian Life Insurance - Direct Written Premium by Sub-Segment (BRL Billion),2011-2015
    • Table Brazilian Life Insurance - Direct Written Premium by Sub-Segment (BRL Billion), 2015-2020
    • Individual Life Insurance
      • Premium
        • Table Brazilian Individual Life Insurance - Direct Written Premium by Category (BRL Million), 2011-2015
        • Table Brazilian Individual Life Insurance - Direct Written Premium by Category (BRL Billion), 2015-2020
      • Penetration
    • Group Life Insurance
      • Premium
        • Table Brazilian Group Life Insurance - Direct Written Premium by Category (BRL Billion), 2011-2015
        • Table Brazilian Group Life Insurance - Direct Written Premium by Category (BRL Billion), 2015-2020
      • Penetration
  • Distribution Channel Outlook
  • Natural and Man-Made Hazards
    • Table Average Annual Loss by Hazard (1990-2015)
    • Flooding
    • Droughts
    • Landslides
    • Storms
    • Epidemics
    • Man-Made Disasters
    • Exposure
  • Competitive Landscape
    • Table Brazilian Insurance Industry - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Companhia de Seguros Aliança do Brasil - company overview
        • Table Companhia de Seguros Aliança do Brasil - Key Facts
        • Table Companhia de Seguros Aliança do Brasil - Key Financials (BRL Million), 2011-2015
      • Bradesco Vida e Previdência SA - company overview
        • Table Bradesco Vida e Previdência SA - Key Facts
        • Table Bradesco Vida e Previdência SA - Key Financials (BRL Million), 2011-2015
      • Zurich Santander Brasil Seguros e Previdência SA - company overview
        • Table Zurich Santander Brasil Seguros e Previdência SA - Key Facts
        • Table Zurich Santander Brasil Seguros e Previdência SA - Key Financials (BRL Million), 2011-2015
      • Itaú Seguros SA - company overview
        • Table Itaú Seguros SA - Key Facts
        • Table Itaú Seguros SA - Key Financials (BRL Million), 2011-2015
      • Caixa Seguradora SA - company overview
        • Table Caixa Seguradora SA - Key Facts
        • Table Caixa Seguradora SA - Key Financials (BRL Million), 2011-2015
  • Governance, Risk and Compliance
    • Table Brazil - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life Insurance
        • Table Brazil - Life Insurance Regulatory Framework
      • Property Insurance
        • Table Brazil - Property Insurance Regulatory Framework
      • Motor Insurance
        • Table Brazil - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Brazil - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
        • Table Brazil - Compensation Provided by the Insurer in the Event of an Accident
      • Insurance for personal injury caused by ships or cargos
        • Table Brazil - Compensation Provided by the Insurer in the Event of an Accident
      • Social security scheme
      • Domestic credit insurance
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Association of Insurance Supervisors Latin America
      • National Private Insurance Council
      • Superintendent of Private Insurance
      • National Confederation of General Insurance, Private Pension and Life, Supplementary Health and Capitalization Companies
      • National Federation of General Insurance
      • National Federation of Open Private Pension and Life
      • National Federation of Supplementary Health
      • National Federation of Capitalization
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
        • Table Brazil - Ratings Required For Registration Of Reinsurance Business
        • Table Brazil - Ratings Required For Registration Of Occasional Business
      • Types of license
      • Capital requirements
        • Table Brazil - Base Capital - Variable Component by Region
      • Solvency margin
        • Table Brazil - Risks Correlation Factor
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxations
      • Withholding taxes on premium paid overseas.
      • Corporate tax
        • Table Brazil - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Brazilian Life Insurance - Policies and Premium, 2011-2015
      • Table Brazilian Life Insurance - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Brazilian Life Insurance - Claims and Expenses, 2011-2015
      • Table Brazilian Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Brazilian Life Insurance - Assets and Investments, 2011-2015
      • Table Brazilian Life Insurance - Assets and Investments, 2015-2020
    • Individual Life Insurance
      • Table Brazilian Life Insurance - Individual Life Insurance, 2011-2015
      • Table Brazilian Life Insurance - Individual Life Insurance, 2015-2020
    • Individual Life Insurance by Product
      • Table Brazilian Life Insurance - Individual Life Insurance by Product, 2011-2015
      • Table Brazilian Life Insurance - Individual Life Insurance by Product, 2015-2020
    • Group Life Insurance
      • Table Brazilian Life Insurance - Group Life Insurance, 2011-2015
      • Table Brazilian Life Insurance - Group Life Insurance, 2015-2020
    • Group Life Insurance by Product
      • Table Brazilian Life Insurance - Group Life Insurance by Product, 2011-2015
      • Table Brazilian Life Insurance - Group Life Insurance by Product, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's services
    • Disclaimer

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