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TMCNet:  Research and Markets: Life Insurance in Brazil Report 2014 - Key Trends and Opportunities to 2018

[August 14, 2014]

Research and Markets: Life Insurance in Brazil Report 2014 - Key Trends and Opportunities to 2018

DUBLIN --(Business Wire)--

Research and Markets (http://www.researchandmarkets.com/research/pmhsjz/life_insurance_in) has announced the addition of the "Life Insurance in Brazil, Key Trends and Opportunities to 2018" report to their offering.

The Brazilian life segment is the largest in the industry, accounting for around 53% of its gross written premium in 2013. The segment grew at a CAGR of 20.6% during the review period, driven by economic development, a rise in disposable incomes and tax incentives. The gross written premium registered by the segment will continue to grow, primarily due to the segment's low penetration rate of 2% in 2012 and aided by increasing confidence and family incomes. Growth over the forecast period will also be driven by the bancassurance channel, as Brazilian banks have extensive branch networks, and with banking being the first point of contact for those who are newly accessing financial services.

Key Highlights

  • The Brazilian life segment is the largest in the industry, accounting for around 53% of its gross written premium in 2013.
  • The country's middle class, which is a main driver of consumption, will continue to expand during the forecast period.
  • A large section of Brazilians are not aware of the benefits of taking life cover, or the measures necessary for preventing their wealth from being subjected to capital protection.
  • Life segment growth is partly driven by the attractive tax incentives provided by the government through open pension products.
  • The Brazilian life insurance segment is highly concentrated, with 10 leading insurers accounting for an 89.2% share of the segment's total gross written premiums in 2013.
  • The Brazilian life insurance segment is dominated by three leading companies, which accounted for 66.6% of the segment's total gross written premiums in 2013.

  • Key Topics Covered:

    1 Executive Summary

    2 Introduction

    3 Regional Market Dynamics

    4 Life Insurance - Regional Benchmarking

    5 Brazilian Insurance Industry Attractiveness

    6 Life Insurance Outlook

    7 Analysis by Distribution Channel

    8 Porter's Five Forces Analysis - Brazilian Life Insurance

    9 Reinsurance Growth Dynamics and Challenges

    10 Governance, Risk and Compliance

    11 Competitive Landscape and Strategic Insights

    12 Business Environment and Country Risk

    13 Appendix

    Companies Mentioned

    • Bradesco Vida e Previdência SA
    • Brasilprev Seguros e Previdência SA
    • Itaú Vida e Previdência SA
    • Zurich Santander Seguros SA
    • Companhia de Seguros Aliança do Brasil
    • Caixa Vida e Previdência SA
    • Itaú Seguros SA
    • Icatu Seguros SA
    • HSBC Vida e Previdência (Brasil) SA
    • Caixa Seguradora SA

    For more information visit http://www.researchandmarkets.com/research/pmhsjz/life_insurance_in


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