Aarkstore Enterprise || Brazil Insurance Market Intelligence: 2011 Edition | Market Research Report

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 22, 2011 -- Brazil Insurance Market Intelligence: 2011 Edition

Published Date : 1 January 2011

Pages : 23

The Brazilian Insurance industry is the largest insurance market in Latin America. In contrast to insurance companies in the markets like U.S. and Europe, most firms operating in Brazil are multi-line firms offering health, life, property & casualty coverage. The insurance industry in Brazil has experienced steady growth since 2003. Notably, the industry has benefited from the continued growth of a new life insurance plan, known as VGBL. Automobiles are the largest risk-insurance segment in Brazil, representing 52.7% of all premiums through 2009. Brazil auto insurance industry is highly competitive as far as expenses are concerned. Brazil has a relatively small medical insurance market. Only 3% of the populations are enrolled in private insured plans.

The insurance density of the Brazilian market has grown more than three folds from 2002 to 2009. But given the large size of population, Brazil’s insurance market remains under-developed as compared to Venezuela, Chile and other European nations. This gives the market a huge potential to grow, especially for the life insurance business.

Banco Bradesco and Itaú Unibanco, the two largest private banks in Brazil, are the parent companies for several insurance companies. Rising population, growing automobile insurance, rising affordability, tax advantage in the country and expanding distribution network through Bancassurance are few factors which will drive the Brazilian insurance industry in coming years.

Table of Contents :

1. Industry Snapshot

1.1 Industry Structure
1.1.1 New legislation opened the reinsurance sector to foreign-owned companies
1.1.2 National Council of Private Insurance (CNSP), the Superintendence of Private Insurance (SUSEP) and the re-insurers constitutes insurance system
1.1.3 Health insurance supervised by National Health Agency (ANS)

1.2 Market Overview
1.2.1 Market Size & Growth
1.2.1.1 Rise in overall insurance premiums in 2009 vs 2008

1.2.1.2 Development in new sales channels and increasing awareness led positive growth

1.2.2 Market Segments
1.2.2.1 Auto insurance segment accounted for highest growth in 2009
1.2.2.2 Continued premium growth in VGBL (Vida Gerador de Benefício Livre)
1.2.2.3 Automobile insurance major contributor to non-life premiums
1.2.2.4 Medical insurance market offers huge potential

1.2.3 Market Density & Penetration
1.2.3.1 Continuous growth in insurance density over the years
1.2.3.2 High penetration rate in heath insurance segment

1.2.4 Market Share

1.2.4.1 Brazil's Insurance is dominated by Large Bancassurance Players
1.2.4.2 Rise in number of foreign players
1.2.4.3 Bradesco Vida e Previdencia as largest player in life & pension insurance

2. Industry Analysis

2.1 Industry Developments
New Agreement between Banco de Brasil and OdontoPrev in Brazil
Ebix Acquires Rio de Janeiro Based Insurance Exchange - USIX Technologies
Tempo Participacoes Acquires Unibanco Saude Seguradora
Caixa Seguros to move into Health Insurance
Allianz focusing in rural insurance
2.2 Market Drivers
Rising Population
Growing Auto Insurance

Bancassurance

3. Country Analysis: Risk Assessment

3.1 Political Environment
3.2 Macro-economic Indicators: Current and Projections

4. Industry Outlook: Forecast and Projections
4.1 Improved economic conditions positively affecting insurance premiums
4.2 Rise in Life premiums mainly due to demand for VGBL segment
4.3 Auto insurance driving non-life insurance premiums

For more information please visit :

http://www.aarkstore.com/reports/Brazil-Insurance-Market-Intelligence-2011-Edition-40718.html

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