Brazilian Insurance Market Overview
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Publicado: 18 de julio de 2012
Brazilian Insurance Market Overview — SUSEP
Página 1 de 6
ABOUT BRAZILIAN INSURANCE MARKET
Main Page Brazilian Market Statistics and Graphics Main Rules by Subject Statistical Data System (in Portuguese) Brazilian Insurance Market Links Glossary: Technical and Statistical Terms
Brazilian Insurance Market Overview
Microinsurance
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BRAZILIAN INSURANCE MARKET OVERVIEWThe market supervised by SUSEP is composed by almost 160 companies, 72% of which are insurance companies, 17% are entities exclusively dedicated to offering open private pension schemes and 11% are companies exclusively dedicated to offering capitalization plans. Some Life insurance companies may also offer open private pension schemes.
Insurance premiums in Brazil are concentrated on threelines of businesses: life, automotive (including compulsory insurance for third party liability – DPVAT) and health insurance. Together they account for approximately 84% of the total premium revenues.
http://www.susep.gov.br/english-susep/insurancemarket
17/07/2012
Brazilian Insurance Market Overview — SUSEP
Página 2 de 6
By the end of 2006, the total premiums of the marketsupervised had reached R$ 64.6 billion (US$ 29.6 billion) and the technical provisions, R$ 128.4 billion (US$ 60 billion). With these results, Brazil is the largest Insurance Market in Latin America. Statistical Data System (Portuguese) Glossary: Technical and Statistical Terms This system aims to provide to the public the statistical data of the markets supervised by SUSEP. The data are provided by theindustry by the “Formulários de Informações Periódicas FIP” (Periodical Information Forms) which are subject to alterations due to SUSEP’s further verifications. The table with the monthly movement of the operations by insurance line, since july/2004, is available in this data base. Obs.: In 2001, for health insurance, the data of each company were considered until the month of the effectivetransfer of its control to the ANS (Health National Agency).
BRAZILIAN INSURANCE MARKET PERSPECTIVES
The economic reforms introduced by the Brazilian government in the last years, mainly the economic stabilization plan, as well as the deregulation process, the opening of the market to foreign insurers and the privatization program had a profound impact on the insurance market, which in the lastyears evolved from a mere participation of 0.8% in the GDP in 1994 to 2.55% in 2006. Considering capitalization and open private pension schemes, this percentage reached 3.24 %.
http://www.susep.gov.br/english-susep/insurancemarket
17/07/2012
Brazilian Insurance Market Overview — SUSEP
Página 3 de 6
INSURANCE MARKET PARTICIPATION IN THE GDP
These conditions provide a favorableenvironment for non-life insurance lines, benefited by the growth of economic activities as a whole, as well as for life insurance lines, a protection instrument which had lost its attractiveness during the economic instability period.
PREMIUMS GROWTH BY LINE
The economic stability brought back also the possibility of adoption of the national currency as a trustworthy value reference.Consequently, the investment-making decision process performed by economic agents became more transparent, increasing confidence and overall credibility in the system. The increase of the competitiveness and the new opportunities of business as well as the search for operational results, instead of financial results, imposed on the companies the need for more efficiency. Fusions and acquisitions werestimulated, promoting the market consolidation process and operational and scale gains for the companies, resulting in lower premium rates and expansion of activities.
http://www.susep.gov.br/english-susep/insurancemarket
17/07/2012
Brazilian Insurance Market Overview — SUSEP
Página 4 de 6
The opening of the market to foreign participants in 1996 has permitted the transfer of capital...
Página 1 de 6
ABOUT BRAZILIAN INSURANCE MARKET
Main Page Brazilian Market Statistics and Graphics Main Rules by Subject Statistical Data System (in Portuguese) Brazilian Insurance Market Links Glossary: Technical and Statistical Terms
Brazilian Insurance Market Overview
Microinsurance
Contact Us
BRAZILIAN INSURANCE MARKET OVERVIEWThe market supervised by SUSEP is composed by almost 160 companies, 72% of which are insurance companies, 17% are entities exclusively dedicated to offering open private pension schemes and 11% are companies exclusively dedicated to offering capitalization plans. Some Life insurance companies may also offer open private pension schemes.
Insurance premiums in Brazil are concentrated on threelines of businesses: life, automotive (including compulsory insurance for third party liability – DPVAT) and health insurance. Together they account for approximately 84% of the total premium revenues.
http://www.susep.gov.br/english-susep/insurancemarket
17/07/2012
Brazilian Insurance Market Overview — SUSEP
Página 2 de 6
By the end of 2006, the total premiums of the marketsupervised had reached R$ 64.6 billion (US$ 29.6 billion) and the technical provisions, R$ 128.4 billion (US$ 60 billion). With these results, Brazil is the largest Insurance Market in Latin America. Statistical Data System (Portuguese) Glossary: Technical and Statistical Terms This system aims to provide to the public the statistical data of the markets supervised by SUSEP. The data are provided by theindustry by the “Formulários de Informações Periódicas FIP” (Periodical Information Forms) which are subject to alterations due to SUSEP’s further verifications. The table with the monthly movement of the operations by insurance line, since july/2004, is available in this data base. Obs.: In 2001, for health insurance, the data of each company were considered until the month of the effectivetransfer of its control to the ANS (Health National Agency).
BRAZILIAN INSURANCE MARKET PERSPECTIVES
The economic reforms introduced by the Brazilian government in the last years, mainly the economic stabilization plan, as well as the deregulation process, the opening of the market to foreign insurers and the privatization program had a profound impact on the insurance market, which in the lastyears evolved from a mere participation of 0.8% in the GDP in 1994 to 2.55% in 2006. Considering capitalization and open private pension schemes, this percentage reached 3.24 %.
http://www.susep.gov.br/english-susep/insurancemarket
17/07/2012
Brazilian Insurance Market Overview — SUSEP
Página 3 de 6
INSURANCE MARKET PARTICIPATION IN THE GDP
These conditions provide a favorableenvironment for non-life insurance lines, benefited by the growth of economic activities as a whole, as well as for life insurance lines, a protection instrument which had lost its attractiveness during the economic instability period.
PREMIUMS GROWTH BY LINE
The economic stability brought back also the possibility of adoption of the national currency as a trustworthy value reference.Consequently, the investment-making decision process performed by economic agents became more transparent, increasing confidence and overall credibility in the system. The increase of the competitiveness and the new opportunities of business as well as the search for operational results, instead of financial results, imposed on the companies the need for more efficiency. Fusions and acquisitions werestimulated, promoting the market consolidation process and operational and scale gains for the companies, resulting in lower premium rates and expansion of activities.
http://www.susep.gov.br/english-susep/insurancemarket
17/07/2012
Brazilian Insurance Market Overview — SUSEP
Página 4 de 6
The opening of the market to foreign participants in 1996 has permitted the transfer of capital...
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