Insurance Industry Report

Publication date: April 2018

Falke Insurance Industry Report

Full Insurance Report: US$ 795
The Brazilian insurance sector was worth US$ 255 billion in assets, dropped to US$ 212 billion and in 2015, but recovered and is estimated to reach US$ 285 billion in assets and US$ 29 billion in premiums in 2018, the equivalent to 4.7% of GDP. The market is composed of two main player categories: independent insurance groups and large banking conglomerates, the latter showing higher claims index but lower sales index. Car insurance was the predominant modality in the early 2000 but VGBL has gained relevance and currently represents over 40% of premiums. Although reinsurance is a new segment in Brazil, it is showing signs of potential for the near future.

This report briefly analysis the market in Brazil, main products and players’ performance, insurance segments, as well as an overview of reinsurance.

Insurance Industry Report sections

1. Retrospective of the Brazilian economy
- GDP evolution and breakdown (2014-2017), inflation rate (2001-2017) & growth
- Unemployment and real minimum wage (2007-2017)
- Total credit volume and market interest rate (2008-2017)
- Foreign trade and main foreign exchange rates (2008-2017)
- Brazilian tax burden (2007-2016) and sovereign risk (2002-2017)
- Evolution of IPOs and their impact on the stock exchange (2005-2017)
- Public debt and foreign solvency (2006-2017)
- Evolution and forecast of main economic indicators (2013-2019)

2. Overview and evolution of the Brazilian insurance sector
- Brief history of the insurance sector in Brazil
- Evolution of the insurance sector in assets, equity, premiums and margin (2009-2018)
- Share on national GDP and premium breakdown in product categories (2007-2018)
- Evolution of claims, sales and combined indices in Brazil (2009-2018)
- Geographic footprint of insurance companies and premium ranking of top 10 groups (2017)
- Geographic insurance sales portfolio per product category in Brazil (2017)
- Insurance sales portfolio in top 8 Brazilian states (2017)
- Overview of health insurers in terms of geographic footprint and breakdown of beneficiaries (2017)
- Geographic breakdown of health insurance beneficiaries per age group (2017)

3. Main insurance players and comparative analysis
- Main consolidated financial figures for the top 12 insurance groups in Brazil (2017)
- Overview and comparison of independent and banking insurance groups in Brazil (2017)
- Strengths, weaknesses and examples of the two insurance group categories in Brazil (2017)
- Comparison of independent and banking insurance groups in claims, sales and ROE (2009-2017)
- ROE vs. Equity size chart for independent and for banking insurance groups (2017)
- Claims vs. sales index chart for the top 12 insurance groups in Brazil (2017)
- Geographic sales portfolio for the top 10 insurance conglomerates in Brazil (2017)
- Product category portfolio for the top 10 insurance conglomerates in Brazil (2017)
- Market share vs. share on revenue positioning for the top car insurance groups (2017)
- Market share vs. share on revenue positioning for the top VGBL insurance groups (2017)
- Market share vs. share on revenue positioning for the top personal insurance groups (2017)
- Market share vs. share on revenue positioning for the top property insurance groups (2017)

4. Emergence of the Brazilian reinsurance segment
- Evolution of the Brazilian insurance industry and main reinsurance milestones (1996-2018)
- Main entrants and entry strategy for selected reinsurance groups in Brazil
- Retained premiums of the Brazilian reinsurance sector per category (2009-2017)
- Business portfolio for the largest reinsurance groups in 2017
- SWOT analysis for the reinsurance segment in Brazil