Brazil Insurance Report - Business Monitor International - Industry Reports

Brazil Insurance Report

Brazil Insurance Report - Business Monitor International - Industry Reports
Brazil Insurance Report
Published Aug 13, 2016
57 pages — Published Aug 13, 2016
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

< ALACRA META ABSTRACT>BMI View: Brazil s insurance industry has continued to grow despite the combined effects of low economic growth and high inflation on the country s wider financial services sector. The core drivers of growth over recent years have been the expansion of the middle class, combined with an ageing population which, together, have supported demand for personal insurance products, such as life, health and motor insurance. ...As the country s economic downturn begins to bottom out, we see opportunities for investors and new entrants over the next few years. Brazil s composite insurers (many of which are subsidiaries of banking groups), have become increasingly amenable to mergers and partnerships with overseas firms as they look to shore up their balance sheets, and we expect to see merger and acquisition activity increasing over the coming months. Table: Headline Insurance Forecasts (Brazil ---------) ---- ---- ----e ----f ----f ----f ----f ----f Gross life premiums written, BRLbn --.-- --.-- --.-- --.-- --.-- --.-- --.-- ---.-- Gross life premiums written, BRL, y-o-y --.- -.- -.- -.- -.- -.- -.- -.- Gross life premiums written, USDbn --.-- --.-- --.-- --.-- --.-- --.-- --.-- --.-- Gross life premiums written, USD, y-o-y --.- --.- ---.- ---.- -.- -.- -.- -.- Gross non-life premiums written, BRLbn ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- Gross non-life premiums written, BRL, y-o-y --.- --.- -.- -.- -.- -.- -.- -.- Gross non-life premiums written, USDbn --.-- --.-- --.-- --.-- --.-- --.-- --.-- --.-- ...Brazil s composite insurers (many of which are subsidiaries of banking groups), have become increasingly amenable to mergers and partnerships with overseas firms as they look to shore up their balance sheets, and we expect to see merger and acquisition activity increasing over the coming months. Table: Headline Insurance Forecasts (Brazil ---------) ---- ---- ----e ----f ----f ----f ----f ----f Gross life premiums written, BRLbn --.-- --.-- --.-- --.-- --.-- --.-- --.-- ---.-- Gross life premiums written, BRL, y-o-y --.- -.- -.- -.- -.- -.- -.- -.- Gross life premiums written, USDbn --.-- --.-- --.-- --.-- --.-- --.-- --.-- --.-- Gross life premiums written, USD, y-o-y --.- --.- ---.- ---.- -.- -.- -.- -.- Gross non-life premiums written, BRLbn ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- ---.-- Gross non-life premiums written, BRL, y-o-y --.- --.- -.- -.- -.- -.- -.- -.- Gross non-life premiums written, USDbn --.-- --.-- --.-- --.-- --.-- --.-- --.-- --.--

...Life expectancy for women in Brazil is currently around -- years. ...These figures are not likely to change much over the course of the forecast period. The number of people who are aged over -- - or, more simply, who are older than the life expectancy - is expected to grow over the course of the forecast period, from about -mn currently to just over -mn at the end of the forecast period. In the context of a country with a total population of around ---mn, these are not large numbers. ...Data in relation to household income highlights the diversity - or rather the inequality - of Brazilian society. Nevertheless, the increase in the absolute number of households with annual incomes that exceed USD--,--- per annum suggests that life insurers (especially in relation to VGBL and PGBL savings products) and health insurers should be able to achieve volume growth through the forecast period.

...Brazil s life insurance market will see the benefits of a gradual uplift in the economy over H--- and into ---- as the current downtown begins to bottom out, resulting in stronger levels of discretionary spending by households. Longer-term growth of the sector will continue to be driven by the low penetration of life insurers in the country, allowing for further demand given the size and continued expansion of the country s middle class. ...For this to happen, however, inflation would need to fall - given that it remains a constraint on the disposable income (and, therefore, ability to save) of low-income groups. At present, BMI s Country Risk team are looking for consumer price inflation to average -.- through ----, though this is expected to fall to -.- next year due to the continued tight monetary policy of Brazil s central bank. Another wildcard is a recovery in the Brazilian stock market. ...

  
Source:
Document ID
1750-5615
Country
Industry
Format:
PDF Adobe Acrobat
Buy Now

Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Brazil Insurance Report" Aug 13, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Brazil-Insurance-Report-2026-387>
  
APA:
Business Monitor International - Industry Reports. (2016). Brazil Insurance Report Aug 13, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Brazil-Insurance-Report-2026-387>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.