Brazil reinsurance market: Written premiums forecast to grow 6.8% between 2012-2017
Reinsurance in Brazil, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-22 01:47:01
The Brazil reinsurance market is highly competitive and cheaper than many of its neighboring countries. The main reason behind such low pricing structures is the minimal occurrence of natural disasters.
Due to the high levels of competition, the reinsurance segment is growing faster than the insurance segment. Infrastructural investment and Brazil´s expanding middle class population are creating positive growth opportunities.
The Brazilian reinsurance segment grew at a CAGR of 0.1% during the review period. The written premium of the reinsurance segment is projected to record a CAGR of 6.8% over the forecast period. Regulatory requirements to act as a key growth driver for reinsurance.
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