2012-09-12 04:29:18 - Life Insurance in Brazil, Key Trends and Opportunities to 2016: Post Retirement Products to Record Double Digit Growth - a new market research report on companiesandmarkets.com

Brazil remains a largely untapped market with 70% of the employed population being uninsured. The growth of the Brazilian life insurance market was driven by the significant increase in sales of deferred annuity products for individuals, also known as Vida Gerador de Benefícios Livres (VGBL).

The Brazilian life insurance market is dominated by private banks that own and control the leading insurance companies. In 2011, bancassurance represented the largest distribution channel for life insurance and pension products. In 2011, the individual pension category was the largest in terms of written premium with a total market share of 79.7%.

The regulatory environment is expected to become more restrictive following new proposals by the Superintendência de Seguros Privados (SUSEP), the Superintendence of Private Insurance.

 

 

SUSEP has announced plans to tighten the solvency rules for life insurance companies, and plans to increase the minimum retained capital for these companies which are currently very low.

Report Scope

This report provides a comprehensive analysis of the life insurance market in Brazil:

• It provides historical values for Brazil´s life insurance market for the report´s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in Brazil´s life insurance market, along with market forecasts until 2016
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
• It analyses the various distribution channels for life insurance products in Brazil
• Using Porter´s industry-standard "Five Forces" analysis, it details the competitive landscape in Brazil for the life insurance business
• It provides a detailed analysis of the reinsurance market in Brazil and its growth prospects
• It profiles the top life insurance companies in Brazil, and outlines the key regulations affecting them

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