2012-09-12 04:31:16 - Non-Life Insurance in Brazil, Key Trends and Opportunities to 2016: New Loss Liability Provisioning Norms to Increase Reserves Requirement - a new market research report on companiesandmarkets.com
The Brazilian non-life insurance market experienced significant growth driven by a robust economy, increasing awareness and growing motor, property and construction markets. Corporate broking companies are the dominant distribution channel in the non-life insurance market, accounting for 72.4% of the overall market value.
The non-life insurance market in Brazil is highly concentrated with the top ten companies accounting for 66.7% of the market value in 2010. Non-life insurance companies controlled by banks, such as Banco Bradesco SA and Itau Unibanco Holding SA, collectively accounted for a market share of 23.2%. Other leading companies include independent private insurance companies, such as Porto Seguro SA, Sul AmÃ©rica Companhia De Seguros Gerais and Caixa Seguradora SA, and foreign companies, such as Mapfre Seguros, Allianz
do Brazil and Liberty Seguros SA.
The regulatory environment for non-life insurance companies is expected to become more restrictive in the light of new regulatory proposals by the SuperintendÃªncia de Seguros Privados (SUSEP). In an effort to implement a risk-based supervisory regime in line with international standards and practices, SUSEP recently announced stricter regulations for risk management covering the non-life insurance market.
This report provides a comprehensive analysis of the non-life insurance market in Brazil:
â¢ It provides historical values for Brazil´s non-life insurance market for the report´s 2007â2011 review period and forecast figures for the 2012â2016 forecast period
â¢ It offers a detailed analysis of the key sub-segments in Brazil´s non-life insurance market, along with market forecasts until 2016
â¢ 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
â¢ It analyses the various distribution channels for non-life insurance products in Brazil
â¢ Using Porter´s industry-standard "Five Forces" analysis, it details the competitive landscape in Brazil for the non-life insurance business
â¢ It provides a detailed analysis of the reinsurance market in Brazil and its growth prospects
â¢ It profiles the top life insurance companies in Brazil, and outlines the key regulations affecting them
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