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 América 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 Superintendência 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.

Report Scope

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

• It provides historical values for Brazil´s non-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 non-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 non-life insurance products in Brazil
• Using Porter´s industry-standard "Five Forces" analysis, it details the competitive landscape in Brazil for the non-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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