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Synopsis
Timetric's 'Reinsurance in the Brazil, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Brazilian reinsurance segment.
It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2010-2014) and forecast period (2014-2019).
The report also analyzes information pertaining to the competitive landscape in the country, gives a comprehensive overview of Brazil's economy and demographics, and provides detailed analysis of natural hazards and their impact on the Brazilian insurance industry.
This report brings together Timetric's research, modeling, and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.
Summary
Timetric's 'Reinsurance in the Brazil, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Brazilian reinsurance segment, including:
The Brazilian reinsurance segment's growth prospects by reinsurance category
The Brazilian reinsurance segment's growth prospects by reinsurance ceded from direct insurance
A comprehensive overview of Brazil's economy and demographics
Detailed analysis of natural hazards and their impact on the Brazilian insurance industry
The competitive landscape in the Brazilian reinsurance segment
Scope
This report provides a comprehensive analysis of the reinsurance segment in Brazil:
It provides historical values for Brazil's reinsurance segment for the report's 2010-2014 review period, and projected figures for the 2014-2019 forecast period.
It offers a detailed analysis of the key categories in Brazil's reinsurance segment, and market forecasts to 2019.
It provides detailed analysis of the reinsurance ceded from various direct insurance segments in Brazil, and the segment's growth prospects.
Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Brazilian reinsurance segment and each sector within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Brazilian reinsurance segment.
Identify growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Brazilian insurance industry, and their impact on companies and the industry's future.
Key Highlights
The Brazilian reinsurance segment was opened to domestic and foreign reinsurers in 2008, ending the monopoly of the state-owned reinsurer, IRB Re. Reinsurers could operate in the country as either local, admitted or occasional reinsurers.
The complex and restrictive nature of regulations limited growth for the reinsurance segment.
However, according to National Council of Private Insurance (CNSP) Resolution No. 325/2015, which replaced Resolution 322 in August 2015, compulsory cession rates in the country will be reduced to 15%, while cession rates for captive reinsurers will be gradually increased to reach 75% by December 31, 2020.
The fast-growing Brazilian reinsurance segment attracted international insurance and reinsurance brokers during the review period.
The country's other leading reinsurers also experienced the rising potential of parametric insurance in Brazil.
Consolidation through mergers and acquisitions is expected among admitted and occasional reinsurers, particularly among smaller operators.