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Synopsis
Timetric's 'Life Insurance in Brazil, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Brazilian life insurance segment.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2010-2014) and forecast period (2014-2019).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of Brazil's economy and demographics, and provides detailed information on the country's competitive landscape.
The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.
Summary
Timetric's 'Life Insurance in Brazil, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Brazilian life insurance segment, including:
The Brazilian life insurance segment's growth prospects by life insurance category
Key trends, drivers and challenges for the life insurance segment
A comprehensive overview of Brazil's economy and demographics
The various distribution channels in the Brazilian life insurance segment
Details of the competitive landscape in the life insurance segment in Brazil
Details of regulatory policy applicable to the Brazilian insurance industry
Scope
This report provides a comprehensive analysis of the life insurance segment in Brazil:
It provides historical values for the Brazilian life insurance 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 the Brazilian life insurance segment, and market forecasts to 2019.
It analyzes the various distribution channels for life insurance products in Brazil.
It profiles the top life insurance companies in Brazil, and outlines key regulations affecting them.
Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Brazilian life insurance segment and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Brazilian life insurance segment.
Assess the competitive dynamics in the life insurance 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 life segment accounted for 25.5% of the Brazilian insurance industry's total gross written premium in 2014.
The segment grew at a CAGR of 11.5% during the review period, driven by a rise in disposable income and tax incentives.
The Brazilian life insurance segment was led by pension insurance in 2014, which contributed 36.6% of the total life gross written premium.
The Free Benefit-Generator Plan (Plano Gerador de Benefício Livre - PGBL) and the Free Benefit Plan (Vida Gerador de Benefício Livre -VGBL) are the most common open pension plans in the country.
Several insurers are also focusing on micro insurance to meet the needs of low-income customers.
Many Brazilian insurers are co-promoted by commercial banks with extensive branch networks; as a result, bancassurance is expected to perform well over the forecast period.
The segment will continue to grow, due to the segment's low insurance penetration rate of 0.61% in 2014, and the rising incomes of the middle-class population.