Brazil Insurance Report Q3 2009
Published By: Business Monitor International
June 2009
R302-6616
Online Download $495.00
Description

This report was written in late May 2009. Relative to the Q209 report, the main changes pertain to theprofiles of companies - both regional and predominantly local - which have been updated considerably.We have also included a brief overview of conditions - and development of premium income - throughQ109. This is based on comments made by major (mainly listed) companies which became available (forthe most part) from mid-May. We hope to build on this section in terms of detail.
As we explain, Q109 was in many ways a challenging but far from disastrous quarter for the majorprotagonists in most markets. Notwithstanding the fact that particular non-life markets suffered as a resultof a slump in the number of cars registered, and correspondingly lower demand for compulsory thirdparty motor (CTPM) insurance and voluntary motor insurance, global non-life premiums generally heldup well in spite of the global economic downturn. In contrast, life premiums were, in most markets, lowerin Q109 than they had been in Q108. This was largely the result of the past volatility in global equitymarkets, although there were also other problems. Conditions remain fair in the global reinsurancemarket.
In terms of the major regions whose insurance markets are covered by BMI’s reports, Latin America andthe Middle East and North Africa stood out in terms of growth in premiums (in non-life insurance inparticular, but also in life insurance). Conditions were far more mixed in Central and Eastern Europe(particularly in non-life insurance, where the downturn in car registrations hit hard) and Asia Pacific(where various factors caused slippage in life premiums in many markets).
Revision Of Data And Forecasts
We have updated the insurance data for 2008 - and our forecasts for the next five years. In many cases,preliminary or final figures for last year have been published by the regulator or the trade association. Insome cases, we have estimated figures for 2008, but only on the basis of information that has beenpublished in relation to a significant portion of the year. It should also be noted that, in some cases wehave based our 2008 estimate on results disclosed by individual companies operating in the market inquestion.
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Table of Contents
- Executive Summary
- The Sector At A Glance
- Table: Overview Of Brazil’s Insurance Sector
- Key Insights On Brazil’s Insurance Sector
- SWOT Analysis
- Brazil Insurance Industry SWOT
- Brazil Political SWOT
- Brazil Economic SWOT
- Brazil Business Environment SWOT
- Global Overview
- Global Review Of Q109
- The Global Financial Crisis
- Table: Selected European Countries: Budget And Current Account, 2008 (as % of GDP)
- Projections and Forecasts
- Table: Premiums, 2006-2013
- Projections And Drivers Of Growth
- Table: Growth Drivers, 2006-2013
- Country Update
- Macroeconomic Forecast
- Table: Brazil - Economic Activity, 2005-2013
- Political Outlook
- Insurance Business Environment Rating
- Table: Brazil’s Insurance Business Environment
- Table: Latin America Insurance Business Environment Rankings
- Regional Context
- Table: Non-Life Premiums In A Regional Context, 2008
- Table: Life Premiums In A Regional Context, 2008
- Table: Comparison Of Major Lines As % Of Non-Life Premiums, 2006
- Key Players In Brazil’s Insurance Industry
- Analysis Of Competitive Conditions
- Regional Overview
- Local Company Profiles
- Bradesco
- Itaú Seguros
- Unibanco AIG/Unibanco Seguros
- Brasilveículos
- SulAmérica
- Porto Seguros
- Regional Company Profiles
- AEGON
- AGF
- AIG
- Allianz
- AXA
- Cardif
- CNP
- Generali
- HDI-Gerling
- HSBC Insurance
- ING
- Liberty Mutual
- MAPFRE
- MetLife
- New York Life
- Prudential Financial
- QBE
- RSA
- The Hartford
- The Principal
- Zurich
- Country Snapshot: Brazil Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2000-2003
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 1999-2004
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Wages, 1996-2002
- Methodology
- Basis Of Projections
- Insurance Business Environment Rating
- Table: Insurance Business Environment Indicators And Rationale
- Table: Weighting Of Indicators
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