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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Brazilian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Brazil's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Brazilian non-life (P&C) market as well as trends by line of business. Axco analysts also report on Brazil's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Brazil's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Brazil, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Brazil, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Brazil with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Brazil is the largest insurance market in Latin America, with total non-life premium income in 2019 of BRL 72.16bn (USD 18.29bn). This was an increase of just 0.82% compared to 2018, well below the rate of inflation of 3.73%. Personal accident business written by non-life insurers, which is classified as life business, amounted to BRL 5.93bn (USD 1.5bn), up by 6.84% over 2018.
A total of 79 non-life insurance companies reported direct premiums ....
This is a brief extract of information; more updated information may be available in the latest published report
