Brazil Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in Brazil industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Brazilian non-life insurance market had total gross written premiums of $30 billion in 2022, representing a compound annual growth rate (CAGR) of 7.9% between 2017 and 2022.
- The Motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $11.6 billion, equivalent to 38.6% of the market's overall value.
- The Brazilian rising inflation drives up insurance costs for consumers, and it has a specific impact on non-life insurance companies by increasing claim costs.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in Brazil
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Brazil
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Brazil non-life insurance market with five year forecasts by both value and volume
- What was the size of the Brazil non-life insurance market by value in 2022?
- What will be the size of the Brazil non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Brazil non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitors in Brazil's non-life insurance market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What strategies do leading players follow?
- 7.4. What has been the rationale behind recent M&A activity?
- 7.5. How has the COVID-19 outbreak impacted the market?
- 8 Company Profiles
- 8.1. Banco Bradesco SA
- 8.2. Mapfre SA
- 8.3. Porto Seguro SA
- 8.4. Zurich Insurance Group Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Brazil non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Brazil non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Brazil non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Brazil non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Brazil non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Brazil non-life insurance market share: % share, by value, 2022(e)
- Table 7: Banco Bradesco SA: key facts
- Table 8: Banco Bradesco SA: Annual Financial Ratios
- Table 9: Banco Bradesco SA: Key Employees
- Table 10: Banco Bradesco SA: Key Employees Continued
- Table 11: Mapfre SA: key facts
- Table 12: Mapfre SA: Annual Financial Ratios
- Table 13: Mapfre SA: Key Employees
- Table 14: Mapfre SA: Key Employees Continued
- Table 15: Porto Seguro SA: key facts
- Table 16: Porto Seguro SA: Annual Financial Ratios
- Table 17: Porto Seguro SA: Key Employees
- Table 18: Zurich Insurance Group Ltd: key facts
- Table 19: Zurich Insurance Group Ltd: Annual Financial Ratios
- Table 20: Zurich Insurance Group Ltd: Key Employees
- Table 21: Zurich Insurance Group Ltd: Key Employees Continued
- Table 22: Brazil size of population (million), 2018–22
- Table 23: Brazil gdp (constant 2005 prices, $ billion), 2018–22
- Table 24: Brazil gdp (current prices, $ billion), 2018–22
- Table 25: Brazil inflation, 2018–22
- Table 26: Brazil consumer price index (absolute), 2018–22
- Table 27: Brazil exchange rate, 2017–21
- List of Figures
- Figure 1: Brazil non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Brazil non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Brazil non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Brazil non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in Brazil, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Brazil, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Brazil, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Brazil, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Brazil, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Brazil, 2022
- Figure 11: Brazil non-life insurance market share: % share, by value, 2022(e)
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