Life Insurance & Pension in Brazil
Summary
Life Insurance & Pension in Brazil industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
- The Brazilian life insurance & pension market recorded gross written premiums of $44.8 billion in 2023, representing a compound annual growth rate (CAGR) of 3.2% between 2018 and 2023.
- The life insurance segment accounted for the market's largest proportion in 2023, with total gross written premiums of $32.7 billion, equivalent to 73% of the market's overall value.
- The growing economy has been a significant driver for the life insurance & pension market, as economic expansion translates to higher employment, improved wages, and greater financial stability, prompting individuals to invest in life insurance products for long-term security. According to the Instituto Brasileiro de Geografia e Estatistica (IBGE), the real GDP annual growth of Brazil stood at 2.9% in 2023.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance & pension market in Brazil
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in Brazil
- Leading company profiles reveal details of key life insurance & pension market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Brazil life insurance & pension market with five year forecasts by both value and volume
- What was the size of the Brazil life insurance & pension market by value in 2023?
- What will be the size of the Brazil life insurance & pension market in 2028?
- What factors are affecting the strength of competition in the Brazil life insurance & pension market?
- How has the market performed over the last five years?
- Who are the top competitors in Brazil's life insurance & pension 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 are the strategies of the leading players?
- 7.4. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. Banco Bradesco SA
- 8.2. CaixaBank SA
- 8.3. 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 life insurance & pension market value: $ billion, 2018-23
- Table 2: Brazil life insurance & pension market category segmentation: % share, by value, 2018-23
- Table 3: Brazil life insurance & pension market category segmentation: $ billion, 2018-23
- Table 4: Brazil life insurance & pension market geography segmentation: $ billion, 2023
- Table 5: Brazil life insurance & pension market value forecast: $ billion, 2023-28
- Table 6: Brazil life insurance & pension market share: % share, by value, 2023
- 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: CaixaBank SA: Key Facts
- Table 12: CaixaBank SA: Annual Financial Ratios
- Table 13: CaixaBank SA: Key Employees
- Table 14: CaixaBank SA: Key Employees Continued
- Table 15: Zurich Insurance Group Ltd: Key Facts
- Table 16: Zurich Insurance Group Ltd: Annual Financial Ratios
- Table 17: Zurich Insurance Group Ltd: Key Employees
- Table 18: Zurich Insurance Group Ltd: Key Employees Continued
- Table 19: Brazil Size of Population (million), 2019-23
- Table 20: Brazil Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 21: Brazil GDP (Current Prices, $ Billion), 2019-23
- Table 22: Brazil Inflation, 2019-23
- Table 23: Brazil Consumer Price Index (Absolute), 2019-23
- Table 24: Brazil Exchange Rate, 2018-23
- List of Figures
- Figure 1: Brazil life insurance & pension market value: $ billion, 2018-23
- Figure 2: Brazil life insurance & pension market category segmentation: $ billion, 2018-23
- Figure 3: Brazil life insurance & pension market geography segmentation: % share, by value, 2023
- Figure 4: Brazil life insurance & pension market value forecast: $ billion, 2023-28
- Figure 5: Forces driving competition in the life insurance & pension market in Brazil, 2023
- Figure 6: Drivers of buyer power in the life insurance & pension market in Brazil, 2023
- Figure 7: Drivers of supplier power in the life insurance & pension market in Brazil, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in Brazil, 2023
- Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in Brazil, 2023
- Figure 10: Drivers of degree of rivalry in the life insurance & pension market in Brazil, 2023
- Figure 11: Brazil life insurance & pension market share: % share, by value, 2023
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