South America Life Insurance Market to 2027
Summary
Life Insurance in South America industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 market is segmented into Life Insurance and Pension/Annuity.
- The South American life insurance market had total gross written premiums of $52.5 billion in 2022, representing a compound annual growth rate (CAGR) of 6.3% between 2017 and 2022.
- The life insurance segment accounted for the market's largest proportion in 2022, with total gross written premiums of $27.8 billion, equivalent to 52.9% of the market's overall value.
- In 2022, the South American life insurance market witnessed an annual growth of 12.9%. The market growth is driven by the economies of the participating countries performing better than anticipated and the shift in the major central banks' monetary policy, which has improved the interest rate environment suitable for marketing annuity and life savings products.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in South America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in South America
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South America life insurance market with five year forecasts
- What was the size of the South America life insurance market by value in 2022?
- What will be the size of the South America life insurance market in 2027?
- What factors are affecting the strength of competition in the South America life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up South America's 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 the leading players follow?
- 7.4. What has been the rationale behind recent M&A activity?
- 8 Company Profiles
- 8.1. Bradesco Seguros SA
- 8.2. Brasilprev Seguros e Previdencia SA
- 8.3. Caixa Economica Federal
- 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: South America life insurance market value: $ billion, 2017–22
- Table 2: South America life insurance market category segmentation: % share, by value, 2017–2022
- Table 3: South America life insurance market category segmentation: $ billion, 2017-2022
- Table 4: South America life insurance market geography segmentation: $ billion, 2022
- Table 5: South America life insurance market value forecast: $ billion, 2022–27
- Table 6: South America life insurance market share: % share, by value, 2022
- Table 7: Bradesco Seguros SA: key facts
- Table 8: Bradesco Seguros SA: Key Employees
- Table 9: Brasilprev Seguros e Previdencia SA: key facts
- Table 10: Brasilprev Seguros e Previdencia SA: Key Employees
- Table 11: Caixa Economica Federal: key facts
- Table 12: Caixa Economica Federal: Key Employees
- Table 13: Zurich Insurance Group Ltd: key facts
- Table 14: Zurich Insurance Group Ltd: Annual Financial Ratios
- Table 15: Zurich Insurance Group Ltd: Key Employees
- Table 16: Zurich Insurance Group Ltd: Key Employees Continued
- Table 17: South America exchange rate, 2018–22
- List of Figures
- Figure 1: South America life insurance market value: $ billion, 2017–22
- Figure 2: South America life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: South America life insurance market geography segmentation: % share, by value, 2022
- Figure 4: South America life insurance market value forecast: $ billion, 2022–27
- Figure 5: Forces driving competition in the life insurance market in South America, 2022
- Figure 6: Drivers of buyer power in the life insurance market in South America, 2022
- Figure 7: Drivers of supplier power in the life insurance market in South America, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in South America, 2022
- Figure 9: Factors influencing the threat of substitutes in the life insurance market in South America, 2022
- Figure 10: Drivers of degree of rivalry in the life insurance market in South America, 2022
- Figure 11: South America life insurance market share: % share, by value, 2022
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