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Follow on Google News | Brazil Insurance Report Q4 2010: New research report available at Fast Market ResearchRecently published research from Business Monitor International, "Brazil Insurance Report Q4 2010", is now available at Fast Market Research
For BMI's purposes, the non-life segment includes the consolidated insurance figures published by SUSEP except for VGBL products, which are a subset of personal lines that belong to the life segment. We consider that the Brazilian non-life segment also includes the health insurance premiums disclosed by the ANS. Meanwhile, we consider the life segment to consist of three elements: VGBL premiums, private pension contributions (which are dominated by premiums for PGBL products) and contributions to Capitalizacao savings bonds. Taking this approach, we consider that total insurance premiums amounted to BRL157.33bn in 2009. This included non-life premiums of BRL108.84bn and life premiums of BRL48.48bn. Our forecasts suggest that the corresponding figures in 2014 will be BRL264.10bn, BRL181.01bn and BRL83.09bn. In terms of the key drivers that underpin our forecasts, we are looking for non-life penetration to rise from 3.53% of GDP in 2009 to 4.00%. These figures are relatively high by the standards of developing countries with Brazil's per capita GDP: however, as noted above, they are inflated by the inclusion of health insurance premiums. We look for life density to rise from US$125 per capita in 2009 to US$242 in 2014. BMI's Insurance Business Environment Rating (IBER) for Brazil is 67.4 out of 100. We include a discussion of developments within regional markets, on the basis of results published by major cross-border companies in relation to Q209 or Q309 and the latest information provided by regulators and/or trade associations. The first nine months of 2009 were an excellent period for Spain's MAPFRE, arguably the leading cross-border insurance group in Latin America. In October 2009 MAPFRE signed a memorandum of understanding with Banco do Brasil to establish a strategic alliance in the personal, property and motor lines in Brazil. Brazil's insurance sector is the beneficiary of several major trends. Perhaps the most important is the general improvement in investors' perceptions of risks associated with the country. The overall tendency towards lower long-term interest rates and stronger currency helps in several ways. Greater economic stability is conducive to the development of non-life insurance, and greater availability of long-term local currency assets is helpful for the development of organised savings. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary - Table: Overview Of Brazil's Insurance Sector - Key Insights On Brazil's Insurance Sector - Issues To Watch SWOT Analysis - Brazil Insurance Industry SWOT - Brazil Political SWOT - Brazil Economic SWOT - Brazil Business Environment SWOT MetLife's Acquisition Of ALICO - Table: ALICO At A Glance - Table: ALICO's Pre-Tax Profits By Segment And Region Contribution, Year To November 30 2009 (%) - Table: ALICO - A Market Leader In Japan - Table: MetLife's Acquisition Of ALICO - Table: MetLife And ALICO Combined Regional Overview - Table: MAPFRE AMeRICA's Gross Written Premiums, 2008 And 2009* (EURmn) Projections And Forecasts - Table: Premiums, 2007-2014 - Projections And Drivers Of Growth - Table: Growth Drivers, 2007-2014 Country Update - Table: Brazil - Economic Activity - Political Outlook Insurance Business Environment Rating - Table: Brazil's Insurance Business Environment - Table: Latin America And Caribbean Insurance Business Environment Ratings Regional Context - Table: Non-Life Premiums In A Regional Context, 2009 - Table: Life Premiums In A Regional Context, 2009 Key Players In Brazil's Insurance Industry - Table: Principal Insurance Lines - Gross Written Premiums, January-August 2009 (BRLmn) - Table: Insurance Companies By Gross Written Premiums, January-August 2009 (BRLmn) Analysis Of Regional Competitive Conditions Company Profiles - Bradesco - Brasilveiculos - Itau Seguros - Porto Seguro - Table: Porto Seguro's Financial Results, Nine Months Ending September 2009 - SulAmerica Regional Company Profiles - ALICO - Allianz - Cardif - CNP - Generali - HSBC Insurance - ING - Liberty Mutual - MAPFRE - MetLife - New York Life - Prudential Financial - QBE - RSA - Zurich BMI Methodology - Insurance Business Environment Ratings - Table: Insurance Business Environment Indicators And Rationale - Table: Weighting Of Indicators About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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