Research and Markets: The Size of Brazil's Life Insurance Market Is Expected To Increase from BRL61.3 Billion (USD35.0 Billion) In 2011 says New Report

DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/64b676/life_insurance_in) has announced the addition of the "Life Insurance in Brazil, Key Trends and Opportunities to 2015" report to their offering.

The report provides top-level market analysis, information and insights relating to the Brazilian life insurance industry, including:

• The Brazilian life insurance industry's growth prospects by product category and customer segment
• The various distribution channels in the Brazilian life insurance industry
• The competitive landscape in the life insurance industry
• A description of the life reinsurance market in Brazil

The insurance industry in the country has expanded significantly over the last decade, driven by strong macroeconomic and microeconomic fundamentals, rising consumer awareness of insurance products, a partial relaxation of regulatory restrictions, and liberalization of the industry to allow foreign competition. However, despite this industry expansion, Brazil remains a largely untapped market with 70 percent of the employed population being uninsured. Low insurance penetration, with total life, pension and property and accident insurance premiums representing three percent of the country's GDP, is an opportunity for insurance companies to explore.

Key Highlights

• The size of Brazil's life insurance market is expected to increase from BRL61.3 billion (USD35.0 billion) in 2011 to BRL98.8 billion (USD56.4 billion) in 2015, at a CAGR of 12.3 percent.
• Bancassurance will drive growth in the industry as more of the population gains access to formal banking channels.
• In 2010, the individual pension was the largest segment and accounted for 79.7% of the total Brazilian life insurance industry
• The regulatory environment is expected to become more restrictive following new proposals by the Superintendencia de Seguros Privados.

Companies Mentioned:

• Bradesco Seguros SA
• Ita Unibanco Holding SA
• Banco do Brasil
• Santander Seguros SA
• Caixa Geral de Depositos Group
• Mapefre Life
• Metropolitan Life Seguros e Previdencia
• Icatu Hartford
• Sul America Companhia de Seguros Gerais

For more information visit http://www.researchandmarkets.com/research/64b676/life_insurance_in.