Personal Accident and Health Insurance in Brazil, Key Trends and Opportunities to 2018

Published: Aug, 2014 | Pages: 249 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in depth market analysis, information and insights into the Brazilian personal accident and health insurance segment, including:
The Brazilian personal accident and health insurance segment's growth prospects by insurance categories 
Key trends and drivers for the personal accident and health insurance segment 
The various distribution channels in the Brazilian personal accident and health insurance segment
The detailed competitive landscape in the personal accident and health insurance segment in Brazil
Detailed regulatory policies of the Brazilian insurance industry
A description of the personal accident and health reinsurance segment in Brazil
Porter's Five Forces analysis of the personal accident and health insurance segment
A benchmarking section on the Brazilian personal accident and health  insurance segment in comparison with other countries in the BRICS region 

Summary
The personal accident and health insurance segment is the smallest in the industry, accounting for 15.2% of the industry's gross written premium in 2013. Every Brazilian and foreigner residing in the country has access to the country's SUS.  However, due to perceived inadequacies, the rich and the middle classes are increasingly using private healthcare services. As on 2013, more than 25% of Brazilians had private health insurance. The gross written premium registered by the segment rose during the review period. 
Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Brazil:
It provides historical values for the Brazilian personal accident and health insurance segment for the report's 2009-2013 review period and forecast figures for the 2013-2018 forecast period.
It offers a detailed analysis of the key sub-segments in Brazilian personal accident and health insurance segment, along with market forecasts until 2018.
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
It analyses the various distribution channels for personal accident and health insurance products in Brazil.
Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Brazil for the personal accident and health insurance segment.
It provides a detailed analysis of the reinsurance segment in Brazil and its growth prospects.
It profiles the top personal accident and health insurance companies in Brazil and outlines the key regulations affecting them. 
Reason To Buy
 Make strategic business decisions using in depth historic and forecast market data related to the Brazilian personal accident and health insurance segment and each category within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Brazilian personal accident and health insurance segment
Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Brazilian insurance segment and its impact on companies and the market's future 
Key Highlights
 The personal accident and health insurance segment is the smallest in the industry, accounting for 15.2% of the industry's gross written premium in 2013.
The growing middle-class population and a high adult literacy rate of 90.4% will continue to create demand for quality healthcare services.
It is compulsory for expatriates to have health insurance in Brazil.
The Agencia Nacional de Saude (ANS), the regulator of Brazil's private healthcare market, micro-manages the category.
The personal accident and health insurance segment in Brazil is dominated by domestic health insurance companies.
The category is concentrated, with three leading companies accounting for 39.9% and the 10 leading companies representing 70.7% of the category's total gross written premiums in 2013.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regiol Market Dymics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Persol Accident and Health Insurance - Regiol Benchmarking
4.1 Overview
4.2 Scale and Penetration
4.2.1 Total market gross written premium
4.2.2 Premium per capita
4.2.3 Persol accident and health insurance penetration (as a percentage of GDP)
4.3 Growth
4.3.1 Gross written premium
4.3.2 Gross written premium per capita
4.4 Efficiency and Risk
4.4.1 Loss ratio
4.4.2 Incurred losses per capita
4.4.3 Incurred losses as a percentage of GDP
4.5 Distribution Channels
4.5.1 Direct marketing
4.5.2 Bancassurance
4.5.3 Agencies
5 Brazilian Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2009-2018
5.2 Key Industry Trends and Drivers
5.3 Challenges
5.4 Recent Market Developments
6 Persol Accident and Health Insurance Segment Outlook
6.1 Consumer Segmentation and Buying Behavior
6.2 Product and Marketing Strategies
6.3 Persol Accident and Health Insurance Growth Prospects by Category
6.3.1 Persol accident insurance
6.3.2 Travel insurance
6.3.3 Health insurance
7 Alysis by Distribution Channel
7.1 Direct Marketing
7.2 Bancassurance
7.3 E-Commerce
7.4 Brokers
7.5 Other Channels
8 Porter's Five Forces Alysis - Brazilian Persol Accident and Health Insurance
8.1 Bargaining Power of Suppliers: Medium
8.2 Bargaining power of Buyers: Medium
8.3 Barriers to Entry: Low
8.4 Intensity of Rivalry: High
8.5 Threat of Substitutes: Medium
9 Reinsurance Growth Dymics and Challenges
9.1 Reinsurance Segment Size, 2009-2018
9.2 Reinsurance Segment Size by Type of Insurance, 2009-2018
10 Governce, Risk and Compliance
1.1 Legislation Overview and Historical Evolution
1.2 Regulations by Type of Insurance
1.2.1 Life insurance regulations
1.2.2 Property insurance regulations
1.2.3 Motor insurance regulations
1.2.4 Marine, aviation and transit insurance regulations
1.2.5 Persol accident and health insurance regulations
1.3 Compulsory Insurance
1.3.1 Motor third-party liability insurance (DPVAT)
1.3.2 Insurance for persol injury caused by ships or cargos (DPEM)
1.3.3 Domestic credit insurance
1.4 Supervision and Control
1.4.1 Intertiol Association of Insurance Supervisors
1.4.2 Association of Insurance Supervisors Latin America
1.4.3 Superintendent of Private Insurance (SUSEP)
1.4.4 tiol Private Insurance Council
1.5 Non-Admitted Insurance Regulations
1.5.1 Overview
1.5.2 Intermediaries
1.5.3 Market practices
1.5.4 Fines and pelties
1.6 Company Registration and Operations
1.6.1 Types of insurance organization
1.6.2 Establishing a local company
1.6.3 Foreign ownership
1.6.4 Types of license
1.6.5 Capital requirements
1.6.6 Solvency margins
1.6.7 Reserve requirements
1.6.8 Investment regulations
1.6.9 Statutory return requirements
1.6.10 Fee structure
1.7 Taxation
1.7.1 Insurance premium or policy taxation
1.7.2 Withholding taxes on premium paid overseas
1.7.3 Corporate tax
1.7.4 VAT
1.7.5 Captives
1.8 Legal System
1.8.1 Introduction
1.8.2 Access to court
1.8.3 Altertive dispute resolution (ADR)
11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the Brazilian Persol accident category
11.3 Itau Seguros SA - Company Overview
11.3.1 Itau Seguros SA - key facts
11.4 Bradesco Vida e Previdencia SA- Company Overview
11.4.1 Bradesco Vida e Previdencia SA - key facts
11.5 Zurich Santander Seguros SA - Company Overview
11.5.1 Zurich Santander Seguros SA - key facts
11.6 Companhia de Seguros Alianca do Brasil - Company Overview
11.6.1 Companhia de Seguros Alianca do Brasil - key facts
11.7 HSBC Seguros (Brasil) SA - Company Overview
11.7.1 HSBC Seguros (Brasil) SA - key facts
11.8 Metropolitan Life Seguros e Previdencia Privada SA - Company Overview
11.8.1 Metropolitan Life Seguros e Previdencia Privada SA - key facts
11.9 Mapfre Affinity Seguradora SA - Company Overview
11.9.1 Mapfre Affinity Seguradora SA - key facts
11.1 Itau Vida e Previdencia SA - Company Overview
11.10.1 Itau Vida e Previdencia SA - key facts
11.11 Porto Seguro Cia de Seguros Gerais - Company Overview
11.11.1 Porto Seguro Cia de Seguros Gerais - key facts
11.12 Ace Seguradora SA - Company Overview
11.12.1 Ace Seguradora SA - key facts
11.13 Amil Assistencia Medica Interciol SA - Company Overview
11.13.1 Amil Assistencia Medica Interciol SA - key facts
11.14 Unimed Paulista - Company Overview
11.14.1 Unimed Paulista - key facts
12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend - BM&F BOVESPA, Sao Paulo, Brazil
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US$)
12.2.3 GDP at current prices (US$)
12.2.4 GDP per capita at current prices (US$)
12.2.5 GDP by key sector
12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
12.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
12.2.9 Manufacturing net output at current prices as a percentage of GDP
12.2.10 Mining, manufacturing and utilities at current prices (US$)
12.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
12.2.12 Construction net output at current prices, (US$)
12.2.13 Construction net output at current prices as a percentage of GDP
12.2.14 Inflation rate
12.2.15 Exports as a percentage of GDP
12.2.16 Imports as a percentage of GDP
12.2.17 Merchandise exports growth
12.2.18 Merchandise imports growth
12.2.19 Annual average exchange rate BRL-US$
12.3 Infrastructure
12.3.1 Commercial vehicles exports - total value
12.3.2 Commercial vehicles imports - total value
12.3.3 Automotive exports - total value
12.3.4 Automotive imports - total value
12.3.5 Total internet subscribers
12.4 Labor Force
12.4.1 Unemployment rate
12.5 Demographics
12.5.1 Gross tiol disposable income (US$)
12.5.2 Household consumption expenditure (US$)
12.5.3 Total population
12.5.4 Urban and rural populations
12.5.5 Age distribution of the total population
13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric's Services
13.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Brazilian Insurance - Gross Written Premium by Segment (BRL Billion), 2009-2013
Table 3: Brazilian Insurance - Gross Written Premium by Segment (US$ Billion), 2009-2013
Table 4: Brazilian Insurance - Gross Written Premium by Segment (BRL Billion), 2013-2018
Table 5: Brazilian Insurance - Gross Written Premium by Segment (US$ Billion), 2013-2018
Table 6: Brazilian Insurance - Segmentation (Percentage Share), 2009-2018
Table 7: Brazilian Insurance - Direct Written Premium by Segment (BRL Billion), 2009-2013
Table 8: Brazilian Insurance - Direct Written Premium by Segment (US$ Billion), 2009-2013
Table 9: Brazilian Insurance - Direct Written Premium by Segment (BRL Billion), 2013-2018
Table 10: Brazilian Insurance - Direct Written Premium by Segment (US$ Billion), 2013-2018
Table 11: Brazilian Insurance - Segmentation, Direct Written Premium (Percentage Share), 2009-2018
Table 12: Brazilian Persol Accident and Health Insurance - Written Premium by Category (BRL Billion), 2009-2013
Table 13: Brazilian Persol Accident and Health Insurance - Written Premium by Category (US$ Billion), 2009-2013
Table 14: Brazilian Persol Accident and Health Insurance - Written Premium by Category (BRL Billion), 2013-2018
Table 15: Brazilian Persol Accident and Health Insurance - Written Premium by Category (US$ Billion), 2013-2018
Table 16: Brazilian Persol Accident and Health Insurance - Direct Written Premium by Category (BRL Billion), 2009-2013
Table 17: Brazilian Persol Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2009-2013
Table 18: Brazilian Persol Accident and Health Insurance - Direct Written Premium by Category (BRL Billion), 2013-2018
Table 19: Brazilian Persol Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2013-2018
Table 20: Brazilian Persol Accident and Health Insurance - Earned Premium (BRL Billion), 2009-2013
Table 21: Brazilian Persol Accident and Health Insurance - Earned Premium (BRL Billion), 2013-2018
Table 22: Brazilian Persol Accident and Health Insurance - Paid Claims by Category (BRL Billion), 2009-2013
Table 23: Brazilian Persol Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2009-2013
Table 24: Brazilian Persol Accident and Health Insurance - Paid Claims by Category (BRL Billion), 2013-2018
Table 25: Brazilian Persol Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2013-2018
Table 26: Brazilian Persol Accident and Health Insurance - Incurred Loss by Category (BRL Billion), 2009-2013
Table 27: Brazilian Persol Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2009-2013
Table 28: Brazilian Persol Accident and Health Insurance - Incurred Loss by Category (BRL Billion), 2013-2018
Table 29: Brazilian Persol Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2013-2018
Table 30: Brazilian Persol Accident and Health Insurance - Retention by Category (BRL Billion), 2009-2013
Table 31: Brazilian Persol Accident and Health Insurance - Retention by Category (US$ Billion), 2009-2013
Table 32: Brazilian Persol Accident and Health Insurance - Retention by Category (BRL Billion), 2013-2018
Table 33: Brazilian Persol Accident and Health Insurance -  Retention by Category (US$ Billion), 2013-2018
Table 34: Brazilian Persol Accident and Health Insurance - Loss Ratio (%), 2009-2013
Table 35: Brazilian Persol Accident and Health Insurance - Loss Ratio (%), 2013-2018
Table 36: Brazilian Persol Accident and Health Insurance - Commission and Expenses (BRL Billion), 2009-2013
Table 37: Brazilian Persol Accident and Health Insurance - Commission and Expenses (BRL Billion), 2013-2018
Table 38: Brazilian Persol Accident and Health Insurance - Combined Ratio (%), 2009-2013
Table 39: Brazilian Persol Accident and Health Insurance - Combined Ratio (%), 2013-2018
Table 40: Brazilian Persol Accident and Health Insurance - Frauds and Crimes (BRL Billion), 2009-2013
Table 41: Brazilian Persol Accident and Health Insurance - Frauds and Crimes (BRL Billion), 2013-2018
Table 42: Brazilian Persol Accident and Health Insurance - Total Assets (BRL Billion), 2009-2013
Table 43: Brazilian Persol Accident and Health Insurance - Total Assets (BRL Billion), 2013-2018
Table 44: Brazilian Persol Accident and Health Insurance - Total Investment Income (BRL Billion), 2009-2013
Table 45: Brazilian Persol Accident and Health Insurance - Total Investment Income (BRL Billion), 2013-2018
Table 46: Brazilian Persol Accident and Health Insurance - Retentions (BRL Billion), 2009-2013
Table 47: Brazilian Persol Accident and Health Insurance - Retentions (BRL Billion), 2013-2018
Table 48: Brazilian Persol Accident Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 49: Brazilian Persol Accident Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 50: Brazilian Persol Accident Insurance - Written Premium (BRL Billion), 2009-2013
Table 51: Brazilian Persol Accident Insurance - Written Premium (BRL Billion), 2013-2018
Table 52: Brazilian Persol Accident Insurance - Loss Ratio (%), 2009-2013
Table 53: Brazilian Persol Accident Insurance - Loss Ratio (%), 2013-2018
Table 54: Brazilian Travel Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 55: Brazilian Travel Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 56: Brazilian Travel Insurance - Written Premium (BRL Billion), 2009-2013
Table 57: Brazilian Travel Insurance - Written Premium (BRL Billion), 2013-2018
Table 58: Brazilian Travel Insurance - Loss Ratio (%), 2009-2013
Table 59: Brazilian Travel Insurance - Loss Ratio (%), 2013-2018
Table 60: Brazilian Health Insurance - Number of Policies Sold (Thousand), 2009-2013
Table 61: Brazilian Health Insurance - Number of Policies Sold (Thousand), 2013-2018
Table 62: Brazilian Health Insurance - Written Premium (BRL Billion), 2009-2013
Table 63: Brazilian Health Insurance - Written Premium (BRL Billion), 2013-2018
Table 64: Brazilian Health Insurance - Direct Written Premium (BRL Billion), 2009-2013
Table 65: Brazilian Health Insurance - Direct Written Premium (BRL Billion), 2013-2018
Table 66: Brazilian Health Insurance - Loss Ratio (%), 2009-2013
Table 67: Brazilian Health Insurance - Loss Ratio (%), 2013-2018
Table 68: Brazilian Persol Accident and Health Insurance - Direct Marketing Commission Paid (BRL Billion), 2009-2013
Table 69: Brazilian Persol Accident and Health Insurance - Direct Marketing Commission Paid (BRL Billion), 2013-2018
Table 70: Brazilian Persol Accident and Health Insurance - Written Premium Through Direct Marketing (BRL Billion), 2009-2013
Table 71: Brazilian Persol Accident and Health Insurance - Written Premium Through Direct Marketing (BRL Billion), 2013-2018
Table 72: Brazilian Persol Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2009-2013
Table 73: Brazilian Persol Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2013-2018
Table 74: Brazilian Persol Accident and Health Insurance - Number of Direct Marketing Distributors, 2009-2013
Table 75: Brazilian Persol Accident and Health Insurance - Number of Direct Marketing Distributors, 2013-2018
Table 76: Brazilian Persol Accident and Health Insurance - Bancassurance Commission Paid (BRL Billion), 2009-2013
Table 77: Brazilian Persol Accident and Health Insurance - Bancassurance Commission Paid (BRL Billion), 2013-2018
Table 78: Brazilian Persol Accident and Health Insurance - Written Premium Through Bancassurance (BRL Billion), 2009-2013
Table 79: Brazilian Persol Accident and Health Insurance - Written Premium Through Bancassurance (BRL Billion), 2013-2018
Table 80: Brazilian Persol Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2009-2013
Table 81: Brazilian Persol Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2013-2018
Table 82: Brazilian Persol Accident and Health Insurance - Number of Bancassurance Distributors, 2009-2013
Table 83: Brazilian Persol Accident and Health Insurance - Number of Bancassurance Distributors, 2013-2018
Table 84: Brazilian Persol Accident and Health Insurance - E-Commerce Commission Paid (BRL Billion), 2009-2013
Table 85: Brazilian Persol Accident and Health Insurance - E-Commerce Commission Paid (BRL Billion), 2013-2018
Table 86: Brazilian Persol Accident and Health Insurance - Written Premium Through E-Commerce (BRL Billion), 2009-2013
Table 87: Brazilian Persol Accident and Health Insurance - Written Premium Through E-Commerce (BRL Billion), 2013-2018
Table 88: Brazilian Persol Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2009-2013
Table 89: Brazilian Persol Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2013-2018
Table 90: Brazilian Persol Accident and Health Insurance - Number of E-Commerce Distributors, 2009-2013
Table 91: Brazilian Persol Accident and Health Insurance - Number of E-Commerce Distributors, 2013-2018
Table 92: Brazilian Persol Accident and Health Insurance - Commission Paid to Brokers (BRL Billion), 2009-2013
Table 93: Brazilian Persol Accident and Health Insurance - Commission Paid to Brokers (BRL Billion), 2013-2018
Table 94: Brazilian Persol Accident and Health Insurance - Written Premium Through Brokers (BRL Billion), 2009-2013
Table 95: Brazilian Persol Accident and Health Insurance - Written Premium Through Brokers (BRL Billion), 2013-2018
Table 96: Brazilian Persol Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2009-2013
Table 97: Brazilian Persol Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2013-2018
Table 98: Brazilian Persol Accident and Health Insurance - Number of Brokers, 2009-2013
Table 99: Brazilian Persol Accident and Health Insurance - Number of Brokers, 2013-2018
Table 100: Brazilian Persol Accident and Health Insurance - Commission Paid to Other Channels (BRL Billion), 2009-2013
Table 101: Brazilian Persol Accident and Health Insurance - Commission Paid to Other Channels (BRL Billion), 2013-2018
Table 102: Brazilian Persol Accident and Health Insurance - Written Premium Through Other Channels (BRL Billion), 2009-2013
Table 103: Brazilian Persol Accident and Health Insurance - Written Premium Through Other Channels (BRL Billion), 2013-2018
Table 104: Brazilian Persol Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2009-2013
Table 105: Brazilian Persol Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2013-2018
Table 106: Brazilian Persol Accident and Health Insurance - Number of Distributors in Other Channels, 2009-2013
Table 107: Brazilian Persol Accident and Health Insurance - Number of Distributors in Other Channels, 2013-2018
Table 108: Brazilian Reinsurance by Category (BRL Billion), 2009-2013
Table 109: Brazilian Reinsurance by Category (US$ Billion), 2009-2013
Table 110: Brazilian Reinsurance by Category (BRL Billion), 2013-2018
Table 111: Brazilian Reinsurance by Category (US$ Billion), 2013-2018
Table 112: Brazilian Premium Ceded to Reinsurance by Type of Insurance (BRL Billion), 2009-2013
Table 113: Brazilian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2009-2013
Table 114: Brazilian Premium Ceded to Reinsurance by Type of Insurance (BRL Billion), 2013-2018
Table 115: Brazilian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2013-2018
Table 116: Brazilian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 117: Brazilian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 118: Brazil - Life Insurance Regulatory Framework
Table 119: Brazil - Property Insurance Regulatory Framework
Table 120: Brazil - Motor Insurance Regulatory Framework
Table 121: Brazil - Compensation Provided by the Insurer in the Event of an Accident
Table 122: Brazil - Compensation Provided By The Insurer In The Event Of Accident
Table 123: Brazil - Ratings Required For Registration Of Reinsurance Business
Table 124: Brazil - Minimum Capital Requirements (BRL)
Table 125: Brazil - Corporate Tax Rates in Brazil for Fincial Year 2012?2013
Table 126: Shares of Key Insurers in the Brazilian Persol Accident Category (%), 2013
Table 127: Itau Seguros SA, Key Facts
Table 128: Bradesco Vida e Previd�ncia SA, Key Facts
Table 129: Zurich Santander Seguros SA, Key Facts
Table 130: Companhia de Seguros Alianca do Brasil, Key Facts
Table 131: HSBC Seguros (Brasil) SA, Key Facts
Table 132: Metropolitan Life Seguros e Previd�ncia Privada SA, Key Facts
Table 133: Mapfre Affinity Seguradora SA, Key Facts
Table 134: Itau Vida e Previd�ncia SA, Key Facts
Table 135: Porto Seguro Cia de Seguros Gerais, Key Facts
Table 136: Ace Seguradora SA, Key Facts
Table 137: Amil Assist�ncia Medica Interciol SA, Key Facts
Table 138: Unimed Paulista, Key Facts