Personal Accident and Health Insurance in Brazil, Key Trends and Opportunities to 2020

Published: Sep, 2016 | Pages: 119 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis

Timetric's 'Personal Accident and Health Insurance in Brazil Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Brazilian life insurance segment, and a comparison of the Brazilian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Brazilian economy and demographics, and provides detailed information on the competitive landscape in the country. 

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Summary

Timetric's 'Personal Accident and Health Insurance in Brazil Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Brazilian personal accident and health insurance segment, including:

• An overview of the Brazilian personal accident and health insurance segment

• The Brazilian personal accident and health insurance segment's growth prospects by category

• A comprehensive overview of the Brazilian economy and demographics

• A comparison of the Brazilian personal accident and health insurance segment with its regional counterparts

• Overview of various distribution channels in the Brazilian personal accident and health insurance segment

• Details of the competitive landscape in the personal accident and health insurance segment in Brazil

• Details of regulatory policy applicable to the Brazilian insurance industry
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 2011-2015 review period, and projected figures for the 2015-2020 forecast period.

• It offers a detailed analysis of the key categories in the Brazilian personal accident and health insurance segment, and market forecasts to 2020.

• It provides a comparison of the Brazilian personal accident and health insurance segment with its regional counterparts

• It provides an overview of the various distribution channels for personal accident and health insurance products in Brazil.

• It profiles the top personal accident and health insurance companies in Brazil, and outlines the key regulations affecting them.
Reasons 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 in the Brazilian personal accident and health insurance segment.

• Assess the competitive dynamics in the personal accident and health insurance segment.

• Identify growth opportunities and market dynamics in key product categories.

• Gain insights into key regulations governing the Brazilian insurance industry, and their impact on companies and the industry's future.
Key Highlights

• The Brazilian personal accident and health segment grew at a review-period CAGR of 17.6%. 

• The expansion of health and travel insurance primarily drove the segment's growth during the review period.

• Services provided by the public healthcare system are not of a high quality, and many affluent Brazilians are increasingly opting for private health cover.

• Private health insurers which offer policies covering congenital complications are likely to record increased claims due to the Zika outbreak. 

• Cost-effective channels such as direct marketing and channels driven by technology are expanding quickly.

• Healthcare and dental services, which are not covered by the public healthcare system, are expected to support growth in private health insurance over the forecast period.

 Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Claims
4.2.3 Profitability
4.2.4 Assets and investments
5 Outlook by Category
5.1 Personal Accident Insurance
5.1.1 Premium
5.1.2 Claims
5.1.3 Profitability
5.2 Health Insurance
5.2.1 Premium
5.2.2 Claims
5.2.3 Profitability
5.3 Travel Insurance
5.3.1 Premium
5.3.2 Claims
5.3.3 Profitability
6 Distribution Channel Outlook
7 Natural and Man-Made Hazards
7.1 Flooding
7.2 Droughts
7.3 Landslides
7.4 Storms
7.5 Epidemics
7.6 Man-Made Disasters
7.7 Exposure
8 Competitive Landscape
8.1 Company Profiles
8.1.1 Itau Seguros SA - company overview
8.1.2 Bradesco Vida e Previdencia SA - company overview
8.1.3 Zurich Santander Brazil Seguros e Previdencia SA - company overview
8.1.4 Companhia de Seguros Alianca do Brazil - company overview
8.1.5 Metropolitan Life Seguros e Previdencia - company overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulation
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life Insurance
9.3.2 Property Insurance
9.3.3 Motor Insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.4.1 Motor third-party liability insurance
9.4.2 Insurance for personal injury caused by ships or cargos
9.4.3 Social security scheme
9.4.4 Domestic credit insurance
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors
9.5.2 Association of Insurance Supervisors Latin America
9.5.3 National Private Insurance Council
9.5.4 Superintendent of Private Insurance
9.5.5 National Confederation of General Insurance, Private Pension and Life, Supplementary Health and Capitalization Companies
9.5.6 National Federation of General Insurance
9.5.7 National Federation of Open Private Pension and Life
9.5.8 National Federation of Supplementary Health
9.5.9 National Federation of Capitalization
9.6 Non-Admitted Insurance Regulations
9.6.1 Overview
9.6.2 Intermediaries
9.6.3 Market practices
9.6.4 Fines and penalties
9.7 Company Registration and Operations
9.7.1 Type of insurance organization
9.7.2 Establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margin
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8 Taxation
9.8.1 Insurance premium or policy taxations
9.8.2 Withholding taxes on premium paid overseas.
9.8.3 Corporate tax
9.8.4 VAT
9.8.5 Captives
9.9 Legal System
9.9.1 Introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution (ADR)
10 Databook
10.1 Policies and Premium
10.1.1 Claims and expenses
10.1.2 Assets and investments
10.1.3 Personal accident insurance
10.1.4 Health insurance
10.1.5 Health insurance by product
10.1.6 Travel insurance
11 Definitions and Methodology
11.1 Definitions
11.2 Methodology
12 About Timetric
12.1 Contact Timetric
12.2 About Timetric
12.3 Timetric's Services
12.4 Disclaimer

List of Tables
Table 1: Brazilian Personal Accident and Health Insurance - Key Facts, 2014
Table 2: Brazilian Personal Accident and Health Insurance - Segment Shares of the Top Insurers, 2015
Table 3: BRICS Region - Real GDP (US$ Billion), 2015
Table 4: Brazilian Government Credit Ratings
Table 5: Brazilian Personal Accident and Health Insurance - Gross Written Premium (BRL Billion and US$ Billion), 2011-2015
Table 6: Brazilian Personal Accident and Health Insurance - Penetration (%), 2011-2015
Table 7: Brazilian Personal Accident and Health Insurance - Gross Written Premium (BRL Billion and US$ Billion), 2015-2020
Table 8: Brazilian Personal Accident and Health Insurance - Penetration (%), 2015-2020
Table 9: Brazilian Personal Accident and Health Insurance - Premium per Capita (BRL and US$), 2011-2015
Table 10: Brazilian Personal Accident and Health Insurance - Premium per Capita (BRL and US$), 2015-2020
Table 11: Brazilian Personal Accident and Health Insurance - Paid Claims (BRL Billion and US$ Billion), 2011-2015
Table 12: Brazilian Personal Accident and Health Insurance - Paid Claims (BRL Billion and US$ Billion), 2015-2020
Table 13: Brazilian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
Table 14: Brazilian Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
Table 15: Brazilian Personal Accident and Health Insurance - Total Assets (BRL Billion and US$ Billion), 2011-2015
Table 16: Brazilian Personal Accident and Health Insurance - Total Assets (BRL Billion and US$ Billion), 2015-2020
Table 17: Brazilian Personal Accident and Health Insurance - Total Investment Income (BRL Million and US$ Million), 2011-2015
Table 18: Brazilian Personal Accident and Health Insurance - Total Investment Income (BRL Million and US$ Million), 2015-2020
Table 19: Brazilian Personal Accident and Health Insurance - Investment Portfolio (BRL Billion), 2011-2015
Table 20: Brazilian Personal Accident and Health Insurance - Investment Portfolio (BRL Billion), 2015-2020
Table 21: Brazilian Personal Accident and Health Insurance - Direct Written Premium by Category (BRL Million), 2011-2015
Table 22: Brazilian Personal Accident and Health Insurance - Direct Written Premium by Category (BRL Billion), 2015-2020
Table 23: Brazilian Personal Accident Insurance - Direct Written Premium (BRL Billion and US$ Billion), 2011-2015
Table 24: Brazilian Personal Accident Insurance - Direct Written Premium (BRL Billion and US$ Billion), 2015-2020
Table 25: Brazilian Personal Accident Insurance - Paid Claims (BRL Million and US$ Million), 2011-2015
Table 26: Brazilian Personal Accident Insurance - Paid Claims (BRL Million and US$ Million), 2015-2020
Table 27: Brazilian Personal Accident Insurance - Loss Ratio (%), 2011-2015
Table 28: Brazilian Personal Accident Insurance - Loss Ratio (%), 2015-2020
Table 29: Brazilian Health Insurance - Direct Written Premium by Sub-Category (BRL Billion), 2011-2015
Table 30: Brazilian Health Insurance - Direct Written Premium by Sub-Category (BRL Billion), 2015-2020
Table 31: Brazilian Health Insurance - Paid Claims (BRL Billion and US$ Billion), 2011-2015
Table 32: Brazilian Health Insurance - Paid Claims (BRL Billion and US$ Billion), 2015-2020
Table 33: Brazilian Health Insurance - Loss Ratio (%), 2011-2015
Table 34: Brazilian Health Insurance - Loss Ratio (%), 2015-2020
Table 35: Brazilian Travel Insurance - Direct Written Premium (BRL Million), 2011-2015
Table 36: Brazilian Travel Insurance - Direct Written Premium (BRL Million), 2015-2020
Table 37: Brazilian Travel Insurance - Paid Claims (BRL Million and US$ Million), 2011-2015
Table 38: Brazilian Travel Insurance - Paid Claims (BRL Million and US$ Million), 2015-2020
Table 39: Brazilian Travel Insurance - Loss Ratio (%), 2011-2015
Table 40: Brazilian Travel Insurance - Loss Ratio (%), 2015-2020
Table 41: Average Annual Loss by Hazard (1990-2015)
Table 42: Brazilian Personal Accident and Health Insurance - Segment Shares of the Leading Insurers (%), 2015
Table 43: Itau Seguros SA - Key Facts
Table 44: Bradesco Vida e Previdencia SA - Key Facts
Table 45: Zurich Santander Brazil Seguros e Previdencia SA - Key Facts
Table 46: Companhia de Seguros Alianca do Brazil - Key Facts
Table 47: Metropolitan Life Seguros e Previdencia - Key Facts
Table 48: Brazil - Insurance Regulatory Framework Key Features
Table 49: Brazil - Life Insurance Regulatory Framework
Table 50: Brazil - Property Insurance Regulatory Framework
Table 51: Brazil - Motor Insurance Regulatory Framework
Table 52: Brazil - Liability Insurance Regulatory Framework
Table 53: Brazil - Compensation Provided by the Insurer in the Event of an Accident
Table 54: Brazil - Compensation Provided by the Insurer in the Event of an Accident
Table 55: Brazil - Ratings Required For Registration Of Reinsurance Business
Table 56: Brazil - Ratings Required For Registration Of Occasional Business
Table 57: Brazil - Base Capital - Variable Component by Region
Table 58: Brazil - Risks Correlation Factor
Table 59: Brazil - Corporate Tax Rates for the Financial Year 2016
Table 60: Brazilian Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
Table 61: Brazilian Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
Table 62: Brazilian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 63: Brazilian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 64: Brazilian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 65: Brazilian Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 66: Brazilian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
Table 67: Brazilian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
Table 68: Brazilian Personal Accident and Health Insurance - Health Insurance, 2011-2015
Table 69: Brazilian Personal Accident and Health Insurance - Health Insurance, 2015-2020
Table 70: Brazilian Personal Accident and Health Insurance - Health by Product, 2011-2015
Table 71: Brazilian Personal Accident and Health Insurance - Health by Product, 2015-2020
Table 72: Brazilian Personal Accident and Health Insurance - Travel Insurance, 2011-2015
Table 73: Brazilian Personal Accident and Health Insurance - Travel Insurance, 2015-2020
Table 74: Insurance Industry Definitions