Brazil Insurance Sector Report 2024 2nd Quarter

In Q1 2024, Brazil's total insurance premium income grew by 13.1% y/y, reaching BRL 178.3bn, driven by the strong expansion of the country's economy, with real GDP rising by a seasonally-adjusted 2.1% y/y during the quarter. Life insurance premium income surged by 17.3% y/y to BRL 71.7bn, while non-life insurance premiums increased by 10.5% y/y to BRL 106.6bn. A significant contributor to this growth was supplementary health insurance, where premium income rose by 12.2% y/y to BRL 75.3bn. Loan insurance also performed above average, growing by 16.6% y/y, reflecting a shift in demand toward financial and property insurance as the economy strengthened.

This report provides a complete and detailed analysis of the "Banking and insurance" sector for Brazil. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Banking and insurance" sector in Brazil
• Crystallise the forces both driving and restraining this sector in Brazil
• Ascertain Brazil’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Brazil.
• Build a clear picture of trends, output and consumption for specific sub-sectors