Executive summary

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Scope

• This report provides a comprehensive analysis of the reinsurance market in Brazil:
• It provides historical values for Brazil’s reinsurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in Brazil’s reinsurance market, along with market forecasts until 2016
• It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in Brazil and its growth prospects
• It profiles the top reinsurance companies in Brazil

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Key highlights

• In its efforts to develop the reinsurance market, the Brazilian government partially deregulated the market in January 2007, allowing private reinsurance companies to conduct business operations in Brazil from April 2008
• Due to the entry and expansion of foreign insurance companies and larger domestic companies consolidating their market position in the insurance industry, the intensity of competition has risen considerably
• The Brazilian reinsurance market is dominated by IRB Brasil Resseguros S/A
• In 2011, the Facultative reinsurance category was the largest in terms of written premium with a total market share of 71.8% in 2011
• Infrastructure construction and credit industries are expected to experience higher growth over the forecast period
• Stricter regulations for higher capital requirements by SUSEP are expected to lead to growth in the reinsurance industry

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Reasons to buy

• Make strategic business decisions using top-level historic and forecast market data related to the Brazilian reinsurance market and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Brazilian reinsurance market
• Assess the competitive dynamics in the reinsurance market
• Identify the growth opportunities and market dynamics within key product categories

Table of contents

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Brazil Insurance Industry Attractiveness
3.1 Insurance Industry Market Size, 2007–2016
3.2 Reinsurance Growth Dynamics and Challenges
3.2.1 Reinsurance market size, 2007–2016
3.2.2 Reinsurance market size by type of insurance, 2007–2016
4 Key Industry Trends and Drivers
4.1 Fundamental Business Drivers
4.2 Life Insurance Market Drivers
4.3 Non-Life Insurance Market Drivers
4.4 Personal Accident and Health Insurance Market Drivers
5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the Brazilian Reinsurance Industry
5.3 IRB Brasil Resseguros S/A– Company Overview
5.3.1 IRB Brasil Resseguros S/A– key facts
5.3.2 IRB Brasil Resseguros S/A– main products
5.3.3 IRB Brasil Resseguros S/A– main competitors
5.3.4 IRB Brasil Resseguros S/A– key employees
5.4 XL Resseguros Brasil S.A. – Company Overview
5.4.1 XL Resseguros Brasil S.A– key facts
5.4.2 XL Resseguros Brasil S.A– main products
5.4.3 XL Resseguros Brasil S.A– main competitors
5.4.4 XL Resseguros Brasil S.A– key employees
5.5 Austral Resseguradora S/A– Company Overview
5.5.1 Austral Resseguradora S/A – key facts
5.5.2 Austral Resseguradora S/A – main products
5.5.3 Austral Resseguradora S/A – main competitors
5.5.4 Austral Resseguradora S/A – key employees
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Business confidence index
6.1.2 Market capitalization trend - Bovespa index, Brazil
6.1.3 FDI inflow by industry
6.1.4 Deployment of credit
6.2 Economic Performance
6.2.1 GDP at constant prices (US dollars)
6.2.2 GDP per capita at constant prices (US dollars)
6.2.3 GDP at current prices (US dollars)
6.2.4 GDP per capita at current prices (US dollars)
6.2.5 GDP split by key sectors
6.2.6 Agriculture net output at current prices (Brazilian real)
6.2.7 Agriculture net output at current prices (US dollars)
6.2.8 Agriculture net output at current prices as a percentage of GDP
6.2.9 Manufacturing net output at current prices (Brazilian real)
6.2.10 Manufacturing net output at current prices (US dollars)
6.2.11 Manufacturing net output at current prices as a percentage of GDP
6.2.12 Mining, manufacturing and utilities net output at current prices (Brazilian real)
6.2.13 Mining, manufacturing and utilities at current prices (US dollars)
6.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP
6.2.15 Construction net output at current prices (Brazilian real)
6.2.16 Construction net output at current prices (US dollars)
6.2.17 Construction net output at current prices as a percentage of GDP
6.2.18 Crude steel production
6.2.19 Crude oil consumption
6.2.20 Inflation rate
6.2.21 Fiscal balance as a percentage of GDP
6.2.22 Current account balance as a percentage of GDP
6.2.23 Exports as a percentage of GDP
6.2.24 Imports as a percentage of GDP
6.2.25 Exports growth
6.2.26 Imports growth
6.2.27 External debt as a percentage of GDP
6.2.28 Annual average exchange rate (US$–BRL)
6.2.29 End of period exchange rate (US$–BRL)
6.2.30 Debt service ratio
6.3 Infrastructure Quality and Availability
6.3.1 Total airports
6.3.2 Passenger vehicle production
6.3.3 Commercial vehicle production volume
6.3.4 Automotive components exports
6.3.5 Automotive components imports
6.3.6 Passenger vehicle exports
6.3.7 Commercial vehicle exports
6.3.8 Passenger car penetration
6.3.9 Motorcycle penetration
6.3.10 Total installed capacity for electricity generation
6.3.11 Installed capacity for the generation of conventional thermal electricity
6.3.12 Electricity production
6.3.13 Installed capacity for the generation of hydro-electricity
6.3.14 Installed capacity for renewable electricity generation
6.3.15 Electricity consumption
6.3.16 Electricity exports
6.3.17 Electricity imports
6.3.18 Healthcare expenditure
6.3.19 Healthcare expenditure as a percentage of GDP
6.3.20 Healthcare expenditure per capita
6.3.21 Total internet subscribers
6.3.22 Broadband internet subscribers
6.3.23 Personal computer penetration rate
6.3.24 Mobile phone penetration rate
6.3.25 R&D Expenditure as a percentage of GDP
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Annual disposable income
6.5.2 Annual per capita disposable income
6.5.3 Annual consumer expenditure on food
6.5.4 Annual per capita consumer expenditure on food
6.5.5 Total population
6.5.6 Urban and rural population
6.5.7 Female percentage of population
6.5.8 Male percentage of population
6.5.9 Mean age of population
6.5.10 Median age of population
6.5.11 Population density
6.5.12 Age distribution of the total population
6.5.13 Age distribution of the male population
6.5.14 Age distribution of the female population
6.5.15 Number of households
6.6 Political and Social Risk
6.6.1 Political stability
6.6.2 Terrorism Index
6.6.3 Transparency index
7 Appendix
7.1 Methodology
7.2 Contact us
7.3 About Timetric
7.4 Disclaimer

List of tables

Table 1: Insurance Industry Definitions
Table 2: Brazil Insurance Overall Written Premium by Segment (BRL Billion), 2007–2011
Table 3: Brazil Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Brazil Insurance Overall Written Premium by Segment (BRL Billion), 2011–2016
Table 5: Brazil Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Brazil Insurance Segmentation (%), 2007–2016
Table 7: Reinsurance Market in Brazil by Category (BRL Billion), 2007–2011
Table 8: Reinsurance Market in Brazil by Category (US$ Billion), 2007–2011
Table 9: Reinsurance Market in Brazil by Category (BRL Billion), 2011–2016
Table 10: Reinsurance Market in Brazil by Category (US$ Billion), 2011–2016
Table 11: Reinsurance Ceded by Type of Insurance (BRL Billion), 2007–2011
Table 12: Reinsurance Ceded by Type of Insurance (US$ Billion), 2007–2011
Table 13: Reinsurance Ceded by Type of Insurance (BRL Billion), 2011–2016
Table 14: Reinsurance Ceded by Type of Insurance (US$ Billion), 2011–2016
Table 15: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 16: Life Insurance – Percentage of Reinsurance Ceded (%),2011–2016
Table 17: Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 18: Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 19: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 20: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 21: Reinsurance Market Share (%), 2010
Table 22: IRB Brasil Resseguros S/A, Key Facts
Table 23: IRB Brasil Resseguros S/A, Main Products
Table 24: IRB Brasil Resseguros S/A, Key Employees
Table 25: XL Resseguros Brasil S.A., Key Facts
Table 26: XL Resseguros Brasil S.A, Main Products
Table 27: XL Resseguros Brasil S.A, Key Employees
Table 28: Austral Resseguradora S/A, Key Facts
Table 29: Austral Resseguradora S/A, Main Products
Table 30: Austral Resseguradora S/A, Key Employees

List of figures

Figure 1: Brazil Insurance Overall Written Premium by Segment (BRL Billion), 2007–2016
Figure 2: Brazil Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Premium Ceded to Reinsurance by Category (BRL Billion), 2007–2016
Figure 4: Reinsurance Premium Share by Category (%), 2011 and 2016
Figure 5: Reinsurance Market Dynamics by Category, 2007–2016
Figure 6: Reinsurance Ceded by Type of Insurance (BRL Billion), 2007–2016
Figure 7: Reinsurance Market Dynamics by Type of Insurance, 2007–2016
Figure 8: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 9: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 10: Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 11: Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 12: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 13: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 14: Reinsurance Market Share (%), 2010
Figure 15: Brazilian Business Confidence Indicator, 2005–2009
Figure 16: Bovespa Index Market Capitalization (US$ Billion), 2004–2010
Figure 17: Brazilian FDI Inflows by Industry (US$ Billion), 2003–2009
Figure 18: Brazilian Deployment of Credit (US$ Billion), 2003–2009
Figure 19: Brazilian GDP at Constant Prices (US$ Billion), 2007–2016
Figure 20: Brazilian GDP Per Capita at Constant Prices (US$), 2007–2016
Figure 21: Brazilian GDP at Current Prices (US$ Billion), 2007–2016
Figure 22: Brazilian GDP Per Capita at Current Prices (US$), 2007–2016
Figure 23: Brazilian GDP Split by Key Sectors (%), 2003 and 2008
Figure 24: Brazilian Agriculture Net Output at Current Prices (BRL Billion), 2007–2016
Figure 25: Brazilian Agriculture Net Output at Current Prices (US$ Billion), 2007–2016
Figure 26: Brazilian Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 27: Brazilian Manufacturing Net Output at Current Prices (BRL Billion), 2007–2016
Figure 28: Brazilian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 29: Brazilian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 30: Brazilian Mining, Manufacturing and Utilities Net Output at Current Prices (BRL Billion), 2007–2016
Figure 31: Brazilian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2016
Figure 32: Brazilian Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 33: Brazilian Construction Net Output at Current Prices (BRL Billion), 2007–2016
Figure 34: Brazilian Construction Net Output at Current Prices (US$ Billion), 2007–2016
Figure 35: Brazilian Construction Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 36: Brazilian Crude Steel Production (Million Metric Tons), 2007–2016
Figure 37: Brazilian Crude Oil Consumption (Million Tons), 2007–2016
Figure 38: Brazilian Inflation Rate (%), 2007–2016
Figure 39: Brazilian Fiscal Balance as a Percentage of GDP (%), 2007–2011
Figure 40: Brazilian Current Account Balance as a Percentage of GDP (%), 2004–2010
Figure 41: Brazilian Exports as a Percentage of GDP (%), 2007–2016
Figure 42: Brazilian Imports as a Percentage of GDP (%), 2007–2016
Figure 43: Brazilian Exports Growth (%), 2007–2016
Figure 44: Brazilian Imports Growth (%), 2007–2016
Figure 45: Brazilian External Debt as a Percentage of GDP (%), 2007–2010
Figure 46: Brazilian Annual Average Exchange Rate (US$–BRL), 2007–2010
Figure 47: Brazilian End of Period Exchange Rate (US$–BRL), 2007–2010
Figure 48: Brazil Debt Service Ratio, 2003–2009
Figure 49: Brazilian Number of Airports, 2010
Figure 50: Brazilian Passenger Vehicle Production (Million Units), 2007–2016
Figure 51: Brazilian Commercial Vehicle Production (Units), 2007–2016
Figure 52: Brazilian Automotive Components Exports (US$ Billion), 2007–2016
Figure 53: Brazilian Automotive Components Imports (US$ Billion), 2007–2016
Figure 54: Brazil Passenger Vehicle Exports (Units), 2007–2016
Figure 55: Brazilian Commercial Vehicle Exports (Units), 2007–2016
Figure 56: Brazil Passenger Vehicle Exports (Units), 2007–2016
Figure 57: Brazil Motorcycle Penetration (per Thousand People), 2007–2015
Figure 58: Brazilian Total Installed Capacity for Electricity Generation (Million Kilowatts), 2007–2016
Figure 59: Brazilian Installed Capacity for the Generation of Conventional Thermal Electricity (Million Kilowatts), 2007–2016
Figure 60: Brazilian Electricity Production (Billion Kilowatts Hours), 2007–2016
Figure 61: Brazilian Installed Capacity for the Generation of Hydro-Electricity (Million Kilowatts), 2007–2016
Figure 62: Brazilian Installed Capacity for the Generation of Renewable Electricity (Million Kilowatts), 2007–2016
Figure 63: Brazilian Electricity Consumption (Billion Kilowatt Hours), 2007–2016
Figure 64: Brazilian Electricity Exports (Million Kilowatts Hours), 2007–2016
Figure 65: Brazilian Electricity Imports (Billon Kilowatts Hours), 2007–2016
Figure 66: Brazilian Healthcare Expenditure (US$ Billion), 2007–2016
Figure 67: Brazilian Healthcare Expenditure as a Percentage of GDP (%), 2007–2016
Figure 68: Brazilian Per Capita Healthcare Expenditure (US$), 2007–2016
Figure 69: Brazilian Internet Subscriptions (Millions), 2007–2016
Figure 70: Brazilian Broadband Internet Subscriptions (Millions), 2007–2016
Figure 71: Brazilian Personal Computer Penetration Rate (per Hundred People), 2007–2016
Figure 72: Brazilian Mobile Phone Penetration (%), 2007–2016
Figure 73: Brazilian R&D Expenditure as a Percentage of GDP (%), 2007–2016
Figure 74: Brazilian Size of Labor Force (Million), 2007–2016
Figure 75: Brazilian Unemployment Rate (%), 2007–2016
Figure 76: Brazilian Annual Disposable Income (US$ Billion), 2007–2016
Figure 77: Brazilian Annual Per Capita Disposable Income (US$), 2007–2016
Figure 78: Brazilian Consumer Expenditure on Food (US$ Billion), 2007–2016
Figure 79: Brazilian Annual Per Capita Consumer Expenditure on Food (US$), 2007–2016
Figure 80: Brazilian Total Population (Million People), 2007–2016
Figure 81: Brazilian Urban and Rural Population (%), 2007–2016
Figure 82: Brazilian Female as a Percentage of Total Population (%), 2007–2016
Figure 83: Brazilian Male as a Percentage of Total Population (%), 2007–2016
Figure 84: Brazilian Mean Age of Population (Years), 2007–2016
Figure 85: Brazilian Median Age of Population (Years), 2007–2016
Figure 86: Brazilian Population Density (per Square Kilometer), 2007–2016
Figure 87: Brazilian Population Distribution by Age (%), 2007–2016
Figure 88: Brazilian Male Population Distribution by Age (%), 2007–2016
Figure 89: Brazilian Female Population Distribution by Age (%), 2007–2016
Figure 90: Brazilian Households, Number of (Million), 2007–2016
Figure 91: Global Terrorism Heat Map, 2010
Figure 92: Brazilian Transparency Index, 2007–2010