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

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Personal Accident and Health Insurance in Brazil:

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. View Full Report with TOC at: http://www.researchmoz.us/personal-accident-and-health-insurance-in-brazil-key-trends-and-opportunities-to-2018-report.html

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 Agência Nacional de Saúde (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.

Reinsurance in Brazil:

Brazil’s reinsurance segment is the largest in Latin America. As of 2014, 106 reinsurers operated in the segment. It is mandatory for insurers to cede at least 40% of reinsurance premium to local reinsurers; however, they cannot cede over 20% of their premium to foreign reinsurance affiliates. The country’s oil exploration activities are an important business driver for the reinsurance segment. View Full Report with TOC at: http://http://www.researchmoz.us/reinsurance-in-brazil-key-trends-and-opportunities-to-2018-report.html

Key highlights:-

• Brazil’s reinsurance segment is the largest in Latin America.
• As of 2014, 106 reinsurers operated in the segment.
• In 2008, the country’s reinsurance segment was opened to domestic and foreign reinsurers, putting an end to the monopoly of the state-owned reinsurer, IRB Brasil Resseguros SA (IRB).
• The Brazilian reinsurance segment is concentrated, with the leading 10 companies accounting for 71.4% share of the total gross written premiums in 2013.

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